The resolution proposes an interim study to be conducted by the Urban Affairs Committee of the Nebraska Legislature, aimed at enhancing the state's approach to economic development and innovation in the wake of the Covid-19 pandemic. The study will focus on identifying key public and private partners involved in long-term economic development, assessing current and emerging challenges and opportunities, and evaluating the impact of federal funding from the American Rescue Plan Act. Additionally, it will explore ways to improve policy coordination among legislative committees and consider the formation of a new committee dedicated to economic development.

To ensure a comprehensive understanding of the issues at hand, the committee will engage with a variety of stakeholders, including state agencies, economists, business leaders, labor representatives, local governments, and community organizations. Upon completion of the study, the committee is tasked with reporting its findings and recommendations to the Legislative Council or the Legislature, thereby informing future legislative efforts in economic development across Nebraska.