RestoreYourEconomy is your resource for up-to-date information related to COVID-19 and its economic impacts. It is managed by the International Economic Development Council (IEDC) with generous support from the U.S. Economic Development Administration and IEDC's Economic Development Research Partners program.

If you have a resource or example of an effective strategy in your community that would be helpful to other EDOs in responding to COVID-19, let us know using the Contact Form to share your story. 

By Colton Campbell, IEDC Intern

When disaster strikes the United States, minority and poor communities inevitably bear the brunt. With COVID-19 the disparities are clear. Minority populations are less likely to have access to good health care and more likely to be working frontline jobs. Now, as Texas warms back up from the last couple weeks of freezing temperatures and utility grid stresses, it begs the questions of how disadvantaged groups were affected by the storm compared to the more affluent, and if there is something that can be done to address these issues that happen time and again.

Success in economic development is measured differently by many different economic development organizations. While some publish the number of new jobs created, others emphasize business expansion successes or the number of businesses attracted within a time period. Because of these different approaches, the metrics of economic development remains an intriguing topic for practitioners and researchers. 

Nowhere on the globe has been exempt from the coronavirus. In Australia, the pandemic hit just as local economies were beginning to recover from widespread bushfires. Economic Development Australia has been a leader in encouraging colleagues to consider how to support local businesses throughout a disaster. 


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