Does the Government Use Private Money Lenders to drive Economic Development in Opportunity Zones? And What Is the Emergency Capital Investment Program (ECIP)?
The U.S. government collaborates with private lenders to drive economic development in cities and rural areas, primarily through programs that incentivize private capital to underserved regions. Key initiatives include: 1. State Small Business Credit Initiative (SSBCI): The SSBCI, reauthorized under the American Rescue Plan with $10 billion, provides flexible