Main streets are both economic and social hubs for local communities by providing access to employment, services and goods, and by serving as community gathering points. For example, in Victoria, Australia, Main Streets account for 12% of the state’s jobs and generate over AUD 50 billion in economic value annually.
Going local in a global crisis – COVID-19 has unleashed the worst jobs crisis in a generation. The latest figures from the OECD’s Economic Outlook are striking. Compared to the last quarter of 2019, hours worked fell over 15% in the Euro Area, the United Kingdom and Canada in the second quarter of 2020, and by over 10% in the US.