Trump’s ‘New Deal’ really could help revive urban America

由Lyneir理查森
2017年2月4日,
市长, 州长, economic development officials and minority entrepreneurs should be excited about the possibilities of President-elect Trump's "美国黑人新政." While the granular specifics of Trump's plan have yet to be formulated, here are four ways that it can deliver results for Americans, 特朗普的胜利, 以及投资者的回报:

市长, 州长, economic development officials and minority entrepreneurs should be excited about the possibilities of President-elect Trump’s “美国黑人新政.” While the granular specifics of Trump’s plan have yet to be formulated, here are four ways that it can deliver results for Americans, 特朗普的胜利, 以及投资者的回报:

  1. 对内城投资的税收优惠. Research conducted in 2015 by the Economic Innovation Group indicates that a majority of members of Congress in both parties support a plan of targeted tax incentives to invigorate struggling urban communities. By helping to unlock and unleash hard to find equity and predevelopment capital that’s needed to do deals, these policies can allow investors and entrepreneurial residents to create business alliances that would improve distressed urban areas.
  2. Updated 1031 timing rules to spur real estate investment: IRC Section 1031 allows real estate owners to postpone paying tax on capital gains on property sales if the proceeds are reinvested. 目前, 1031 requires designation of a replacement property within 45 days of the date of disposition of the relinquished property. If you fail to designate replacement property in writing within this time period, 整个交易将失败.For investors to properly designate replacement property, 1031 should be amended to specifically allow an additional 45 days for investment in properties situated in distressed urban areas. 通过做出这个改变, 投资者将有更多的时间来发现, 评估, 以及寻求市区重建的机会. 这将鼓励和加速城市再投资, as property owners could sell appreciated vacant property and commercial buildings, 实现的利润, and be incentivized to use the cash proceeds to reinvest in densely populated areas where there’s a high concentration of poverty.Economic development officials around the country are frustrated by old boarded-up buildings in the hearts of their 城市 because owners want to avoid paying capital gain taxes. An update of the 1031 rules and requirements would be a solution to this dilemma, and would introduce multi-party benefits consistent with Trump’s vision.
  3. Dequity for inner city entrepreneurs: To stimulate the growth of new businesses, 创造就业机会, 改善社区, and allow the government to share in the resulting fiscal upside, 应建立城市影响公平规划.Dequity is a term used to describe financing that’s structured with the benefits of debt and equity. It provides investors with both fixed income and profit participation, 接受者可以获得低成本的债务. (Dequity was the financial arrangement that the federal government had with the auto industry in 2009, 它为两党带来了积极的结果.在内陆城市, dequity could come in many forms – including early stage capital to catalyze new business formation and real estate projects; loans that can be subordinate to senior debt; seed money micro loans for new business ventures that offer extended, interest-only repayment periods; and workforce training dollars for entrepreneurs who operate businesses in distressed urban areas.

    Along with the above listed business benefits that dequity can stimulate, it can also bring about such social impact benefits as reduced crime and urban neighborhood stabilization.

  4. Federal disaster designation for blighted areas: Federal disaster designation for abandoned homes, 学校年久失修, 破旧的道路, and obsolete industrial buildings could jump start new urban infrastructure projects (and good paying construction jobs) across America.在城市和内环郊区, federal disaster designation for contaminated sites and factories that require funding for environmental remediation would also 创造就业机会, in addition to new areas for development and expansion of inhabitable land.

President-elect Trump has the right idea with his “New Deal” for urban renewal. 获取输入, 指导, 以及来自当地民众关于如何规划的想法, 发射, and implement it will increase the chances of success for its intended beneficiaries as well as its implementers.

的评论 琳尼尔·理查森是 of The Center for Urban Entrepreneurship and Economic Development (CUEED), a research and practitioner-oriented center at Rutgers Business School in Newark, NJ. He’s the former CEO of Brick City Development Corporation, where he had overall responsibility for real estate development, 中小企业服务, 以及纽瓦克的商业吸引力, NJ. 在他在砖城工作之前,Mr. Richardson was vice president of urban development at General Growth Properties, Inc. where he led the national initiative to bring quality shopping centers to ethnic neighborhoods in large U.S. 城市. 在推特上关注他 @LyneirRich.

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