ISSUE 207 | May 22, 2023

The Institute is an economic research and applied research and consulting group that provides customized client solutions and strategies to facilitate decision making and planning that enhances growth, impact, and sustainability for organizations.
From Around the Region and the State
Economic and Policy News

PA becomes 38th state to sanction girls wrestling  

In a unanimous vote, the Pennsylvania Interscholastic Athletic Association recognized girls wrestling as an official sport.


It is the fastest-growing sport in the nation.


Participation has increased 80 percent in just one year, and more than 400 percent in the last five years.


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Transit agencies navigate strategies to eliminate operator shortages 

Like transit agencies across the country, Philadelphia’s SEPTA is facing a driver shortage.


In the past year, it has functioned with need for 144 more drivers.


Strategies to combat these employment issues include flexible scheduling, standards for greater operator safety, and partnerships to help pay for CDL courses. 


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City cleanup clears space and repurposes bicycles  

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April’s Philly Spring Cleanup program involved the collection of abandoned bicycles.


Nearly 80 bicycles were tagged for 10 days to confirm their abandonment, and more than 500 were gathered overall.


They were delivered to Neighborhood Bike Works and used to educate people about repair and reuse. 


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From Around the Nation and the Globe
Economic and Policy News

Standardized test scores drop among students nationwide  

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Prior to the pandemic, standardized test scores pointed to struggling education systems nationwide.


Reading and math scores have since declined, and many students have not reached basic proficiency on the “nation’s report card.”


The data should inform academic approaches to student recovery; American Rescue Plan funding requires that 20 percent of allocations to school systems be used for this purpose. 


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Nonprofit helps renters generate equity

The net worth of homeowners is more than 40 times greater than the net worth of renters.


The Renter Wealth Creation Fund is designed help close the gap by allowing tenants to accrue equity as they pay rent, entitling them to payouts if a given apartment building is sold.


Investments of $250,000 million will be used to purchase properties with up to 7,000 apartments and offer cash-back incentives for paying rent on time.

 

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Houston officials improve infrastructure for population influx 

Houston’s population is projected to gain six million residents and double in size in the next 25 years.


Infrastructure improvements, such as the expansion of roads and highways with efficiency and sustainability in mind, are needed to accommodate this change.


The METRORapid University Corridor project, for example, is a planned 25-mile rapid transit bus line.

 

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