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American Rescue Plan Bill Signed - $1.9 trillion in new funding.

11 Mar 2021 2:05 PM | Dan Ripke (Administrator)


The American Rescue Plan Act, with $1.9 trillion in spending to address the economic impacts of COVID 19, was signed today to President Biden.  The legislation includes a number of new programs designed to strengthen the national economy.  Of interest to EDA University Centers is an additional $3 billion in new funding to the Economic Development Administration.  This is double the amount of funding provided by the original CARES Act of 2020.  Much of this (!/4) will be directed to region's suffering as a result of losses in their tourism and hospitality sectors.  Here is a link to the summary of the bill.  Bill Summary

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