Newark Receives $88.3 million in American Rescue Plan Monies
PRIORITY FOR FIRST INSTALLMENT IS TO GET FUNDS INTO HANDS OF RESIDENTS AND SMALL BUSINESSES IMPACTED BY COVID-19
City will replace lost revenue due to the pandemic;Funds will also address homelessness, affordable housing, and economic and food insecurity; City will host virtual community meetings with residents to discuss how funds will be used Newark, NJ– May 19, 2021 – Mayor Ras J. Baraka announced today that the City of Newark has received $88,333,803 in its first installment of American Rescue Plan monies to overcome the impact of COVID-19 on the city’s economy. The monies will be used to stabilize the City’s finances due to lost revenue, and to get monies into the hands of residents and small businesses that suffered during the pandemic. In addition, the City will address homelessness, affordable housing, and economic and food insecurity with the monies. “I thank President Biden and Vice President Harris on their commitment to Newark’s recovery and prosperity. This is the latest step by the Federal Government in supporting our economic recovery from the stress and damage of COVID-19,” Mayor Baraka said. “We will put these funds in the hands of the people of our city, to provide relief and empower them with the financial tools they need to restart our economy.” The City will host the virtual community meetings on its Facebook page on:
- Tuesday, May 25, 6:30 p.m.
- Tuesday, June 1, 6:30 p.m.
- Friday, June 4, Noon
Translation services will be made available. For more information on the American Rescue Plan, visit American-Rescue-Plan-Fact-Sheet.pdf (whitehouse.gov)
