AMID THE PANDEMIC CRISIS
RECOVERY FOR SHARED PROSPERITY
This year the Oregon Business Plan combines two imperatives: recovery from the impact of the coronavirus pandemic, and greater shared prosperity as a condition of that recovery.
This imperative rests on four convictions:
1) Recovery from a crisis of this magnitude calls for long-term vision and strategy.
2) We can’t go back to the way things were. The inequities highlighted by the crisis cannot be allowed to continue. And the crisis itself has changed our options and opportunities.
3) Along with challenges, the crisis will yield opportunities we can seize to deliver a stronger, more equitable state economy.
4) Rebuilding economic opportunity and jobs also calls for a transformation in our systems and institutions to improve economic mobility and the social safety net to foster equity, resilience, and agency.
The Business Plan already had plans to look at big trends, assess our economy, sound out sector leaders on their competitive concerns, and identify opportunities for Oregon to achieve greater prosperity and share it more equitably across Oregon’s population and geography. Now, though, that agenda is filled with questions about the best strategies to recover from the recent shutdown, manage through an economic downturn, navigate trends and changes accelerated by the crisis, and rebuild a resilient economy with shared prosperity.
This is uncharted territory, so we’re inviting leaders and thinkers across the spectrum of Oregon life to help us explore it. We’re learning that the pandemic and distancing measures in place are affecting Oregonians in unprecedented ways – loss of life and employment, disproportionate impacts on communities of color, devastation to small businesses, and transition to telework and distance learning.
Framing Issues and Ideas
This year’s Oregon Business Plan policy process is described at right. From May through June we held a number of virtual meetings with public, private, and nonprofit sector leaders to surface issues and ideas, with particular attention to the trends, challenges, and opportunities exposed or accelerated by the pandemic crisis. Now we are transitioning into the Leadership Summit Series Recovery for Shared Prosperity, monthly virtual events of roughly 90 minutes each between now and the end of the year. They replace our live day-long Leadership Summit traditionally held in early December. In these online town hall-style meetings online experts on particular issues will help us frame understanding, choices, investment costs, and trade-offs. We will also be using the sessions to look at the Oregon economy in general as well as more specific issues such as traded-sector industry competitiveness, education, health and health care, economic mobility, and equity and economic opportunity.
The idea of the Summit Series is to take what we’ve learned and shape that knowledge in the form of papers and presentations that we can present later in the series, in the fourth quarter of the year, for wider exposure and discussion among our partners, stakeholders, and policy makers. As in summits past, we want the policy analysis and recommendations produced by the Business Plan to serve as a resource to public officials in making decisions that affect the future of Oregon.
As we shift the Oregon Business Plan to an online format, we welcome an array of community leaders, partners, and stakeholders as in years past. We are offering these events cost free to afford participants more equitable access. And as always, we need and welcome sponsors to help underwrite the work that goes into the process and policy recommendations of the Business Plan. Please follow this link for sponsorship opportunities.
Launch Event, July 28, 2020
Nearly 300 registrants logged in to the July 28 launch event. For those who missed the event or would like to revisit its content, here are links to the full program as well as video segments on our You Tube channel.
Panel: What Shared Prosperity Would Look Like — Shari Dunn (moderator), Rukaiyah Adams, Andrew Colas, and Mark Jackson
Economic Update: The Virus Is Calling the Shots — John Tapogna
Interview: Reopening Issues that Impact Recovery — Sandi McDonough and Craig Smith with Joth Ricci
Interview: Governor’s Perspective on Reopening and Recovery — Gov. Kate Brown with Joth Ricci