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.
On June 29, IEDC hosted a webinar session for economic developers to share insights on ways to amplify and direct funds toward investment in small businesses. The panel offered examples from loans, grant programs, and the management of CARES Act funding in their respective communities.
While activity from teams in national leagues does provide a much needed positive economic impact for their cities, it may be surprising for many to learn that the changes to national sports leagues playing seasons will not have as much as an economic impact as the changes to college sports.
Continued job loss and the lack of a coordinated government response have created income instability that is likely to result in large numbers of evictions for low-income renters, especially people of color.
The COVID-19 pandemic is cementing broadband access as a fundamental precursor to local economic development, as the economic shutdown forced businesses, schools, and hospitals to move online. New approaches to funding provide hope for underserved communities.