For its latest distribution of American Rescue Plan Act funding, city officials have awarded $500,000 to a business development group to administer money to small local businesses in need.
The $500,000 comes from the city’s $10.07 million allocation from the federal government it received in 2021. The City Council appointed an ARPA Committee to review spending of the funds for Community Impact Grants and Facade and Improvements Grants.
The Women’s Business Development Council will use the money to provide Technical Assistance and Direct Business Grants to Torrington small businesses.
“These funds will be used to leverage another $100,000.00 of investment from the WBDC that will benefit our local economies. The measures of success will be demonstrated through job creation, revenue growth and profitability,” said Mayor Elinor Carbone.
English
العربية
简体中文
Nederlands
Français
Deutsch
Italiano
Português
Русский
Español