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1 month ago | 
brookings.edu | Owen Washburn |Ryan Donahue |Mayu Takeuchi |Joseph Parilla
Between 2021 and 2022, the 117th Congress passed a series of laws totaling nearly $3.8 trillion: the American Rescue Plan Act (ARPA), Infrastructure Investment and Jobs Act (IIJA), CHIPS and Science Act (CHIPS), and Inflation Reduction Act (IRA).
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Nov 21, 2024 | 
brookings.edu | Ryan Donahue |Mayu Takeuchi |Glencora Haskins
“Through their votes, working-class voters expressed that they’re feeling pain,” wrote our colleagues in a post-election analysis. “Americans need and want a policy agenda that uplifts people of all races who have been denied opportunities to gain economic security to advance their well-being.” Indeed, while national unemployment rates have been at historic lows, a growing body of evidence has created a sense of urgency around the “hollowing” of the labor market.
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Sep 23, 2024 | 
brookings.edu | Maya Garg |Glencora Haskins |Mayu Takeuchi |Manann Donoghoe
For over 50 years, a lack of federal investment in critical infrastructure has remained the status quo.
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Aug 22, 2024 | 
brookings.edu | Mayu Takeuchi |Hanna Love
The 2020 murder of George Floyd and subsequent nationwide protests catalyzed a renewed reckoning around the systemic devaluation of communities of color. A diverse range of efforts—from neighborhood teach-ins, to regional rallies, to public commitments by businesses and other institutions—wrestled with complex issues including racially-biased policing, wealth gaps, and health disparities that threaten the country’s promise of equal opportunity, as well as its global standing.
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Jul 19, 2024 | 
brookings.edu | Mayu Takeuchi |Joseph Parilla
Spurred in part by three significant pieces of federal legislation, the U.S. economy is experiencing an investment surge in “strategic sectors” like clean energy, semiconductors and electronics, biomanufacturing, and other advanced industries. Since 2021, companies in these sectors have announced over $525 billion in new investments, a trend that is already having an impact on the broader economy.
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Jun 17, 2024 | 
brookings.edu | Mayu Takeuchi |Joseph Parilla
In October 2023, the U.S. Economic Development Administration (EDA) designated 31 Regional Technology and Innovation Hubs (Tech Hubs). This summer, the EDA expects to award implementation grants of $40-$70 million to each of approximately five to ten of these 31 regional coalitions. The goal: grow innovation clusters that enhance national security, improve supply chain resilience, and bolster America’s position as a global leader in technology.
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Jun 11, 2024 | 
brookings.edu | Glencora Haskins |Julia Bauer |Mayu Takeuchi |Patrick Rochford
Housing affordability remains a central concern for U.S. households. Even as inflation has cooled, interest rates and home borrowing costs have remained high, putting homeownership out of reach for more people and leaving them in an increasingly unaffordable rental market. Surveys have repeatedly demonstrated that American where most indicators are trending positively.
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Jun 10, 2024 | 
brookings.edu | Joseph Parilla |Mayu Takeuchi
The Regional Inclusive Growth Network (RIGN) is a collaborative learning and action network designed to catalyze regional, cross-sector action to advance business norms and practices that unlock more racially inclusive growth.
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Mar 15, 2024 | 
brookings.edu | Glencora Haskins |Mayu Takeuchi |Julia Bauer |Patrick Rochford
This month marks the third anniversary of the passage of the American Rescue Plan Act (ARPA) and its $350 billion Coronavirus State and Local Fiscal Recovery Funds (SLFRF) program, administered by the U.S. Department of the Treasury. State, local, and tribal governments have had three years to appropriate, obligate, and spend SLFRF dollars to address the health, economic, and fiscal effects of the COVID-19 pandemic.
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Mar 5, 2024 | 
brookings.edu | Glencora Haskins |Joseph Parilla |Mayu Takeuchi
Editor's note: This analysis accompanies Metro Monitor 2024, a data interactive that provides decisionmakers in the nation’s 194 largest metro areas with a roadmap to understand how their individual places performed during this period. Anyone who has tuned into the economic news cycle with any regularity over the past three years has heard repeatedly that the U.S. economy is breaking records and beating expectations.
