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New Initiative Aims to Assist Businesses Impacted By Pandemic

A new joint initiative between business leaders on the Peninsula and the Southside has been created to help businesses recover following the negative impact of the covid-19 pandemic.

The idea behind the 757 Recovery and Resilience Action Framework is to guide businesses toward a speedy economy recovery through a series of programs. The 757 Recovery and Resilience Action Framework is focusing on five key components as part of its plan: advance regional infrastructure; build resiliency; grow, retain, and attract talent; grow new jobs; and build regional unity.

Hampton Roads Workforce Council, Hampton Roads Alliance, Hampton Roads Chamber of Commerce, Peninsula Chamber of Commerce, Reinvent Hampton Roads, Civic Leadership Institute, Norfolk State University, Old Dominion University, and others are joining the campaign to help local businesses bounce back. The 757 Recovery and Resilience Action Framework tagline is “Economic Empowerment and Growth For All.”

In addition to recovery, 757 Recovery and Resilience Action Framework hopes to help businesses become more resilient and prepared for future crises. The goal is to build a more resilient economy by increasing diversity and inclusion in the workforce and supply chain; bringing in new industries to the region; providing businesses with more resources to help them better adapt in the face of shock; building regional pride in order to attract and maintain talent; finding solutions to the region’s sustainable infrastructure needs; and more.

757 Recovery and Resilience Action Framework does not anticipate a full economy recovery of the region until at least 2022.

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