Story perspectives

US Drafts “Next New Deal” to Fund Universities, Foundations

8/7/2026

Summary

Story summary

The United States could launch a Next New Deal to channel investments into universities, community foundations and state/local governments.
Universities would receive research and technology funding and design regional innovation programs.
Over 900 community foundations could act as civic catalysts to distribute stimulus capital and expand nonprofit capacity.
A stimulus from 2029-2032 could be much larger if a progressive government wins the 2028 election.
The plan lists six vital roles.

History

Historical Context

In June 1933, President Franklin D. Roosevelt signed the National Industrial Recovery Act, creating the Public Works Administration and launching massive federal-local construction and research programs. Those New Deal partnerships, which employed millions and funded university projects, set a precedent for today’s proposal to route the 2029-2032 stimulus through universities, community foundations, and state governments.

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Story summary

The United States could launch a Next New Deal to channel investments into universities, community foundations and state/local governments.
Universities would receive research and technology funding and design regional innovation programs.
Over 900 community foundations could act as civic catalysts to distribute stimulus capital and expand nonprofit capacity.
A stimulus from 2029-2032 could be much larger if a progressive government wins the 2028 election.
The plan lists six vital roles.

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