How can place-based initiatives be part of a strategy for an equitable recovery? COVID-19 and its economic fallout have worsened economic inequalities across the country and across demographic groups. Before the pandemic, regional growth was to a large extent concentrated in a small number of prosperous metro areas, mostly on the coasts. This growth has caused a housing crisis in these communities. At the same time, distressed areas have fallen into deeper decline. Early indications are that the pandemic is likely to worsen these trends. The panelists discuss what policies might hasten and deepen the recovery of distressed areas. They also discuss how to help spread both overall growth and high-tech growth more broadly across America’s communities as we recover from the pandemic.
July 16, 2020
W.E. Upjohn Institute for Employment Research, Penn Institute for Urban Research, and Federal Reserve Bank of Philadelphia
ECONOMIC DEVELOPMENT; Local labor markets; Regional policy and planning; Urban issues
Bartik, Timothy J, Simon Johnson, Mark Muro, and Susan Wachter. 2020. "Place-Based Strategies." Presented at a Federal Reserve Bank of Philadelphia webinar on July 16, 2020.