What if economic development were done with communities in mind? Our lead story this week comes from an economic developer from Arlington, Virginia, who calls on economic developers to focus on building local community businesses, a strategy he calls “foundational economics.” We also bring you two policy stories—one looks at President Joe Biden’s $1.8 trillion American Families Plan, and the other reports on a recent address from Federal Reserve Chair Jerome Powell to community activists. Lastly, a reader responding to last week’s survey asks us to expand our economic thinking beyond the narrow confines of “gross domestic product.”
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