Posts Tagged CARES Act

May
12
2022

The Restaurant Revitalization Fund Should Have Stronger Oversight if More Funds are Approved

The American Rescue Plan included a program meant to keep small businesses owned by disadvantaged groups in the restaurant industry open during the height of the pandemic. The $28.8 billion grant program—known as the Restaurant Revitalization Fund—gave money to over 100,000 businesses, with some grants going as high as $10 million.
Apr
14
2022

Covid Stimulus Watch Now Contains Recipient Data from the American Rescue Plan

Covid Stimulus Watch now includes recipient data from the 2021 American Rescue Plan Act (ARPA). We’ve added more than 123,000 entries that amount to almost $8 billion across 15 ARPA programs.

Apr
13
2022

One City Sets an Example for Tracking Local Pandemic Spending

The city of Syracuse, NY is one of the few smaller localities taking the time to track American Rescue Plan spending for its residents.
Feb
8
2022

The Treasury’s Final Rule on Economic Development is Only a Win if it’s Enforced

The U.S. Treasury recently issued its final rule on the eligible uses of the American Rescue Plan Act’s (ARPA) Coronavirus State and Local Fiscal Recovery Fund (CSLFRF). The guidelines also clarify what funds may not be used for. Notably, the Treasury said they can’t be used for general economic development purposes.

Jan
25
2022

PPP Loan Forgiveness Disclosures Reveal Many Dubious Beneficiaries

The Paycheck Protection Program (PPP), part of the original federal stimulus package, the CARES Act, was meant to keep workers on the job and small businesses alive during a time of financial uncertainty. But did it work? The answer to that may be unclear, but nearly all the loans - over 80% - have been forgiven.