Finding a long-term place for 'place-based' development strategy
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The Biden administration's major spending bills, including the American Rescue Act, Inflation Investment and Jobs Act, Chips and Science Act, and Inflation Reduction Act, total approximately $3.8 trillion; nearly $80 billion is allocated for place-based economic development programs; Kamala Harris supports large, place-focused grant competitions aimed at revitalizing deindustrialized areas; Donald Trump criticizes deindustrialization but lacks a clear place-oriented policy; bipartisan support for place-based programs like Tech Hubs may continue regardless of election outcome; the election will significantly influence future place-based policies.

#Placebased #EconomicDevelopment #BidenAdministration #Trump #Harris #RegionalInequality #Policy #Election2024 #Infrastructure #Innovation

https://www.brookings.edu/articles/finding-a-long-term-place-for-place-based-development-strategy/