What @sog_ced is reading online: June 2020

The following are articles and reports on the web that the Community and Economic Development Program at the UNC School of Government shared through social media over the past month. Follow us on twitter or facebook to receive regular updates. <div> Items of interest related to CED in North Carolina: DFI provides project update to Southern Pines Town Council on neighborhood development analysis: https://bit.ly/31aG70k HUD issues an opportunity zone toolkit Vol. 2. https://bit.ly/3hpfw5B. Check out DFI’s toolkit on North Carolina OZs: https://dfi.sog.unc.edu/projects/opportunity-zones/ </div> CED items: The Ford Foundation borrows $1 billion through social bond issuance; proceeds to aid struggling nonprofits now without dipping into the foundation’s endowment. Other foundations are joining the effort. https://bit.ly/3cWviBk Federal Reserve Bank of San Francisco’s blog post provides a primer on racial equity: https://bit.ly/2XW56T9 Federal “Economic Injury Disaster Loan” (EIDL) program for small businesses and associated $10K federal grant “advance” was briefly restricted to agricultural businesses. Now open to more businesses again. https://cnb.cx/3hG8dGQ International Economic Development Council explains why recognizing Juneteenth matters to economic development professionals. https://bit.ly/2UZofl4 Federal Reserve expands the CARES Act Main Street Lending Program to include more businesses. Now offers smaller loans, provides two year principal deferral rather than one, and extends term to five years. https://bit.ly/3erMEHP Urban Institute post explains how the Opportunity Zone Incentive isn’t living up to its equitable development goals and offers four ways to improve it: https://urbn.is/2Y6SMzt Last month’s edition of “What @sog_ced is reading….” May 2020 Compiled by Marcia Perritt

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