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Published, Version of Record (VoR)Open Access (License Unspecified), Open Access
Published, Version of Record (VoR)Open Access (License Unspecified), Open
Report
Averting a Lost Decade: Rethinking an Inclusive Recovery for Disadvantaged Neighborhoods
01 Jun 2022
DOI:
https://doi.org/10.17918/00010517
Abstract
As the United States emerges from the COVID-19 pandemic, it is becoming increasingly clear that cities are entering a period of deep economic uncertainty and adjustment. The pandemic and other forces accelerated a series of disruptive dynamics, including remote work, e-commerce, and the digital transformation of health care, education, and business. Taken together these dynamics challenge the re-centering of metropolitan economies around robust downtowns that has been underway since the turn of the 21st century. The pandemic also exacerbated the shift in ownership of urban properties towards institutional and other investors and altered the landscape for small businesses, both in general and Black and brown-owned small businesses in particular. Despite positive signs of entrepreneurial dynamism, minority owned businesses remain overly concentrated in low-wage, low-growth sectors and are disproportionately likely to have fragile finances.
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Details
- Title
- Averting a Lost Decade: Rethinking an Inclusive Recovery for Disadvantaged Neighborhoods
- Creators
- Bruce J Katz - Drexel University, Lindy Institute for Urban InnovationMary Ellen Wiederwohl - Accelerator for America (United States, Los Angeles)
- Publisher
- Nowak Metro Finance Lab, Drexel University; Philadelphia, PA
- Number of pages
- 22
- Resource Type
- Report
- Language
- English
- Academic Unit
- Nowak Metro Finance Lab; Lindy Institute for Urban Innovation
- Other Identifier
- 991021902315404721