Confronting near-term budget challenges, state and local governments are under tremendous pressure to focus on immediate needs at the expense of long-term investments. Michael Greenstone and Adam Looney highlight four policy principles for state and local governments with an emphasis on the importance of infrastructure investments for economic growth and prosperity.
Eduardo Engel, Ronald Fischer, and Alexander Galetovic propose a series of best practices for state and local governments to follow when using public–private partnerships to provide infrastructure.
Matthew Kahn and David Levinson propose a reorganization of our national highway infrastructure priorities to preserve, maintain, and enhance existing infrastructure and the creation of the Federal Highway Bank to meet these goals.
Andrew Ang and Richard Green propose the establishment of CommonMuni, a not-for-profit advisory firm designed to reduce borrowing costs for municipalities by overcoming the difficulty individual municipalities and investors have coordinating with one another.
This paper proposes the creation of a “mobility bank” at a government cost of less than $1 billion per year to help finance the residential moves of U.S. workers relocating either to take offered jobs or to search for work, and to help them learn more about the employment options available in other parts of the country.
This paper proposes three solutions to bring jobs to distressed areas: customized job training programs for businesses and employees, advice and consulting services through the Manufacturing Extension Partnership program, and a package of grants for local services and tax breaks through a reformed and revitalized Empowerment Zone program.
When hit by recessions or other economic shocks, some communities have persistently low rates of economic growth that cause them to fall behind the rest of the country. The recovery period for these distressed communities is longer and more painful than necessary. To address this situation, The Hamilton Project proposes a three-pronged approach: attract businesses to distressed areas, invest in displaced workers, and match workers to jobs.
June’s employment numbers highlight that our economic recovery is not yet on solid footing. An analysis by The Hamilton Project digs into the regional distribution of these unemployment trends and finds that, by one measure, the five hardest-hit states are Alabama, Delaware, Colorado, Georgia, and Utah.
Akash Deep and Robert Z. Lawrence propose an affordable federal instrument that could mitigate the adverse impact of tax-revenue shocks on communities by allowing them to buy tax-base insurance.
State and local governments provide most of the funding for critical infrastructure systems, but spending has declined over the last 50 years.
Employment gaps created during the 1980-1982 recessions still remain today.
The hardest hit counties in the 1980-1982 recessions differed dramatically from the hardest hit counties in the Great Recession from 2007-2009.
The hardest hit counties during the 1980-1982 recessions experienced sharper per-capita income declines during the recessions, as well as slower growth following the national recovery.
Hamilton Project scholar Doug Elmendorf testified before the Senate Banking Committee on possible policies for tackling the mortgage mess.
The Project released new discussion papers and hosted panel discussions on housing and credit markets. The first panel explored ways to reform low-income housing assistance, while the second focused on innovative mortgage ideas to help protect consumers.
The Hamilton Project hosted a discussion on what the government can do to foster market-based solutions to major risks. Markets that could potentially mitigate or reduce some of the biggest risks faced by the American people and their broader communities are nonexistent or underutilized.
The Hamilton Project hosted a conversation on proposed policy responses to the mortgage-foreclosure problem. Many Americans now owe more on their mortgages than their homes are worth; however, which policies provide the most effective remedy to the problem remains unanswered.
Full audio of Panel 2: "Tools for Efficient State Investment" from the event State Roads to Economic Recovery: Policies, Pavements, and Partnerships.
Full audio of Panel 1: "Building the Next Economy in Today’s Fiscal Climate" from the event State Roads to Economic Recovery: Policies, Pavements, and Partnerships.
State and local governments provide most of the funding for critical infrastructure systems, but spending has declined over the last 50 years.
Michael Greenstone discusses looming decisions for state and local budgets at The Hamilton Project and Metropolitan Policy Program event State Roads to Economic Recovery: Policies, Pavements, and Partnerships.
Metropolitan Policy Program Director Bruce Katz on the pressures facing states to rebalance their budgets and transform their economies at the State Roads to Economic Recovery: Policies, Pavements, and Partnerships Hamilton Project and Metropolitan Policy Program event.
McKinsey & Co. Associate Principal Tyler Duvall on difficulties with public-private partnerships at the State Roads to Economic Recovery: Policies, Pavements, and Partnerships Hamilton Project and Metropolitan Policy Program event.
Former Governor Ed Rendell (D-Pa.) on the necessity of government investment at both the federal and state level at the State Roads to Economic Recovery: Policies, Pavements, and Partnerships Hamilton Project and Metropolitan Policy Program event.
Employment gaps created during the 1980-1982 recessions still remain today.
The hardest hit counties in the 1980-1982 recessions differed dramatically from the hardest hit counties in the Great Recession from 2007-2009.
The hardest hit counties during the 1980-1982 recessions experienced sharper per-capita income declines during the recessions, as well as slower growth following the national recovery.
A periodic newsletter of events, policy briefs, and working papers from The Hamilton Project.
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