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.
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Large-scale meat packing plants have become one of the nation’s hotspots for contracting coronavirus, leading to temporary closures of major meat factories as workers fall ill.
The Federal Reserve System is the central bank of the United States. It was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system. In addition to regulating economy, the branches of the Federal Reserve perform economic research, including information about COVID-19.
While most states are slowly reopening parts of their economies, and adjusting to the ‘new normal’, there are still a handful of states and territories that have chosen to remain closed.
Framed against the background of the AIDs crisis of the 90s, the characters of Jonathan Larson’s hit musical RENT declare in the opening number that, “Everything is rent.” Today, the economic circumstances caused by COVID-19 is bringing this truism to light, as tenants’ financial ability to inhabit the spaces in which they live and work are challenged, portending major shifts in local economies.