On March 11, President Biden signed the $1.9 trillion American Rescue Plan Act of 2021 (ARP). The plan eclipses previous stimulus packages in terms of both funding dollars and reach for state and local governments – with more than $350 billion in funding to put toward recovery. While the plan brings new opportunities for communities, it will also involve additional policy considerations and compliance requirements.
As state and local governments, schools and Tribes face the unprecedented opportunity to address critical community needs with ARP funding, public sector officials may be questioning where, when and how to start. Our public sector readiness checklist can help.
One other ARP funding provision is $3 billion to the Economic Development Administration (EDA), which will be distributed by the agency through competitive grants for economic development projects and infrastructure needs. Our EDA grant checklist can help you be ready to apply for a grant as soon as additional application guidance is released.