Akron, Ohio's 鈥渟hop local鈥 app has created half a million dollars of economic activity since it launched last summer. Now, Boston wants to capture some of that magic.
The 15-Minute City, an urban concept in which all basic needs can be satisfied with a 15-minute walk or bike ride, is catching on in the U.S. as an indirect reaction to the pandemic.
The economic impact of the pandemic has created an opportunity for the federal government to reconsider its traditional responses to poverty and unemployment.
When a winter storm knocked out water service to tens of thousands of Mississippi residents, it was Black families that were hit hardest鈥攁nd who organized their own relief efforts.
Research suggests the economic impact of COVID-19 could be more than two times larger for Black- and Hispanic-owned businesses than for White-owned enterprises.
Because of their unorthodox ownership structures, cooperatively owned businesses don鈥檛 fit neatly into most lenders鈥 boxes. So one group decided to build their own source of funding.
In an effort to counteract displacement in racially diverse neighborhoods, Seattle鈥檚 Equitable Development Initiative invests in community-led projects that aim to keep longtime residents in their neighborhoods.
Businesses owned by people of color are particularly vulnerable to the economic impacts of COVID-19. So this year, consider ditching the big corporations and opt for patronizing these small businesses instead.