New Markets Tax Credit (NMTC) Program Evaluation: Final Report (Research Report)
|Viewing 1-5 of 83. Most recent posts listed first.||Next Page >>|
The New Markets Tax Credit (NMTC) program encourages investment in low-income areas by providing tax credits to private investors through certified Community Development Entities (CDEs) that invest in businesses and real estate projects for economic and community development purposes.
This first formal evaluation of the NMTC program is national and program-wide in scope. Information collection was limited to projects initiated as of December 2007. In its early years, the NMTC program operated as intended-encouraging investments in low-income areas for a diverse range of projects. The most prevalent results were provision of advantageous financing, real estate development, additions to local tax bases, and job creation or retention. NMTC projects also added to or expanded community amenities, services, and facilities and supported small businesses and organizations. Outputs and outcomes varied by project, as did the need for a public subsidy and project viability.
Read Executive Summary
Evidence-Based Policymaking Requires a Portfolio of Tools (Testimony)
|Posted to Web: November 21, 2013||Publication Date: April 15, 2013|
Policymaking is a messy, iterative process, with many opportunities for evidence to inform and strengthen decisions. Instead of relying on a single tool, policymakers and practitioners should draw from a "portfolio" of tools to advance evidence-based policy effectively. The Urban Institute's portfolio includes microsimulation models, random controlled trials, analysis of public administrative data, performance measurement, and qualitative methods including site visits, interviews and "alpha testing". To match today’s broad array of policy questions, there exists an equally broad array of credible evidence-gathering techniques.
Social Impact Bonds: Testimony before the Committee of the Whole Council of the District of Columbia (Testimony)
|Posted to Web: August 01, 2013||Publication Date: August 01, 2013|
Social impact bonds (SIBs) inject private-sector capital into public-sector activities for improved outcomes and innovation. Private investors fund interventions that are uncomfortably risky or expensive for the public sector. If established performance targets are met, investors are rewarded with the profits. Otherwise, the government does not pay for the services delivered. In the SIB model everybody may win: investors leverage resources for potential profit and provide a socially beneficial investment, while the government gets private-sector investment for a new intervention. We believe that Bill B20-125 is insufficient to support SIBs in the District of Columbia.
Opportunities for Police Cost Savings Without Sacrificing Service Quality: Reducing Fuel Consumption (Research Report)
|Posted to Web: June 06, 2013||Publication Date: June 06, 2013|
Police vehicles burn a great deal of fuel while patrolling continuously. Various approaches have been proven to significantly reduce the amount of fuel used and its cost. Hybrid vehicles typically get two-three times higher mileage per gallon than conventional vehicles and have proven viable for policing, in many cities, including New York. Computers in vehicles that reduce trips back to stations, fuel-saving driving techniques (such as reducing idling), good vehicle maintenance (such as maintaining proper tire pressures), use of on-line reporting and other strategies such as community policing that require fewer vehicle trips also can reduce fuel consumption.
Opportunities for Police Cost Savings Without Sacrificing Service Quality: Reducing False Alarms (Research Report)
|Posted to Web: April 12, 2013||Publication Date: April 12, 2013|
In many cities, false alarms from home and business security systems number in the tens of thousands each year, waste millions of dollars of officer time, and detract from attention to reducing crimes. Options are presented on ways to substantially reduce the effects of such false alarms and the police responses to them. We analyzed experiences of Montgomery County, MD; Seattle, WA; and Salt Lake City, UT, which reduced false alarms by 66-90% and saved 10-30 police officer-years annually.
|Posted to Web: January 07, 2013||Publication Date: January 07, 2013|