WEDC Sec. Hughes Outlines Impact Of COVID-19 On State`s Economy, Complexity Of Recovery


WEDC Sec. Hughes Outlines Impact Of COVID-19 On State`s Economy, Complexity Of Recovery


Hughes Stressed That Wisconsin Remains In The Middle Of An Outbreak

Wisconsin Economic Development Corporation (WEDC) Secretary and CEO Missy Hughes briefed lawmakers Thursday on the ongoing effects of the COVID-19 pandemic on Wisconsin`s economy, saying the impact has been "as broad as possible."

"This is not a tornado or a flood that has touched down in one of our small towns or one of our counties where then we can dive in and understand the impact and act on it as quickly as possible," Hughes said. "Every community in Wisconsin was impacted." 

Hughes stressed to lawmakers that the best way to restart the economy is to control the virus. But she acknowledged that Wisconsin is far from that point, saying the state remains in the middle of its coronavirus outbreak.

"No one expected on July 30, let alone June 30, that we would still be really essentially not moving towards a strong recovery yet," Hughes said. "So we need to be thinking about that, and we need to be continuing to assess this."...

   ...more

Ken Notes: I used the analogy of trying to access the damage while still in the eye of the hurricane... We will not know the total extent of the damage until Covid 19 passes which could be a while. I want to make sure we have resources then to fix the real damage... As for now we need to call an economic time out...

Share this article on your social outlets



Our Sponsors
- - Volume: 8 - WEEK: 32 Date: 8/6/2020 8:34:23 AM -