Coronavirus Economy Trends: Government

Coronavirus Economy Trends: Government

May 4, 2020 by investor

Hello, this is Hall T. Martin with the Startup Funding Espresso — your daily shot of startup funding and investing.

In the Coronavirus lockdown, we’re seeing trends that will establish the next cycle of startup innovation.

We’ll see the government shift to building out the infrastructure and response programs for healthcare and public safety initiatives, such as building up stockpiles of medical supplies and equipment.

This will include initiatives to establish flexible manufacturing and secure supply chain to build equipment on demand such as ventilators.

The government will declare certain industries as strategically important.

Governments will look to establish safety nets through direct and indirect means.  

There will be a move to provide support for gig workers and other small business workers with a basic income during times of pandemic.

Medicare will update HIPAA laws to allow for the use of commonly used communication tools such as Skype and will allow for Medicare billing for telemedicine.

In education, the government will look to allow homeschooling and online learning for K-12 kids. 

Taxes will most likely rise to cover the costs of these changes.


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Disclaimer:
Hall T Martin is the director of Investor Connect, which is a 501(c)(3) nonprofit dedicated to the education of investors for early-stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon for the basis of investment decisions.

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