- December 21, 2021
- Posted by: Stratford Team
- Category: Business
The Moscow City Council on Monday finalized more details about its new grant programs using American Rescue Act Plan dollars to fund affordable housing, small businesses and nonprofits.
The federal government is allocating $5.5 million in rescue act funds to Moscow for COVID-19 relief. It received the first half of that money in June and will receive the second half in summer 2022.
The city has until the end of 2024 to obligate the money to certain projects and until the end of 2026 to spend it.
The city is allocating $750,000 for small businesses and nonprofits in Moscow city limits that saw adverse economic effects because of COVID-19. This includes a reduction in revenue or increases in expenses.
The city is still determining how people can submit applications, and is considering creating an online portal for this purpose….
