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How would you rebuild our post-pandemic economy?
business innovation financial industry economy economic innovation
$1,600
top 25
65
submissions
DONE
15 months ago
Small pic economy 2

The COVID-19 virus has changed virtually everything about how our society and government function. Millions are out of work, unable to attend school in person or are struggling with the disease firsthand.

2020 quickly shifted from a period of sustained economic growth to an economic decline, unlike anything the United States has seen since the Great Depression. The necessary economic recovery will require purposeful policy-making and perhaps some tough decisions on priorities in the years ahead. 

The U.S. government’s response to COVID-19 has generated a massive spike in annual, federal budget deficits and the national debt – over $26 trillion in total debt and growing – but it was a necessary response. What makes this new reality difficult is the path budget deficits were already on, with trillion-dollar deficits projected every year of the next decade and beyond. Up-and-coming generations of Americans will be the ones facing the greatest impact of large increases in the national debt.

Prior to the pandemic, The Concord Coalition worked with others to craft a fiscally-responsible economic growth agenda, focusing on five topics on which actionable reforms could likely be enacted in the near term: workforce training, research & development, immigration, healthcare, and Social Security. At that time, a collaboration between the political parties toward change on those issues seemed within reach but the pandemic and partisanship have now likely made agreement and action more difficult. That is where you come in. This MindSumo challenge is meant to help Concord adapt that economic agenda to the new environment created by the COVID-19 pandemic and the resulting fallout.


To learn more about Concord, subscribe to our NEWSLETTER.

This project was funded in part by grants or donations from:

The Richard C. Munroe Foundation
Retired Ambassador George Bruno
Brad Cook, Shareholder and Attorney, Sheehan Phinney
Former New Hampshire Senator Daniel E. Innis
Angie Lane, Executive Director of Red River Theaters
Adam Lord, CPA, Penchansky & Co.
Attorney Alexandra Sosnowski
Alex Talcott, Co-Host, Aggressive Passive Podcast on Real Estate
Andrew York, Financial Advisor, Edward Jones

Ongoing support for The Concord Coalition is provided in part by a generous grant from The Peter G. Peterson Foundation.

Deliverables

First, you MUST read the fiscally-responsible economic growth agenda (found here). Then, tell us what you would change by answering the following questions in detail:

  1. In addition to the five priorities listed in the linked publication above, what additional policy areas should be considered as we rebuild an economy that works for everyone?
  2. What areas of reform or investment should be the highest priorities, whether they are among the five already listed in our agenda or not, and why?
  3. How would you market and message an agenda like this in order to achieve measurable change on the issues?
    1. Think about campaigns/policies that currently catch your attention and the best ways to express the need for change or need to find solutions on certain issues. What will make an impact on not only your generation but the generations before and after you?

CRITERIA:

  • Please provide any research, such as data, studies or white papers, that support your recommendations.
  • For part of your answer, here's a potential template for making an evidence-based recommendation or change to Concord’s economic growth agenda:
    • “Given the challenges presented by _______ and the opportunities presented by __________, an evolving and growing economy should also include efforts to __________. According to studies by ___________, methods to achieve such changes could include ___________. Please see attached links/documents in support of my findings and recommendations.”
    • Due to Concord’s emphasis on fiscal and economic policy, making a direct connection to those topics is recommended and will certainly increase the chance of receiving prize money.
    Submissions will be graded on the following criteria:
  • Practicality (achievable and affordable; capable of attracting support from both major political parties)
  • Comprehensiveness (answering deliverables with recommendations supported by research and data)
  • Relevance (among policy ideas generally discussed today or creative new ideas)
Reward Tiers
5 Winners
will receive $200 each
20 Honorable Mentions
will receive $30 each
Leaderboard
$200.00 S Carnegie Mellon University
$200.00 N
$200.00 Square pic 60 njphotoshootjanelle Liberty University
$200.00 Picture?width=160 Arizona State University
$200.00 A Arizona State University
$30.00 Square pic 60 flower aesthetic University of California, Irvine
$30.00 R
$30.00 A
$30.00 A
$30.00 C University of New Hampshire
$30.00 Square pic 60 eddy Ibero American
$30.00 Square pic 60 wheat field University of Virginia
$30.00 Square pic 60 img 20191023 132801 477
$30.00 Square pic 60 img 20181003 wa0001 University of Manchester
$30.00 R
$30.00 Square pic 60 img 0044 square Georgia Institute of Technology
$30.00 J
$30.00 A
$30.00 Picture?width=160 ETEC
$30.00 Square pic 60 self portrait ink  1 Penn Foster
$30.00 M
$30.00 Square pic 60 ms.k
$30.00 M
$30.00 C
$30.00 Picture?width=160 2 grau completo
Submission questions