Economic Development

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.

Learning From the New Deal—For the Next Recovery

If national-level policy, in the Biden era, is now trying to support economic recovery and renewal of left-behind areas, ideas on how to do that, and the experimentations and implementations on getting it done, are largely going to occur at the local level.

Smallest Businesses Will Get Special Window to Apply for Federal Relief Funds

The Biden administration announced the change to the Paycheck Protection Program on Monday, along with other measures to improve access to funding for minority-owned businesses.

Toward a More Inclusive and Resilient Economic Development Paradigm

COMMENTARY | As economic development leaders look for ways to stimulate growth in the wake of Covid-19, they should embrace strategies centered on resilience and inclusivity.

The New Plans to Remake Appalachia’s Economy

Mayors from the region and others want the Biden administration to embrace their proposals for billions of dollars of spending, with a heavy emphasis on clean energy projects, as a way to reinvent the region as coal declines.

Mile-by-Mile, Proposed Nationwide Bike and Foot Trail Sees Progress

Advocates for the trail say there are now over 2,000 miles of segments complete and that more money flowed toward the project this past year.

Two-Decade Push to Build a Grocery in a Food Desert Finally Pays Off

A mix of public and private support has come together to make the project in northeast Oklahoma City possible.

Another Region Offers Remote Workers $10,000—and a Bike!—to Move

Northwest Arkansas will provide a cash incentive and a street or mountain bike to qualified remote workers who relocate to the area.

Report: Amazon Got $741 Million in Tax Incentives to Build 36 Warehouses Around Chicago

STATE AND LOCAL ROUNDUP | Nevada county considers allowing brothels to open for non-sexual escort services … Utah hospitals preparing to ration care … Maine town booms during pandemic.

Pandemic May Alter Big Cities, But Won’t Kill Them, Experts Say

The possibility that mid-sized cities could benefit from shifts in how and where people are working also came up during Route Fifty’s Future Cities event on Monday.

In California, State Lawmakers Propose $100 Billion Stimulus Plan

The proposal calls for offsetting reduced federal unemployment benefits and a program to incentivize early tax payments.

How the End of the Federal Unemployment Boost Will Hurt the Economy

The $600-a-week federal boost in unemployment benefits is set to stop at the end of this month, leaving millions of people to live on substantially less money. Economists say the effects will also be felt throughout the U.S. economy.

One City’s Plan to Help Local Businesses by Funding a Cash Rewards Program

As Akron, Ohio grapples with fallout from the coronavirus, the city is working to launch a mobile app where people will earn “blimp” credits for local purchases. The credits can then be used like currency at other area establishments.

Virus Casts Uncertainty Over City Budget and Economic Development in a Health Care Hub

Like other localities, the coronavirus has Rochester, Minnesota facing questions about both its financial outlook and future economic growth.

How Redlining Decades Ago Set Communities Up for Greater Coronavirus Risk

COMMENTARY | The Valverde neighborhood in Denver—which was once redlined—had the city's highest Covid-19 hospitalization rate.

The Trump Administration Says a New Bailout Program Will Help 35 Million Americans. It Probably Won’t.

Experts from across the political spectrum fear that the Federal Reserve’s new Main Street Lending program won’t reach enough businesses or save enough jobs.

Why a Struggling Rust Belt City Pinned Its Revival on a Self-Chilling Beverage Can

Welcome to Youngstown, Ohio, home of Chill-Can, the self-chilling beverage container you’ve probably never heard of. Officials have gambled millions of dollars and demolished a neighborhood for the product. Not one job has been created yet.

Coastal Towns Weigh Reopening Beaches Before Memorial Day

Towns with economies that rely on summer tourism are anxious to reopen, but leaders don’t know when it will be safe to do so.

Saving Main Street: Why State and Local Governments Are Vital for Its Survival

COMMENTARY | Main Street America is facing its toughest crisis ever as people stay at home to slow the spread of coronavirus. State and local governments need to step up to help businesses stay alive.

State Web Portals Try to Connect New PPE Producers with Desperate Health Care Providers

Online portals are connecting hospitals short on personal protective equipment with local businesses making the items.