1、CRS INSIGHT Prepared for Members and Committees of Congress INSIGHTINSIGHTi i Federal Economic Development and COVID-19 Recovery: Issues and Policy Options February 2, 2021 States and local governments traditionally lead U.S. economic development efforts, with the federal government selectively inte
2、rvening to address significant need. However, the 2019 Coronavirus Disease (COVID-19) pandemic has caused pervasive social and economic dislocation and extreme subnational fiscal stress, straining existing federal economic development structures. This Insight examines current federal economic develo
3、pment policy and outlines various options for addressing a potentially lengthy pandemic recovery, or future such long-term challenges. Federal Economic Development and COVID-19 The nationwide scope and protracted time horizon of the COVID-19 pandemic has challenged the existing economic development
4、infrastructure at all levels of government. This system is not designed or arguably equipped to address scenarios in which otherwise unusual distress is endemic, and state and local governments are acutely constrained by both the scale of the crisis as well as fiscal limitations. The Federal Approac
