Economic Mobility Alliance
Invest America Accounts
Invest America Accounts provide universal investment accounts seeded at birth, aimed at helping individuals build long-term wealth and achieve economic security across generations.
Pathways to Capital
Pathways to Capital expands access to capital for underserved communities and entrepreneurs, enabling greater economic participation and growth through the programs listed below.
Pathways to Capital Programs
Initiative for Inclusive EntrepreneurshipInitiative for Inclusive Entrepreneurship removes barriers and offers essential support to entrepreneurs from underserved communities, fueling economic dynamism and job creation.
Inclusive CapitalismInclusive Capitalism includes the historically Black college and university (HBCU) program dedicated to supporting HBCU graduates pursuing careers in asset management.
10,000 Communities10,000 Communities drives investments and resources into local communities to support sustainable economic growth and resilience.
Financial Innovations Labs
Financial Innovations Labs develops creative solutions and scalable innovations to tackle complex financial challenges and broaden economic participation.
FinTech, Entrepreneurship, and Innovation
FinTech, Entrepreneurship, and Innovation employs cutting-edge financial technology to empower entrepreneurs and expand financial inclusion.
Veterans Community Initiative
Veterans' Community Initiative delivers tailored resources that enable military veterans to successfully make the transition into civilian careers.
Lifetime Financial Security
Lifetime Financial Security helps individuals better prepare for retirement, addressing the critical challenges of saving and investing effectively.
The IFC–Milken Institute Capital Markets Program
The IFC–Milken Institute Capital Markets Program develops human capital in emerging economies by educating mid-career government finance professionals and providing them with a lasting network; to date, we have supported 300 fellows across 65 nations, two-thirds of whom are in Africa and 50 percent of whom are women.
The World Bank–Milken Institute Public Financial Asset Management Program
The World Bank–Milken Institute Public Financial Asset Management Program supports sovereign governments in improving public asset management to drive long-term economic stability and growth.
Geo-Economics, Climate Resilience, and AI
Geo-Economics, Climate Resilience, and AI explores how global economic trends, environmental challenges, and technological advancements interact, developing strategies that enhance resilience and growth.
Economic Mobility Alliance
Most Recent Content
Federal Funding in Doubt? Create New State-Level Ecosystems that Back Community Development Financial Institutions
Earlier this month, the entire staff of the Treasury Department's Community Development Financial Institutions (CDFI) Fund was terminated as part of a large-scale reduction in force.Read ArticleImage
Rachel Reilly
Senior Director, Milken Institute FinanceRachel Reilly is the founder and CEO of Aces & Archers, a strategic advisory and consulting firm focused on addressing socioeconomic inequality by reimagining traditional models for economic growth and private investing.
Investing in the Future – Innovations in Critical Mineral Supply Chains
The world needs minerals found in the Earth’s crust—and lots of them. Their prized properties render them essential. Smartphones use minerals to enable a touch response, emit glow and vibrations, provide high-quality audio and video, and...Read Article
20 Years After Katrina: Rebuilding for Real Resilience
Two decades ago, the levees broke in New Orleans during Hurricane Katrina, and the results broke our hearts. The storm exposed one city’s vulnerability to a hard-charging Category 3 hurricane and tragically upended the lives of the city’s...Read Article
Global Digital Asset Adoption: Asia
Asia is a global proving ground for digital financial innovation, regulation, and adoption. With the world’s largest population—4.9 billion—significant capital heft, and a unique mix of emerging and emerged economies, the region benefits...Read Article
After the Fires, the Fires Still Burn
On January 7, 2025, the Los Angeles metropolitan area experienced something unprecedented in modern American history. Two simultaneous urban fires broke out in Los Angeles County, fueled by a nine-month drought and hurricane-strength winds...Read ArticleImage
Kevin Klowden
Executive Director, Milken Institute FinanceKevin Klowden is the executive director of Milken Institute Finance. He specializes in the study of key factors that underlie the development of competitive regional economies (clusters of innovation, patterns of trade and investment, and concentration of skilled labor) and how these are influenced by public policy and, in turn, affect regional economies both globally and nationally.
The Cost of Policy Uncertainty
Launching and running a small business or startup is as much about managing risk as it is about bringing a great idea to market. Whether you’re opening a small-town bakery or launching a biotech startup, entrepreneurship requires a strong...Read ArticleImage
Kristen Fanarakis
Associate Director, Small Business Policy and InnovationKristen Fanarakis leads the small business policy, entrepreneurship, and innovation initiative within the Milken Institute’s Finance pillar. She focuses on the macroeconomic and systemic trends affecting American small businesses and startups, and the implications for the economy and innovation.
Global Digital Asset Adoption: Sub-Saharan Africa
In Sub-Saharan Africa, FinTech is shaped by youthful demographics and mobile-first populations in search of solutions to bring down costs and accelerate growth. According to the World Bank, Sub-Saharan Africa received $54 billion in...Read Article
Global Digital Asset Adoption: Latin America
There are bold headlines about crypto in Latin America. Countries like El Salvador have made a splash on the crypto scene, with leaders who are moving fast and breaking things.Read Article
Making Workforce Housing Affordable: Breaking Structural Barriers
Redlining was a legally sanctioned practice of denying various services, including access to credit, for people living in specific neighborhoods, usually identified on the basis of race or ethnicity, and primarily in urban communities.Read ArticleImage
Blair Smith
Senior Director, Milken Institute FinanceBlair Smith is senior director at Milken Institute Finance, with more than 20 years of financial services and capital markets experience. He leads the Access to Capital and strategic innovative financing initiatives to enhance economic and social impact.