Maximizing Oregon’s Long-Term Benefits from American Rescue Plan Investments
4 Pages Posted: 6 May 2021
Date Written: May 5, 2021
The response to the COVID-19 pandemic and associated stay-at-home orders led to skyrocketing unemployment and other health and social impacts. The impacts have been felt unequally across the economy, with many sectors thriving during the pandemic while others— particularly leisure and hospitality—experiencing widespread job losses. We did not anticipate at the start of the pandemic a year ago that the Federal Government would step up and provide multiple rounds of economic support to mitigate the impact of lockdown and social distancing policies. Despite the heroic efforts of government agencies and community-based organizations, the pandemic daylighted some critical vulnerabilities of our economic system. With funds from the American Recovery Plan (ARP), Oregon has a unique opportunity to make significant innovative, durable, transformational investments. We advocate that state and local governments coordinate to make three or four coordinated investments of $100 Million or more to address areas of pressing need to make lasting, transformative impacts.
Keywords: ARP, American Recovery Plan, Economic Development, COVID-19
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