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.
IEDC sends condolences to those communities already impacted by Hurricane Zeta, the Category 2 storm that has killed at least two people and cut power to more than 2 million utility customers across the South. Many of these communities are still struggling to recover from other weather events this year. Zeta is the 27th storm of the Atlantic hurricane season, which is one less than the record for the most storms in a season.
Ruston is a college town of almost 22,000 in Lincoln Parish, Louisiana, and the home of Louisiana Tech University with a student body of about 17,000 students. On April 25th, 2019, an EF-3 tornado with winds as strong as 165 mph tore through northern Louisiana. Ruston suffered immense devastation as the tornado passed directly through the middle of the city, leaving severe damage to homes, businesses, and several facilities owned by Louisiana Tech. The wreckage of the tornado highlighted the importance of the role that development planning has not only for economic prosperity, but also for hazard mitigation and resilience.
"Barriers to opportunity are often treated as a result of individual failure rather than consequences of the long history of discriminatory practices such as occupational segregation, mass incarceration, discrimination in hiring and promotion, and the weakening of other forms of worker protections."
On Friday, October 16, IEDC hosted a webinar and annual conference session addressing long term resilience in the face of multiple crises. The session addressed the road to recovery as disasters meet, particularly how to address natural disasters in the midst of a global pandemic and nation-wide recession. The session included a presentation from Mickie Valente, president of Valente Strategic Advisors and a panel discussion between economic development professionals from around the country. Attendees were welcomed by Dennis Alvord, Deputy Assistant Secretary for Economic Development & Chief Operating Officer.