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, evaluating the impact of federal funding from the American Rescue Plan Act, and providing recommendations for improved policy coordination. Additionally, the committee will explore the potential formation of a new legislative committee dedicated to economic development and strategies for measuring the impact of such initiatives.

To ensure a comprehensive and informed study, the Urban Affairs 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 facilitating a more coordinated and proactive legislative role in shaping Nebraska's economic landscape post-pandemic.