Center for Regional Economics and COVID-19

Supertitle
COVID-19

Center for Regional Economics and COVID-19

Headline
Regional collaboration, particularly among state and local policy makers, is key to meeting the economic needs of communities affected by the pandemic.

Regional Collaboration Is Key

The Center for Regional Economics has designed a response and recovery framework to help policymakers understand the benefits of regional collaboration for mitigating specific economic challenges and supporting broad-based recovery. We have focused on improving systems for allocating capital to the hardest-hit sectors of the economy, particularly small businesses. We are also guiding business owners on the proper course of action for protecting their economic health and that of their employees. 

50%

Small businesses employed approximately half of US workers before the pandemic.

$
349
billion

Congress appropriated $349 billion toward small business loans in March

1,800

The US Small Business Administration has a network of at least 1,800 approved lenders that process small business loans and intends to add more