COVID-19 is having unprecedented economic, business, and social impacts on all industries. With revenue shortfalls happening at a time when higher spending is needed to preserve public health, safety, and shelter among many other essential services, state and local governments are facing considerable uncertainty. Governments' ability to recover will be dependent on, among other factors, the strategic allocation and prioritization of resources and the concurrent recovery of resident industries. This brief can help governments and their economic development agencies develop and implement a plan for economic recovery.