NORTHWEST ARKANSAS ECONOMIC RECOVERY STRATEGY
To generate such an economic recovery strategy, Heartland Forward (HF) has undertaken an extensive and detailed analysis of the NWA region’s strengths, challenges and opportunities. Our team has arrayed and assessed comprehensive data on its economy and industries, its small businesses and startup ecosystem, talent base, changing demographic composition and quality of place that stems from its arts, culture and recreation efforts and initiatives to develop a robust strategy for post-COVID-19 recovery.
By Ross DeVol, Richard Florida, Joel Kotkin and Dave Shideler
The City of Melbourne & the State launch $100 million city recovery fund that would offer practical support to small and medium-sized business, and the arts and cultural communities.
The city recovery package focuses on outdoor trading, increased marketing, events and entertainment to attract workers and visitors back to the city. Town Hall will also waive permit fees, and the funding will pay for vacant shopfronts to be used for art installations and pop-ups.
The City of Edmonton is launching several environmental rebates and tools focusing on environmental upgrades over the summer to stimulate the economy.
This includes:
- The Building Retrofit Accelerator rebate program facilitates renovations to improve energy efficiency in commercial and institutional buildings.
- A solar rebate program to save up to $4,000 towards the installation of a solar electric system for their home
- A rebate for residential and property owners interested in installing a Level 2electric vehicle charging station
- an electric bike rebate program, which will let Edmontonians interested in buying an e-bike apply for rebates covering 30 per cent of the cost of the vehicle to a maximum of $750.
City of Montreal offers subsidy for construction projects in buildings that house social economy businesses
This subsidy program is accessible to social economy businesses anywhere in the Montréal agglomeration that meet the conditions. Financial assistance includes:
- A subsidy that covers 40% of the cost of eligible construction/renovation/expansion work, up to $250,000
- An additional subsidy that covers 50% of the fees for professional services (architecture, design, engineering, project management, urban planning, archeology or consultants) up to 7.5% of the cost of eligible construction/renovation/expansion work or $50,000
COVID-19: How are governments around the world responding to the call for stimulus?
Governments around the world are acting decisively to protect their businesses and people from the economic disruption being caused by the COVID-19 virus pandemic. Whether through tax cuts, investment incentives or changes to filing deadlines, tax systems will play a significant part in helping to alleviate the financial and economic turmoil that is now occurring.Policy changes across the globe are being proposed and implemented on a daily basis. The EY COVID-19 Stimulus Tracker provides a snapshot of the policy changes that have been announced in countries around the world in response to the ongoing crisis.
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