As in other economic downturns, the pandemic has reduced state and local revenues, but this time is different. This Q&A examines the fiscal impact that COVID-19 has had on state and local governments and is drawn from the Brookings Institute's paper, "Fiscal Effects of COVID-19."

Restaurant owners took their case for more pandemic relief to Congress, asking a House panel to quickly approve tax credits to retain workers and update equipment before they are forced out of business during the economic downturn.

The U.S. economy's recovery from the virus-induced recession will get much harder, with more permanent job losses unless there's additional fiscal support, Federal Reserve Bank of Atlanta President Raphael Bostic said.

Rende Progress Capital selected two more loan recipients to receive funding from its RACE4Progress COVID-19 small business relief fund. The firm's loan committee selected a pair of Latinx-owned businesses to receive undisclosed sums from its RACE4Progress loan fund created to help "excluded entrepreneurs" grapple with the economic impact of COVID-19.

After months of bracing for financial challenges amid the coronavirus pandemic, local communities are getting a big boost in federal funds to help fill in any budget shortfalls. Cities and townships across St. Clair County, as well as the county itself, are receiving thousands through the Michigan Treasury.

This tool uses a variety of data sources to track Washington state's economic recovery and resiliency. It displays the latest available data on employment, businesses, government assistance programs, and consumer behavior, helping monitor the economic impact of COVID-19 across the state.

A "Monte Carlo" feasibility study of Florida's proposal to build three major toll roads concludes that the plan is financially risky and that there's little data demonstrating a need for them. The 330 miles of new roads will run through highly environmentally sensitive areas of the state and run the risk of encouraging sprawl, says the Sept. 16 multi-part study by Cornell Consulting.

Tennessee has allocated $55 million in federal coronavirus relief funds for agriculture and forestry businesses in the state. The funds were provided to businesses in the form of grants through a newly established Coronavirus Agricultural and Forestry Business (CAFB) Fund to help stabilize the food supply chain and agribusiness economy.

CDFA-PFM Capital Markets Webinar Series: Pricing Private Activity Bonds in Complex Capital Stacks
October 8, 2020 - 2:00 - 3:30 PM Eastern

CDFA // BNY Mellon Development Finance Webcast Series: Manufacturing Bonds for Disaster Response
Tuesday, October 20, 2020 - 1:00 PM Eastern

Traditional sources of capital ranging from philanthropy to private equity to banking institutions have demonstrated a strong interest in investing in a more diversified, resilient food system. To better understand and capture the capital needs of current operators in the regenerative value chain during the COVID-19 pandemic, Croatan Institute and Thread Fund conducted original research focused on the livestock and grain sectors in the spring and early summer of 2020.

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