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.
The world is facing unprecedented times in the fight against COVID-19. With global pandemics -- as with natural disasters -- it is a challenge to determine when and where they may occur. This is why, in preparation for all disasters, it is crucial that economic development organizations (EDOs) be ready to act upon their economic recovery plans.
When COVID hit with vigor in March, the country ground to a halt struggling to understand this virus and all its implications. Many of us in the economic development world were sent home to sit at our desks and try to hash out how this would affect our local economies. In Pueblo County, Colorado, a taskforce was quickly formed, first to discuss what might be done to lessen the impact of the COVID-19 shutdown, then to take determined and data-driven action.
On November 10, NCGrowth hosted a webinar called Communities Strike Back, which highlighted examples of community-driven solutions for economic recovery from COVID-19. Experts from the Economic Development Administration, the International Economic Development Council and NCGrowth discussed how communities are keeping their small business afloat, taking advantage of shifting commute patterns and using technology to make long terms shifts toward resiliency.
At the height of the pandemic, Melbourne was subject to strict public health measures. The business community within the City of Casey, a local government on the south-east edge of Melbourne, responded with innovation to maintain connections with their customers. This is how they did it and what lessons they learned along the way.