Capitol Gains

Capitol Gains lives with cutting edge thinkers on community development, public finance and transparency in how decisions are made, policy is enacted and projects are funded. Twice a month we chat with a doer, a thinker or a convener of people who are moving the ball forward in the realms of people and finance. Each episode starts with a theme or a trend that most of us are aware of and we try to take it to a new level of how it impacts where we live, work and play. You are a civic-minded person, a policy wonk, in finance or a civil servant and we hope you leave us with new ideas.

Off the Cuff w/ Zoila Jennings

In recent years several foundations have taken the lead in incubating new ideas around equity, environmental justice and U.S. community finance. One team that has taken a unique look at public finance and quietly and effectively changed the way municipalities approach health and outcomes is the Robert Woods Johnson Foundation. One of the impact project managers that is part of the team doing this is Zoila Jennings. We had the opportunity to sit down with Zoila and chat all things impact and learn a little bit more about what motivates her. Whether it is CDFIs as an asset class or liberation theology - we've got you covered in this week's Off the Cuff. This episode was edited by Adam Linder of Bespoken Podcasting. Enjoy!

10-28
19:38

Off the Cuff w/ Calandra Cruickshank

Capitol Gains features people moving the ball forward with one-on-one discussion in Off the Cuff. Today we look at data science, GIS and economic development with Calandra Cruickshank. Her company, Statebook, is moving the ball forward on these fronts. We discuss the evolution of the internet, the value of company relocation stats and learning to fly. You can read specific reports from her firm here.

10-18
14:21

Taking the High Road

In this episode of Capitol Gains, hosts Matt Posner and James McIntyre sit down with University of Wisconsin-Madison Professor Joel Rogers, a leading advocate for high road development. They explore how local governments can foster equitable growth through sustainable infrastructure, workforce development, and democratic participation. Joel shares insights on the challenges cities face when financing resilience projects and how to break down silos between finance, resilience, and other departments to create long-term solutions. You can learn about the EPIC Network here. Listeners will learn about the critical role of local governments in building resilience and tackling issues like state preemption laws that limit municipal action. Whether you're interested in urban governance, climate resilience, or community finance, this episode offers a hopeful vision for the future of local economies and governance. This episode was edited by Adam Linder of Bespoken Podcasting.

10-15
33:59

Off the Cuff w/ Shayne Kavanagh

This is Off the Cuff, a periodic interview with doers, thinkers and conveners when it comes to the world of community finance. Here, we keep it short and lively to get to know the people behind the big ideas shaping our shared future. Shayne Kavanagh is head of research and development at the Government Finance Officers Association - a very large membership organization of government finance officers in the Americas. This group helps institute any number of best practices and policies that serve as the backbone to community finance. Shayne has quietly reshaped local government as it pertains to financial matters for over two decades. We hope you enjoy getting to know him as much as we did.

10-10
15:53

We Are All Green Banks

In this episode of Capitol Gains, hosts Matt Posner and James McIntyre explore the pivotal role Community Development Financial Institutions (CDFIs) are playing in driving the clean energy transition. As CDFIs shift from their traditional focus on affordable housing and small business lending, they are stepping up to help deploy billions of dollars from the Greenhouse Gas Reduction Fund (GGRF) under the Inflation Reduction Act. Joining the discussion is Oswaldo Acosta, CEO of City First Enterprises, who shares insights on how CDFIs are uniquely positioned to democratize access to the green economy. Acosta explains how CDFIs, with their deep community ties, are bridging the equity gap in clean energy finance, ensuring that historically underserved communities can benefit from the clean energy revolution. Throughout the episode, listeners will hear about the challenges and opportunities CDFIs face in scaling up for this new role, including developing innovative financial products, navigating federal regulations, and building partnerships with commercial banks and private investors. The views expressed are solely those of the hosts and do not necessarily reflect the views of their employers or other associated parties. Adam Linder of Bespoken Podcasts edited this episode.

09-24
42:47

Off the Cuff w/ Kim Olsan

Welcome, to a fresh, quick-take episode of Capitol Gains — our "sub-pod," if you will, titled Off The Cuff. If you've tuned in before, you know Capitol Gains usually dives deep into the waters of community development, public finance and the intersection of deep thinking and muni bonds, but today, we're taking a different approach: light, unfiltered, and off the cuff. This mini-cast is all about keeping things lively, with less of the usual industry jargon and more real talk with the people who navigate these complex arenas. We'll bring you unscripted, honest conversations with experts, insiders, and maybe even a few outsiders, too. Today, we're thrilled to have Kim Olsan, a senior fixed income portfolio manager at New Square Capital. She discusses the recent transition to the buy-side, which is where her career began, and we cover much of the in-between. Kim's handled our curve ball questions deftly and left us somewhat humbled. Thanks for joining the show!  Adam Linder of Bespoken Podcasting edited this episode.

09-19
13:33

Off the Cuff w/ James Pruskowski

Welcome, to a fresh, quick-take episode of Capitol Gains — our "sub-pod," titled Off The Cuff. If you've tuned in before, you know Capitol Gains usually dives deep into the intricate waters of community development, public finance and the intersection of deep thinking and muni bonds, but today, we're taking a different approach: light, unfiltered, and off the cuff. This mini-cast is all about keeping things lively, with less of the usual industry jargon and more real talk with the people who navigate these complex arenas. We'll bring you unscripted, honest conversations with experts, insiders, and maybe even a few outsiders, too. Today, we're thrilled to have James Pruskowski of 16Rock Asset Management. James is a name that's echoed through the halls of Wall Street for decades, especially if you've traded municipal bonds. From his roots in New Jersey to his transformative career at BlackRock, James has seen it all and then some. He’s here to give us a glimpse behind the curtain of his storied career, and we might even throw in a few curveball questions to keep things interesting. Adam Linder of Bespoken Podcasting edited this episode.

09-12
14:10

Closing the Capital Gap

Capital flows in, and out, of our communities is the principal topic for this episode of Capitol Gains. Race and rurality are the two most influential vectors, all else being equal, when reviewing the many community reports Brett Theodos of the Urban Institute has written. Co-hosts James McIntyre and Matt Posner spend time with Theodos in this episode to dig into the data behind what drives a community to thrive and to better understand the reasons for why they don’t. That data can be a powerful tool when considering how to grow a local economy or maintain a community’s well-being in a fast changing landscape in America. Join us as we delve into better understanding the places we live through a capital flows data-centric perspective in the episode. A review of one of his Capital Flows report is here while Theodos has been focused on developers of late and you can view that work here. The views expressed are solely those of the hosts and do not necessarily reflect the view of their employers or other associated parities. Adam Linder of Bespoken Podcasting edited this podcast.

09-10
34:10

Investing in Equity

In this episode of Capitol Gains, hosts James McIntyre and Matt Posner chat with Homero Radway, senior analyst at Activest, about the role of fiscal justice in promoting racial equity and community investment. Drawing from his extensive financial background, Homero explains how data-driven strategies can hold financial issuers accountable and drive systemic change. The discussion covers how investing in fundamental needs like income, housing, and healthcare can enhance community resilience, the impact of structural racism on credit ratings, and successful community-centered initiatives, such as California’s Baby Bonds and Flint’s grassroots projects. Homero also introduces the Fire Fund, designed to improve capital access in marginalized communities, and shares his vision for a more equitable financial future. Our guest's own podcast, Raising Rebels, is a great listen. Adam Linder of Bespoken Podcasting, edited this podcast. The views expressed are solely those of the hosts and do not necessarily reflect the views of their employers or other associated parties.

08-27
38:26

Paying the Preemptive Price

In recent years, tensions around race and culture in the U.S. have intensified, revealing deep divides that often manifest through state preemption of local laws and regulations. The relationship between different levels of government is a hallmark of America's unique approach to governance. When functioning effectively, it can surpass the more centralized systems seen in Europe and elsewhere. However, the growing trend of states overriding local rules—particularly in ways that amplify political divides—remains a critically underexplored aspect of our national discourse on race and culture. Our guest today, Amy Liu of the Brookings Institution, is deeply familiar with these dynamics. She joins us to delve into the theory behind state preemption, providing concrete examples from recent history that highlight its detrimental effects on the economic vitality and social cohesion of our diverse nation. Liu also offers thoughtful strategies for addressing and mitigating the impact of state preemption, emphasizing the significant costs we bear as a society when these power struggles go unchecked. There are two reports we mention in this episode. They are: Remaking Economic Development, and Why State and Local Relationships Matter. This episode was edited by Adam Linder of Bespoken Podcasting.

08-13
35:32

On Borrowed Time

These days, there isn't a lot that can happen without a form of insurance. From buying a home, hopping in an Uber, using public WiFi, to investing in a mutual fund - insurance is everywhere. Weather-related events are increasing in size and frequency around the country and this is making property insurance unaffordable for many, which causes a lot of problems many may not be fully considering. This trend does not appear to be getting any better and the larger implications are not pretty. Joining the podcast for this episode is the Environmental Defense Fund's Carolyn Kousky to discuss why elected officials, policy-makers and the insurers themselves have been unable to solve for this problem. Dr. Kousky sets the stage for how we got to a point where major insurance companies are declining to do business in many parts of the country and offers some realistic ways to address the problems at hand. As we are apt to do, Capitol Gains takes a look at climate change through a financial lens we all can appreciate - insurance and our pocket books - and takes a look at it from the community finance angle. The report we mention in the episode can be read here. The views expressed are solely those of the hosts and do not necessarily reflect the views of their employers or other associated parties. Adam Linder of Bespoken Podcast edited this episode.

07-29
35:59

Voted Out

Former Congressman Ben McAdams talks about his past and present and opines on the future of community finance given the hyper-partisan nature of national politics. The views expressed are solely those of the hosts and do not necessarily reflect the views of their employers or other associated parties.

07-12
32:09

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