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.
As communities throughout the country make decisions about schools reopening and online learning, parents are struggling to maintain work while tending to their children. When evaluating the economic crisis brought on by COVID-19, the nation’s already simmering childcare crisis is emerging as the primary obstacle to long term economic recovery. This crisis brings a myriad of consequences, primarily severe economic implications for women and children.
Hurricane seasons alway pose a risk to vulnerable populations - those living in poverty, with health problems, and without access to transportation. But with the recent pandemic, these populations may be at an even bigger risk.
On August 6, IEDC hosted a webinar entitled “Economic Systems after COVID-19: Towards a More Resilient, Sustainable and Inclusive Recovery” where experts discussed the challenges communities are facing in economic recovery from COVID-19 and in ensuring that economic recovery is inclusive and equitable.
Businesses owned by entrepreneurs of color have been particularly impacted by declining revenues introduced by COVID-19. Despite government efforts to provide relief, many small businesses have not received the support they need. Fortunately, Community Development Financial Institutions (CDFIs) have helped fill the gaps that traditional financing systems cannot. CDFIs are mission-driven lenders that serve the communities that too often get left behind, including people of color, returning veterans, new citizens, and more.