The ARP offers $350 billion to states, counties, and local governments, guaranteeing funding to all 19,000 municipalities in the country. For many communities, this funding is urgently needed to fill budget shortfalls. For many, the funding will exceed the direct impacts of the pandemic to local budgets; it represents one of the most transformational opportunities for communities in decades. States, counties and cities will be looking to plan strategic investments based on community-driven priorities.
- Funding will be allocated in two tranches: once in mid-May 2021 and once a year later.
- All 19,000 municipalities in the U.S. receive funding. Click here to learn the estimated amount of funding allocated to your city.
- Cities below 50,000 population will receive their allocation through their state. Cities over 50,000 in population will receive funding directly from the Treasury.
- Treasury released the Interim Final Rule on May 10, 2021, providing guidance on eligible uses and requirements. An open comment period is anticipated before regulations are finalized.
Be at the table.
Develop local strategies that include Main Street priorities and the voice of district stakeholders. Municipalities and counties may be forming or reorganizing response task forces as decision-making and strategy development bodies for ARP funding. Main Street organizations should be positioned as a recovery partner to advocate for district needs as planning efforts coalesce.Advocate.
Speak up for direct programmatic support to fill Main Street budget gaps. Main Street organizations may look to this funding as a possible source to cover budget shortfalls experienced as a result of the pandemic. While rule writing has not been completed yet, it would seem clear that funds may be passed through to non-profit entities and that local economic recovery is a key use of these funds.Be prepared.
Come with ideas to deploy ARP funding in support of Main Street projects aimed at economic recovery. While guidance is still forthcoming, the broad potential use of these funds will enable communities to innovate in support of small businesses and district revitalization. Main Street programs should connect downtown stakeholder needs with local priorities to identify key projects that support economic recovery.Tell us what you're hearing!
We are interested in understanding how ARP funding is being discussed and deployed in your community. Use this form
to share with us.