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Market-Based Solutions to Vital Economc Issues

Economic Development

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Join NCGrowth, the North Carolina African American Heritage Commission and the Conservation Trust for North Carolina to explore how economically mindful heritage placemaking is taking shape in Black communities across the country.

Apr 14, 2021

The Global-K Recovery

The 2020 COVID-fueled economic downturn generated what has been referred to as a "K-shaped" recession, with both big losers (such as restaurants and the hospitality sector) and big winners (such as high tech and online retail). In this Kenan Insight, we explore how a nascent K-shaped recovery will likely affect U.S. businesses and households.

Co-hosted by the North Carolina Office of the US Economic Development Administration and the North Carolina Outdoor Recreation Industry Office at the Economic Development Partnership of North Carolina, NCGrowth’s Blueway Guide provides communities the tools they need to leverage waterways for economic development and increased quality of life. Speakers will include outdoor industry businesses, economic development professionals and community leaders.

Black Communities Conference 2021 will be a vibrant, virtual gathering featuring roundtable discussions, collaborative sessions, films, book talks and more. Our core mission is to foster collaboration among Black communities and universities for the purpose of enhancing Black community life and furthering the understanding of Black communities.

During the past 40 years, the income gap between top and bottom earners has expanded exponentially, with the top 1% controlling about 20% of national income and the bottom 50% holding less than 13%. In this Kenan Insight, we examine the role of two factors contributing to regional inequalities in the U.S and Europe: job automation and telecommuting.

Mark Little, executive director of CREATE, was recently profiled in an article by Rice University, his alma mater. The article highlights Little’s varied career and collaborative approach to his work.

Considerable scholarly analysis and media attention has documented the racially disparate impact of coronavirus infections, hospitalizations, and deaths. Constituting 13 percent of the general population, Blacks reportedly account for 25 percent of those that have tested positive and 39 percent of the COVID-related deaths in the United States.

On January 20, Joseph R. Biden, Jr. will become the 46th president of the United States. In this Kenan Insight, we look at what the Biden administration might mean for the economy and business activity in 2021, including what Biden's highest priorities are, what we can expect in both his and Congress's first 100 days and what we can learn from the divisiveness of the elections and the January 6 attack on the Capitol.

We study the impact of widespread adoption of work-at-home technology using an equilibrium model where people choose where to live, how to allocate their time between working at home and at the office, and how much space to use in production. A key parameter is the elasticity of substitution between working at home and in the office that we estimate using cross-sectional time-use data.

The arrival of two approved COVID-19 vaccines provides a clear path to the end of the pandemic that held most of 2020 hostage. But a recent resurgence of the virus and skyrocketing rates of infection indicate that a full return to normalcy—including the pre-pandemic work environment— is still months in the future. In this Kenan Insight, we examine the relevant factors that will determine when and how we go back to the office.

American Indian communities face a growing housing crisis, compounding long-standing social and economic challenges. In this Kenan Insight, we examine the structural and historic factors that underlie the current lack of affordable housing, and identify several promising options for both addressing the immediate crisis and improving the broader economic situation for tribal communities.

The ways in which media news is slanted can shape beliefs about the economy, thereby affecting the decision to start a new business. Using exogenous variation in the introduction of Fox News Channel across US counties, I find that increased exposure to a pro-Republican slant during a Republican administration is positively associated with new firm creation.

Our Economic Development Experts

Jeanne Milliken Bonds

Professor of the Practice, Impact Investment and Sustainable Finance, UNC Kenan-Flagler Business School

    Maryann P. Feldman

    S.K. Heninger Distinguished Professor of Public Policy and Professor of FinanceFaculty Director of CREATE

    Jim Johnson

    William R. Kenan Jr. Distinguished Professor of Strategy and Entrepreneurship, Director of the Urban Investment Strategies Center 

    Mark Little

    Executive Director, CREATE

    Centers & Initiatives

    Urban Investment Strategies Center

    Assessing demographic and economic trends in order to prescribe policy that leads to prosperity for the urban disadvantaged.

    NCGrowth

    Helping businesses create good jobs and helping communities create sustainable and equitable opportunities for their people.

    CREATE

    Helping to create a future where economic growth is more equitably shared.