Economic Development

Move to Berrien County, Michigan, for the Beaches—And the $15,000

Some of America’s shrinking towns are trying to lure remote workers with cash. It’s not going so great.

Feds Reveal Programs For $3B in Local Economic Development Funds

State and local governments will have access to the money, which is flowing from the Economic Development Administration.

Best and Worst States for Job Opportunities

South Dakota tops the list while Kentucky is No. 50 based on an analysis using 35 economic metrics.

The Hemp Boom is Over. What Now?

Farmers facing low hemp CBD prices are storing their plants and hoping to someday sell them for a higher price.

The Government Has Fallen Short on Contracts With Woman-Owned Businesses for Decades

Historic barriers have blocked women-owned small businesses from winning federal contracts, according to a new report.

Looking to Boost Economic Development? Open a Hospitality Department

COMMENTARY | To reap rewards of the remote work revolution, states and cities should not just market to a limited group of corporate executives but to a much broader market of global talent.

Financial Service Providers Focused on Distressed Areas See $1.2B Influx

Community development financial institutions, which operate in low-income and underserved markets, have gained access to record levels of federal funding over the course of the pandemic.

Wish You Were Here: States to Use Federal Funds to Boost Tourism

Governments can appropriate American Rescue Plan dollars to help the travel and hospitality industries rebound from economic devastation brought by the pandemic.

Treasury Says It Has Already Distributed $105B in State, Local Aid

That's about one-third of the total $350 billion available from the American Rescue Plan relief fund for states and localities, which launched less than two weeks ago.

The States and Cities With the Strongest and Weakest Levels of Capital Investment

A new data tool offers a detailed look at how real estate and business loans and other investments vary widely across the country and sheds light on the inequities poorer and minority neighborhoods face.

Report: Black Americans Continue to Face Economic Hardship due to Covid-19

Better educated and older Black adults are faring better than younger, less educated ones who have lost jobs and faced wage cuts at higher rates, making it harder for them to achieve their long-term financial goals, according to the Pew Research Center.

Analysis: All 50 States Experience Historic Personal Income Growth in 2020

The rise in personal incomes nationwide is the biggest in 20 years, and because of the pandemic, can largely be attributed to unprecedented government assistance, according to a Pew report.

Bidenomics Really Is Something New

COMMENTARY | The president is willing to take on political fights that Obama and Clinton considered unwise, if not unwinnable. Will that strategy pay off?

A $4.5B Pool of Economic Recovery Funds States, Localities Can Tap Into

The U.S. Economic Development Administration received an influx of Covid relief dollars over the past year that is more than 10 times the size of its usual budget. That money is now flowing as grants.

Biden Advocates For Sweeping New Federal Investments

The president made the case for his agenda before a joint session of Congress, as he reaches 100 days in office. Many of his proposals have implications for state and local government.

Why States Didn’t Go Broke from the Pandemic

COMMENTARY | The predictions were for a massive downturn in state finances because of COVID-19 but the predictions were wrong.

How the Federal Reserve is Increasing Wealth Inequality

The Fed’s low-interest-rate policies have stabilized the economy and turbocharged the stock market. But those who don’t own lots of stocks haven’t benefited anywhere near as much as those who do.

Ten Questions Communities Trying to Attract Remote Workers Should Ask

COMMENTARY | Local leaders across the country are contemplating how to lure newcomers to their areas to help spur economic growth. Answering questions around funding, stakeholder input and internet access can lead to a well-crafted strategy.

The Wide Gaps Between Minority and White Business Ownership in America’s Cities

A new data tool offers ways to gauge the disparities with businesses in the nation’s largest metro areas. It also includes information on women-owned firms.