As a result of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, local governments across the country used millions of dollars in Coronavirus Relief Fund (CRF) allocations to distribute grants to local small businesses and not-for-profit organizations in their jurisdictions. This provided a lifeline to thousands of businesses throughout 2020, helping them stay in operation during the pandemic and providing economic stability within communities. However, this was a substantial undertaking for local governments, requiring a significant management and compliance effort.
Now with the House currently working through another economic relief package, referred to as the American Rescue Plan, this could mean significant relief funding for the public sector. The proposed package includes $350 billion for states, local governments, territories and tribes. This additional funding will be critical to help small businesses and communities continue to weather the pandemic. The House’s goal is to sign the proposal into law by March 14, 2021.
To support the upcoming grant administration fund distribution effort, Baker Tilly’s public sector team developed a tool to help take the burden off your organization with simple and streamlined grant program administration, which includes an online web portal and automated workflow system. As local governments navigate this next phase, consider the following support elements:
Baker Tilly’s public sector team has assisted numerous local governments with grant program administration. Currently, we are using the portal to manage the distribution of over $17 million in funds to small businesses and not-for-profit organizations.
Connect with us for more information or to learn more about how we can help.