Economic Innovation Group

@InnovateEconomy

An ideas lab and advocacy organization dedicated to empowering entrepreneurs and investors to forge a more dynamic U.S. economy.

Washington, D.C.
eig.org
Joined September 2013
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  1. Pinned Tweet
    Oct 14

    : Today, EIG released its Distressed Communities Index, an interactive tool to visualize how place affects economic experience in America. The finds that the US has made little progress against its inequities since 2000. 🧵on key takeaways:

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  2. 2 hours ago

    A new piece by in cites key EIG analysis on business formation, finding that amidst our current economic crisis, entrepreneurship has seen a surprising surge. More:

    3 retweets 6 likes
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  3. 20 hours ago

    Recent analysis from EIG found that the first tranche of was effective in providing immediate assistance to small businesses, including those located in distressed communities.

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  4. 20 hours ago

    "The urgency around this is extreme," says on the need for small-business relief in a new piece by for . A new round of targeted will be critical in providing relief to the sector. Read more:

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  5. 21 hours ago

    (7/7) As COVID cases soar and states turn back to partial/full lockdowns, small businesses will be forced to shutter, and some will close permanently without swift relief. Congress must act to ensure pull through this crisis.

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  6. 21 hours ago

    (6/7) Surprisingly, states with surging caseloads are not the states with the largest shares of businesses reporting falling revenues—yet. This will be a critical indicator to monitor in coming weeks as economic activity may slow significantly as the virus spreads.

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  7. 21 hours ago

    (5/7) The states where the highest share of small businesses are currently reporting the worst effects of the pandemic are generally the same that experienced the worst effects in April & May.

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  8. 21 hours ago

    (4/7) While the share of businesses reporting large negative effects from the pandemic has gradually fallen since April, some sectors remain in acute distress, like education; arts, entertainment and recreation; and accommodation and food services.

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  9. 21 hours ago

    (3/7) For the second week in a row, over 20% of businesses cut employee hours, a significant indicator that the sector remains under increasing distress.

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  10. 21 hours ago

    (2/7) The fallout from 's advance is clear & devastating in accommodation & food services. In early Dec, over 60% of these businesses reported ⬇ revenue—25 points above the the ntl. average for the week, and 24 points higher than the ind. lowest recorded share in Sept.

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  11. 21 hours ago

    (1/7) ⚠️⚠️EIG's latest analysis of data continues to show the harmful impact of COVID-19 on small businesses, underscoring the urgent need for additional relief. THREAD: ⬇

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  12. Dec 13

    For the second week in a row, over 20% of businesses cut employee hours. New EIG analysis breaks down troubling trends in the sector:

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  13. Dec 13

    : EIG analyzed mobility & business survey data across all states, finding that surging cases this fall are rolling back the modest economic recovery seen over the summer. Read the full analysis by here ⬇️:

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  14. Dec 12

    ICYMI: A new coalition of leading business & policy groups including EIG & others urged Congress to take immediate action to provide emergency relief to small businesses. Read the letter here:

    4 retweets 4 likes
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  15. Dec 12

    Did the Paycheck Protection Program Shut Out Distressed Communities? We find that was effective in providing immediate assistance to small businesses, including those located in distressed communities.

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  16. Dec 11

    🚨NEW: Update on COVID-19's impact on 🚨 In this week's analysis of @uscensusdata, finds the sector struggling, with over 60% of businesses in accommodation and food services reporting ⬇️ revenue. Read our 5 takeaways:

    2 retweets 5 likes
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  17. Dec 11

    According to data from late Nov., 46.4% of believe it will be 6+ months before their businesses return to normal operations. EIG, , , & others urged Congress to immediately act.

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  18. Retweeted
    Dec 10

    Did you know! has published an playbook that includes this gem of a guide to the many ways OZs can advance local economic development. It ain't just real estate folks and it ain't just housing. Check it out!

    1 retweet 5 likes
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  19. Dec 10

    🚨Weekly Update on COVID-19's impact on BIZ FORMATION 🚨 Last week likely employers submitted 26K applications, a 30% increase over the same week in 2019, bringing the yearly total number of apps to 1.4M—a jump of 15% over the same period in 2019.

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  20. Dec 10

    A new 60-unit development in a Colorado is creating permanent housing for veterans experiencing homelessness. 40% of the project's units are also designated as fully accessible. More:

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  21. Dec 10

    Tune in to ’s hearing on and its future to hear key perspectives on what is at stake:

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