Brookings is not a credible source. Remember when they projected there was a demographic demand for housing? Then the 2007-2008 Financial Crisis happened. They didn’t see it coming. Why should I believe anything Brookings? Will you let a bus driver do heart surgery on you?
The Biden administration has instituted several small-scale pilot programs to spur job growth in distressed places, such as the Build Back Better Regional Challenge, the Tech Hubs program, the Regional Innovation Engines program, the Recompete Pilot Program, and the Reconnecting Communities Pilot program. Some larger Biden administration programs with more general purposes may have also helped distressed places. These include legislation to provide state and local fiscal aid (the Coronavirus State and Local Fiscal Recovery Fund), infrastructure investment (the Infrastructure Investment and Jobs Act), and “industrial policy” programs to promote investments in semiconductors and clean energy (the CHIPS and Science Act and Inflation Reduction Act).
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