<!– State Economic Development Bulletin <!– <!– Latest News <!– <!– State Fiscal Recovery Fund Spending (National Conference of State Legislatures). The Coronavirus State Fiscal Recovery Funds (CSFRF) provide flexible funds to states that can be used to assist with longer term economic recovery. The CSFRF provided $195.3 billion to states and the District […]

  <!– State Economic Development Bulletin <!– <!– Latest News <!– <!– Rethinking Industry Clusters with EDA American Rescue Plan Programs (Brookings). The way that many states and regions think about and define “target industry clusters” makes it almost impossible to act strategically. Few have set themselves up to deliver what the U.S. Economic Development […]

  <!– State Economic Development Bulletin <!– <!– Latest News <!– <!– EDA Launches American Rescue Plan Act Grant Programs (U.S. Economic Development Administration). Under the American Rescue Plan, EDA was allocated $3 billion in supplemental funding to assist states and communities in economic recovery from the coronavirus pandemic and building economies that will be […]

  <!– State Economic Development Bulletin <!– <!– Latest News <!– <!– U.S. Job Openings Rise, Underscore Hiring Difficulties (Bloomberg). U.S. job openings rose to a record high in May, underscoring persistent hiring difficulties and reflecting more vacancies in the health care, education, and hospitality industries. The number of available positions climbed to 9.21 million […]

  <!– State Economic Development Bulletin <!– <!– Latest News <!– <!– Employment Higher in all 50 States (Bureau of Labor Statistics). Nonfarm payroll employment increased in all 50 states and the District of Columbia between April 2020 and April 2021. The largest job increases occurred in California (+1,302,100), New York (+1,029,800), and Texas (+1,007,100). […]

  <!– State Economic Development Bulletin <!– <!– Latest News <!– <!– How States Can Address Capital Access with SSBCI 2.0 (SSTI). The American Rescue Plan Act authorizes a $10 billion State Small Business Credit Initiative (SSBCI). This funding is unlike other small business assistance programs authorized during the pandemic emergency as it specifically provides […]

  <!– State Economic Development Bulletin <!– <!– Latest News <!– <!– State Funding Breakdown for American Rescue Plan Act (Rockefeller Institute). After a year of fiscal uncertainty, state and local governments are receiving resources through the American Rescue Plan Act that will allow them to close budget gaps and restore services that were lost […]

Latest News SSBCI 2.0 Delivers $10 Billion to State Finance Programs (Council of Development Finance Agencies). The American Rescue Plan Act of 2021 includes funds to support the relaunch of the State Small Business Credit Initiative (SSBCI). The reauthorization of SSBCI is a major step forward in recognizing the economic challenges faced by underserved communities […]

Latest News What to Watch in the 2021 Stimulus Proposal (SEDE Staff). The American Rescue Plan proposed by President Biden and currently being considered in the U.S. House would provide $1.9 trillion in economic relief. While the proposed $1,400 stimulus checks and the national vaccination plan are getting most of the headlines, the plan has […]

Latest News Trends for 2021—and Beyond (McKinsey & Company). Businesses have spent much of the past nine months scrambling to adapt to extraordinary circumstances. While the fight against the COVID-19 pandemic is not yet won, with a vaccine in sight, there is at least a faint light at the end of the tunnel—along with the […]