General

Biden administration releases COVID funds to improve native economies

U.S. President Joe Biden delivers remarks on the financial system at the White Dwelling in Washington, U.S. July 19, 2021. REUTERS/Jonathan Ernst

WASHINGTON, July 22 (Reuters) – The Biden administration on Thursday released $3 billion in COVID-19 rescue funds aimed at serving to localities bolster their economies in the wake of the pandemic, calling on communities to peek funding for a differ of revitalization projects.

The funding, authorized by the $1.9 trillion American Rescue Idea Act, which passed in March, is a part of President Joe Biden’s “Decide up Reduction Higher” agenda to rebuild the nation after the radical coronavirus precipitated frequent shutdowns and resulted in extra than 600,000 U.S. deaths up to now.

It ought to be on hand to communities nationwide by six programs journey by the Department of Commerce focusing on jobs, tourism and jobs, among other areas, the agency stated in a commentary.

“This funding will make sure they have gotten the resources to enhance from the pandemic and can aid make fresh jobs and opportunities, including by the development or expansion of a brand fresh alternate sector,” the division stated. “The flexibleness of funding and big differ of programs are designed to meet communities where they are of their financial model assignment.”

One billion dollars of the funding will seemingly be allocated for up to 30 localities that apply for money for up to eight crew projects that would possibly maybe maybe well embody building infrastructure or training workers, among other chances, it stated.

The bother moreover involves $100 million “namely for Indigenous communities, which had been disproportionately impacted by the pandemic,” the division added.

State and native governments, universities and faculties, nonprofit organizations, unions and tribes would possibly maybe maybe well apply for the funds, which ought to be awarded by September 2022, it stated. For-profit corporations and persons are excluded.

Reporting by Susan Heavey; Editing by Steve Orlofsky

Our Standards: The Thomson Reuters Belief Ideas.

Related Articles

Back to top button
%d bloggers like this: