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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As the United States experiences a critical shortage of Personal Protective Equipment (PPE) including respirators, and other medical supplies used to combat COVID-19, China is cornering the global medical supply market accounting for half of the world’s exports of PPE. While U.S. companies ramped up production from mid-March, concerns are being raised about U.S. self-sufficiency in producing pandemic related medical supplies.
On July 13th, IEDC hosted a webinar entitled Preparing for the Next Wave of Investment: Re-shoring and FDI. It provided insights on strategies to attract reshoring companies.
Black and Latino people are three times as likely to contract the virus and two times as likely to die from it.
COVID-19 has caused massive lay-offs and furloughing across the country, but the pandemic has also created shortages and employment opportunities that did not exist before. Several cities and municipalities around the country are trying to solve these two issues by creating a ‘COVID Corps.'