“The Milken Institute commends the creation of Trump Accounts, previously known as Invest America Accounts, and the expansion of Opportunity Zones included in the final passage of the reconciliation package. These key provisions will advance economic mobility for all Americans,” said Michael Piwowar, EVP of Finance at the Milken Institute. “Trump Accounts will build financial security for the next generation of Americans through $1,000 government-seeded investment accounts. As highlighted in the Milken Institute’s recent report, The Economic Impact of Invest America Accounts, this type of investment will create opportunities to boost early wealth building, increase financial literacy, and bolster overall economic mobility. The bill’s enhancement of Opportunity Zones reinforces them as a critical development tool for forgotten, undercapitalized communities by spurring investment in job-creating small businesses and fostering long-term economic growth through improved access to capital. The Institute looks forward to working with Congress to further strengthen the provision by securing additional predevelopment funding, such as the State and Community Dynamism Fund, to ensure more private funding flows to contracts in rural and low-income communities.”
In its role as a global, nonpartisan, nonprofit think tank, the Milken Institute has launched an initiative called Investing in Europe’s Competitiveness. Its aim is to develop actionable steps to...
