In light of the current COVID-19 pandemic, we recorded a very unique episode of the Economic Development Secrets Podcast featuring Paul Scheuren, Principal and Economist at Impact DataSource. This episode is a follow up to last week’s discussion about how consumer spending is changing during the coronavirus lockdown. Paul discusses how communities can assess sales tax revenue in light of impacted consumer spending.
Check out last week’s podcast episode (here) where Paul discusses how consumer spending helps us illustrate what is happening to the economy. He describes what types of spending we expect to go down, up, or be put off during the current lockdown and how it may be impacted during future recovery.
Follow the link below to check out Impact DataSource’s new COVID-19 Consumer Spending app that helps economic developers analyze these trends in their local economy.