Tactical Guide: Municipal Economic Development Funding

The economic impact on local governments is already manifesting, with significant financial shortfalls and “many communities likely to lose 10 percent or more of the revenue they would have seen without the pandemic.”

It is increasingly clear that current means of funding city-level economic development will no longer be sufficient to meet the needs in the current and post Covid-19 induced economic environment.  

Bloomberg Associates (BA) and RDG, a Convergent Company have identified new and innovative funding sources, currently available but often underutilized by cities. We encourage city leaders to investigate these opportunities to fill funding gaps.