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Dear John, Tomorrow, May 12, 2021, from 2:00 -2:30 p.m. EDT, the U.S. Treasury Office of Community Engagement will host a briefing with state and local business leaders the discuss the launch of the American Rescue Plan Act’s Coronavirus State and Local Fiscal Recovery Funds program, which is scheduled to deliver $350 billion in emergency funding for eligible state, local, territorial, and Tribal governments to help turn the tide on the pandemic. The Treasury Department’s Chief Recovery Officer Jacob Leibenluft and White House Coronavirus Response Coordinator Gene Sperling will provide an overview of the program and discuss how funding is accessed, eligible uses, and reporting requirements. The registration link can be found below. | |
Treasury is launching this much-needed relief to: - Support urgent COVID-19 response efforts to continue to decrease spread of the virus and bring the pandemic under control
- Replace lost revenue for eligible state, local, territorial, and Tribal governments to strengthen support for vital public services and help retain jobs
- Support immediate economic stabilization for households and businesses
- Address systemic public health and economic challenges that have contributed to the inequal impact of the pandemic
The Coronavirus State and Local Fiscal Recovery Funds provide substantial flexibility for each government to meet local needs—including support for households, small businesses, impacted industries, essential workers, and the communities hardest hit by the crisis. These funds can also be used to make necessary investments in water, sewer, and broadband infrastructure. | |
