American Rescue Plan Act (ARPA)
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Signed into law on March 11, 2021, The American Rescue Plan Act (ARPA) provides $350 billion for Coronavirus State and Local Recovery Funds to mitigate the fiscal impact of the COVID-19 pandemic.
ARPA funding is one-time, rather than recurring revenue. The funds will be released in two disbursements: the first half by mid-May 2021 (approximately 60 days after legislation was signed), and the second half one year later. Unlike the CARES Act Coronavirus Relief Fund (CRF), there is a much longer timeframe to use funds. All funds must be allocated by December 31, 2024.
Legislation specifies ARPA funds can be used by local governments to:
Support Public Health Response
Meet and address emergent public health needs.
Respond to Negative Economic Impacts
Address economic harm resulting from or exacerbated by the public health emergency.
Provide Premium Pay to Essential Workers
Pay workers performing essential work during the COVID-19 public health emergency, either in public sector roles or though grants to third-party employers.
Make Up For Revenue Loss
Provide government services to the extent of reduction in revenue experienced due to COVID-19.
Invest in Infrastructure
Meet the critical need for investments and improvements to existing infrastructure in water, sewer, and broadband.
To see how state governments are utilizing their fiscal recovery funds, check out this real-time map from the National Conference of State Legislatures (NCSL).
This is an opportunity to invest in economic development, infrastructure, housing, transportation, human capital, and other critical areas. This historic funding has the scope to help cities and counties forge a new trajectory for economic growth and stabilize local government operations.
At the Greentree Group, we believe we're in this together. At our core, we seek to build public trust and enhance value for our clients and their stakeholders.
We have extensive experience managing response and recovery efforts, including working side-by-side with federal, state, and local elected officials to enable communities to recover, rebuild and thrive. Here's how we can help you get started.
