Blog

The short answer is "Yes, but..." Some people are leaving cities due to the coronavirus, but the buzz around a virus-caused metro exodus masks a real trend driven by rising costs. 

As communities across the U.S. face challenges brought on by the COVID-19 crisis, economic equity leaders affirm that Black and Latinx workers and families are disproportionately impacted. Not only is the health and well-being of this population being inordinately affected by the pandemic, but they are also experiencing increased economic precarity.  

As the United States experiences a critical shortage of Personal Protective Equipment (PPE) including respirators, and other medical supplies used to combat COVID-19, China is cornering the global medical supply market accounting for half of the world’s exports of PPE. While U.S. companies ramped up production from mid-March, concerns are being raised about U.S. self-sufficiency in producing pandemic related medical supplies.

On July 13th, IEDC hosted a webinar entitled Preparing for the Next Wave of Investment: Re-shoring and FDI. It  provided insights on strategies to attract reshoring companies.