Contrary to the common mantra, the biggest help has come from the central government. To combat the effects of COVID, the need to renew infrastructure, the climate crisis and bring back production from abroad, the Biden administration and Congress have poured trillions of stimulus dollars into the economy. It worked.
The result is record high government debt. This could have been acceptable if interest rates were low, but paying it back later could lead to losses. But this is left by both the political parties for another day or generation.