News

States finding creative uses for CARES money to speed and sustain recovery including Broadband expansion

SSTI

As the shock of the first wave of the coronavirus pandemic settled and the extent of the economic impact began to become clearer, states are developing creative and long-term plans and programs to breathe life back into their economies. States initially focused federal funds from the Coronavirus Aid, Relief and Economic Security (CARES) Act towards the urgent public health needs of responding to the unfolding crisis and to mitigating the impacts of mandatory business closures. Commerce has gradually resumed, yet unemployment remains high, job creation slow, and states face continued revenue shortfalls months after the outbreak. States are increasingly using novel and impactful ways to leverage CARES Act funding to speed the recovery, and to fortify their economies in a persistent environment of uncertainty over the virus.

 

Full Story

 

More from SSTI

News Catrgory Sponspor:


Welcome to MEDA: Leadership Dedicated to Building Montana's Economy

Leave a Comment

You must be logged in to post a comment.