Regional Economic Recovery and Resilience Toolkit
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Ashqar, Huthaifa et al. "Regional Economic Recovery and Resilience Toolkit". Virginia Tech. https://cece.vt.edu/content/dam/cece_vt_edu/economic-recovery-in-virginia/Regional%20Economic%20Recovery%20and%20Resilience%20Toolkit.pdf
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Abstract
The COVID-19 pandemic had significant unprecedented impacts on the nation as a
whole. In Virginia, the ensuing statewide shutdown in March of 2020 resulted in
sharp increases in unemployment rates, decreases in spending and tax revenues,
business closures, and many other major changes in economic conditions. This
event highlighted existing vulnerabilities and the importance of resilience in Virginia
communities. Resiliency has often been defined as the capacity to recover quickly
from shocks or difficulties, such as the pandemic. A resilient economy that can
bounce back depends not only on employers, but on all members of its
communities. Now, as Virginia progresses on the journey to economic recovery,
communities must keep this in mind and be intentional in their efforts to rebuild.
The increased disparities for vulnerable populations, barriers to access, inclusivity,
equity, and meaningful communication all need to be addressed in the ongoing
recovery planning processes and problem-solving.