Stimulating Recovery for Impacted & Disadvantaged Businesses
As policymakers decide how to invest ARP funds in their jurisdiction, stimulating local business recovery is often a top priority. In order to ensure an effective and equitable recovery, it is important to begin by assessing the local landscape to understand the disproportionate ways in which local businesses have been impacted and why. Some businesses may be facing a temporary downturn in consumer demand, due to a shift in preferences or concerns over COVID-19 safety; others may need support accessing capital, relief funds, or covering payroll costs to compensate for the lost revenues.
Determining the specific barriers that local businesses face will allow policymakers to define target outcomes and choose policy interventions most suitable to their local context.