There is no historical parallel for the economic collapse the coronavirus is inflicting on economies around the globe. In just 3 weeks, 16 million Americans have joined the rolls of the unemployed, representing more than half the jobs created after the 2008 Great Recession. The impact of the outbreak on small businesses is particularly acute.
Tag: economic growth
In the previous century, America’s legacy cities experienced massive population growth, becoming centers of innovation known around the world. This status was then followed by rapid population decline, as a result of a shifting global economy. But even as many American communities struggled to adjust to the changing economic winds, many remain and have become
This is a guest post by Jeff Marcell, senior partner with TIP Strategies, Inc. Some 725,000 people live in the City of Seattle. As impressive as that number sounds, it is dwarfed by the fact that Seattle’s metropolitan area, as defined by the US Census Bureau, includes a whopping 3.9 million residents. You can do
This is a guest post by Councilmember John Holman of Auburn, Washington. There is a good likelihood that you are an elected official from a first tier suburb. An older, less-used term is ring suburb. Simply put, if your city is influenced by a large, urban, metropolitan area, chances are you are one of us.
Whether you’re a newly elected official or an experienced hand, learning from fellow city leaders and building a best a practices toolkit is part of the job. And at the National Black Caucus of Local Elected Officials (NBC-LEO) 2018 Summer Conference, best practices are the name of the game. Hosted in Hollywood, Florida, this July
Picture this: overgrown fields lush with green grass and weeds after three weeks of rain; a crumbling concrete gate lined with barbed wire and barricades; abandoned office buildings with blacked out windows. Dozens of red-bricked houses built in a style that reads more 1800 than 2020. This is Fort McPherson, a former military base in
The Cost of Crisis-Driven Fiscal Policy, a study conducted by Macroeconomic Advisers on behalf of the Peter G. Peterson Foundation, finds that the uncertainty created by the on-going short-term spending bills and perpetual brinksmanship around the debt ceiling has pushed the unemployment rate 0.6 percentage points higher than it would otherwise have been this year.
Editor’s Note: This is the second in a series of blog posts on Jim Brooks’ trip to Japan with the The Council of Local Authorities for International Relations (CLAIR) Fellowship. The Japanese local government perspective on global outreach is a simple one. They believe that the key to economic prosperity is a greater focus on
Business attraction has been and continues to be an essential part of economic development for many communities. In the context of difficult political, economic and fiscal realities, have economic attraction strategies changed? I put this question to a group of economic development professionals on the networking site LinkedIn. Surprisingly, most noted that although recruitment strategies
It isn’t new news that the United States lags in broadband adoption and download speeds. The United States was one of the world leaders on broadband penetration in the 1990s, ranking fourth among other developed and developing nations. But by 2006, the U.S.’s standing slipped drastically, according to the Organization for Economic Co-Operation and Development,