The American Heritage® Dictionary of the English Language, 4th Edition
adj. Relating to both the east and west coasts of the United States, as:
adj. Traveling frequently between coasts as part of a business or living arrangement: "the early generation of bicoastal airline commuters” ( Elizabeth Mehren).
adj. Located or developed chiefly along the two coasts: a bicoastal economy.
adj. Of, pertaining to, or concentrated on two coasts, often specifically the Atlantic and Pacific coasts of North America.
n. A person who lives near two coasts.
Word Usage
"And those of us who are old enough to remember what the economy was like in the 1970s and the long gas lines, what it was like in the 1980s when we had the so-called bicoastal economy and my state and Senator Harkin's state had double-digit unemployment in county after country --"