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Brookings: How the COVID-19 Recession Is Different

Via Brookings.edu. The COVID-19 public health crisis, the downturn triggered by the pandemic, and government, business, and individual responses to the pandemic have all provoked the sharpest and fastest economic downturn in U.S. history. At the depth of the downturn,...

Greater Memphis MSA Market Overview

The Greater Memphis Chamber released its Greater Memphis MSA Market Overview – COVID-19 Edition on July 2, 2020. The report highlights the state of employment for this region and contains several insights: The Greater Memphis MSA has held competitive unemployment...

COVID-19 and labor markets

Via Brookings.edu According to two papers discussed at the Brookings Paper on Economic Activity (BPEA) conference in June, the US job market is recovering, albeit slowly. Businesses are re-opening, but with fewer employees than before the pandemic. One of the papers...

EDGE Board Approves FY2021 Budget

Memphis, Tenn. (June 17, 2020) – The EDGE Board today approved its FY2021 operating budget, representing a $153,000 increase over last year. This year’s budget includes additional funds outlined in Programs and Projects including $250,000 for the NEED Grant...

IRS Extends Opportunity Zone Deadlines

Via The National Law Review. In response to the COVID-19 pandemic, IRS Notice 2020-39 extends several deadlines relating to the opportunity zone program and provides welcome relief for investors and qualified opportunity funds (QOFs). In December 2017, Congress...

COVID-19 Likely to Result in Increased Entrepreneurship Rates

Via Main Street America Despite the more than 40 million unemployment filings and anticipated millions of small business closures that will result due to COVID-19, previous economic downturns suggest that there may soon be ripe opportunities for business start-up...