ISSUE 112 | June 23, 2021

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From Around the Region and the State Economic and Policy News

NEPA’s residential real estate market attracting buyers  Anecdotal reports from real estate professionals indicate strong demand for homes, along with rising home prices. Data confirms these increases during the COVID-19 pandemic, suggesting enhanced migration (more people moving into the region). Greater availability of remote work and the high cost of living in many large cities likely contribute to this reshuffling. Click here to read the full article Region needs talent development, attraction, and retention initiative The global coronavirus pandemic has had a devastating and unprecedented impact on economies and labor forces across the United States. Prior to that impact, Northeast Pennsylvania had already been struggling with economic challenges such as: low wages shortages of skilled workers difficulty attracting and retaining talent It is important that community stakeholders begin to develop a strategy to address these challenges while accounting for any long-term economic effects from the pandemic.  Click here to read the full article Water quality testing reveals high rates of PFAs  Widespread testing of both well water and public water systems in Pennsylvania show higher combinations of perfluoroalkyl and polyfluoroalkyl substances (PFAs) than recommended by the federal government. PFAS are found in items such as nonstick cookware, fast food wrappers, and carpets. They can cause cancers and other health issues, and were deemed to be toxic more than a decade ago.  Click here to read the full article

From Around the Nation and the Globe Economic and Policy News

Municipal finances jeopardized while need for public services increases Municipal revenue is highly susceptible to fluctuations in wages and taxes. COVID-19 heavily impacted municipal tax revenue, and the damage may continue for years. Despite these challenges and uncertainties, cities must maintain or expand services while ensuring equitable delivery. Click here to read the full article Health care gaps pervade communities of color The COVID-19 pandemic illuminated major health care gaps in communities of color. These gaps may be closed by building trust in the medical system and improving various facets of patient care. Two health care professionals explored these issues in a recent PEW podcast.  Click here to listen Michigan county using cannabis tax revenue to fund equity initiative Washtenaw County officials recently approved a budget amendment allowing marijuana tax revenue to support the county’s Racial Equity Policy. The revenue is likely to generate more than $200k annually. The Board of Commissioners also passed resolutions condemning racially restrictive covenants and recognizing Juneteenth. Click here to read the full article

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