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Milken Institute
Economic think tank based in California, US From Wikipedia, the free encyclopedia
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The Milken Institute is an independent economic think tank based in Santa Monica, California, with offices in Washington, D.C., New York, Miami,[2] London,[3] Abu Dhabi, and Singapore. It publishes research and hosts conferences that apply market-based principles and financial innovations to social issues in the US and internationally. The institute is a 501(c)(3) nonprofit organization and presents itself as nonpartisan and non-ideological.
 | This article reads like a press release or a news article and may be largely based on routine coverage. (April 2018) |
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History
The institute was founded in 1991 by Michael Milken, a former Drexel Burnham Lambert banker who gained notoriety for significant financial success as a pioneer of "junk bonds" as well as his subsequent felony conviction and prison sentence for U.S. securities law violations.[4][5]
Research
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The institute has published studies relating to human capital, access to capital, financial structures and innovations, regional economics, healthcare economics and medical research. It hosts a series of conferences including two annual conferences, a variety of financial innovation labs and a series of forums and private events. The Milken Institute Global Conference, first held in 1998, is an annual forum focused on economic and social issues. Speakers include figures from business, finance, government, education and sports. The institute also hosts an annual State of the State Conference, which examines major issues facing the state of California.
Tax policy
The institute has held several events regarding opportunity zones created by the Tax Cuts and Jobs Act of 2017. In May 2018, Treasury Secretary Steven Mnuchin instructed his staff to accept a non-low-income tract in Storey County, Nevada as an Opportunity Zone shortly after attending an Institute event in Beverly Hills with Michael Milken.[6] Milken was already an investor in the Nevada tract.[6] In August 2018, Mnuchin attended an Institute conference on opportunity zones in the Hamptons with Milken and later accepted a flight to Los Angeles with Milken on his private jet.[6] Treasury later issued a regulatory guidance at the institute's request that allows prior investors to benefit from newly designated opportunity zones.[6]
2024 Global Conference
In May 2024, the Milken Institute held its 27th Global Conference in Los Angeles, focusing on topics such as geopolitical tensions, climate change, and artificial intelligence.[7][8] Notable speakers included Javier Milei, President of Argentina; Queen Rania of Jordan; former U.S. President Bill Clinton; Kristalina Georgieva, Managing Director of the International Monetary Fund; and former Prime Minister of the United Kingdom Theresa May. Asha Jadeja, founder of the Motwani Jadeja Foundation, was also a speaker, addressing themes related to India's economic emergence. The foundation was among the sponsors of the event.[9][10][11][12]
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External links
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