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Economic Developers and Resiliency Planning

Posted on by Dale Kroop

At a meeting of the Economic Development Committee at the Greater New Haven (CT) Chamber on March 11th, we were grappling with the impacts of COVID-19, before the first US death. In just 18 days later there have been over 2,000 deaths plus tens of thousands of infected people. Communities are shutting everything down, businesses are closing, over 100,000 people in CT have filed for unemployment insurance and our community businesses including local and regional sectors are devastated, and that’s in little over a 6+ weeks! Nobody knows when things will turn around, but most agree it won’t be anytime soon.

I can’t imagine the anxiety that small businesses have regarding the impact of COVID-19 on their business operations. I can’t believe how fast 100,000 people lost their jobs in CT. No matter what industry they are in, it will impact their bottom line, their employees, and perhaps their very survival.

Our chief elected officials at every level are managing a health care and economic crisis. There are hundreds of emails out there telling us about the health issues, how to work remote, where to borrow money, etc. The incoming information is voluminous and changes daily.