• Sat. Apr 1st, 2023

WHAT THEY ARE SAYING: New Analyses Highlight American Rescue Plan’s Historic Investments in Economic Improvement


Mar 18, 2023

WASHINGTON – To mark the two-year anniversary of President Joe Biden’s American Rescue Method (ARP), regional government organizations and quite a few interest groups released new analyses detailing the transformative impact ARP funds have had on communities across the nation, supporting each and every immediate pandemic recovery and extended-term economic improvement. These analyses join a new Division of the Treasury report and map released earlier this week with updated information and facts demonstrating how the ARP catalyzed vital investments assisting households, organizations, and the nation’s economy that will extend nicely beyond the deployment of federal sources. These investments have also laid the foundation for other historic investments in our nation’s economic future, such as the Bipartisan Infrastructure Law, CHIPS and Science Act, and Inflation Reduction Act.

See below for what they are saying.

United States Conference of Mayors: Mayors Celebrate Two Years of Progress For the reason that Passage of ARPA (video)

“ARPA helped us to restore these important options.” – Mayor Michael Hancock, Denver, CO

“We’ve employed our American Rescue Method to stabilize modest organizations. This is what is assisting to retain folks employed.” – Mayor Leirion Gaylor Baird, Lincoln, NE

“We are so grateful for the American Rescue Method and the possible for us to move forward.” Mayor Paige Cognetti, Scranton, PA

National Association of Counties: Influence of county investments of ARPA sources (video)

“ARPA funds are an incredible opportunity for us to be in a position to invest in extended-lasting strategic factors that we know will help the resiliency of our neighborhood.” – Dena Diorio, County Manager, Mecklenburg County, NC

“Investing in water and sewer is about raising the excellent top quality of life. It is about raising the bar for all citizens that are in your county.” – Hon. David Painter, Commissioner, Clermont County, OH

“Hennepin County has been investing our ARPA dollars into housing the unhoused and into expanding our infrastructure so that we can support additional affordable housing and additional emergency shelter possibilities.” – Hon. Angela Conley, Commissioner, Hennepin County, MN

National League of Cities: Celebrating Two Years of the American Rescue Method Act

“[T]correct right here is a resounding consensus – this historic legislation has been a lifeline for cities, towns and villages who saw their revenues and budgets decimated by the COVID-19 pandemic and all the challenges that came with it.

“In element, the State and Regional Fiscal Recovery Funds (SLFRF) method was so prosperous due to the fact it pointed funds straight to regional governments… Federal relief to regional governments has established to be the right policy at the right time and has designed an huge distinction for municipalities and our comprehensive nation.”

In addition, correct right here is a hyperlink to a weblog on NLC’s net internet site authored by Treasury’s Chief Recovery Officer, Jacob Leibenluft, highlighting vital investments that cities have designed to expanding the nation’s housing present functioning with American Rescue Method funds.

Center on Cost variety and Policy Priorities: Robust COVID Relief Bolstered Economy and Lowered Hardship for Millions

“The considerable, broad, and revolutionary relief measures straight strengthened the recovery and decreased hardship, the Congressional Cost variety Workplace (CBO) and other independent analysts agree. In substantial element due to federal action.”

“This robust policy response helped make the COVID recession the shortest on record and helped fuel an economic recovery that has brought the unemployment price tag, which peaked at 14.eight % in April 2020, down to below 4 % taking into consideration the reality that January 2022 and to a low of 3.4 % in January 2023.”

“Rather than escalating as generally happens in the course of recessions, a single measure of annual poverty fell by ten million folks in 2020 — the greatest quantity on record in information and facts back to 1967 — and fell when much more in 2021.”

Center for American Progress: Year two of the American Rescue Method: Stories of Historic Recovery (testimonials)

“The ARP extended emergency relief, drastically minimize unemployment and youngster poverty rates, and delivered millions of dollars to regional governments to address exceptional calls for in their communities. On the ARP’s second anniversary, Americans across the nation share how this historic funding has helped them and their communities.”

National Low Earnings Housing Coalition: NLIHC Statement on Notable Progress Two Years quickly soon after Enactment of American Rescue Method Act

“The unprecedented sources and protections enacted in the American Rescue Method and other pandemic legislation kept millions of renters stably housed and saved lives,” stated Diane Yentel, president and CEO of the National Low Earnings Housing Coalition. “The legislation has helped make significantly essential housing infrastructure and moved our nation a single step closer to guaranteeing that affordable, steady housing is universally out there to all.”

Benton Institute for Broadband &amp Society: 50 Tactics the American Rescue Method Act is Enhancing Net Connectivity

“The American Rescue Method also supplied $ten billion to help states assure that all communities have access to the greater-excellent top quality contemporary day infrastructure, which involves broadband, through the Coronavirus Capital Projects Fund. Here’s what the American Rescue Method Act is carrying out to increase on the internet connectivity in your state.

“55,000 additional Alabama properties and organizations will get affordable, greater-speed on the internet through the Capital Projects Fund…

“In Robust, Resilient, Broadband Infrastructure for Arizona we see how 128,000 more Arizona homes and organizations will get affordable, greater-speed on the internet through the Capital Projects Fund…

“Arkansas Tends to make use of Capital Projects Fund to Connect Rural Areas looks at how 35,000 more Arkansas homes and organizations will get affordable, greater-speed internet…”

Economic Policy Institute: Two years later, American Rescue Method funds are nonetheless a transformative resource: State and regional governments—particularly in the South—should invest unspent funds in workers, households, and communities

“During ARPA’s second year, numerous governments employed SLFRF dollars to tackle deep inequities in their communities, not just to deal with the immediate challenges of the pandemic but to make transformative investments whose rewards will final extended into the future.

“The opportunity to make transformative investments remains, and policymakers should really actually seize the moment to rebuild the public sector and increase the lives of functioning households.”

Tax Policy Center: Viewing ARPA Assistance for States and Localities By way of a Fantastic Recession Lens

“ARPA support did help states and localities recover much more swiftly and leave them in a enhanced position to face the extended-term economic and fiscal challenges on the horizon.

“During the Fantastic Recession, state and regional employment initially elevated but then significantly declined as federal support ran out and governments minimize budgets. It took a comprehensive ten years for state and regional government employment to return to its November 2007 levels. This not only harmed government options but contributed to the stubbornly slow national jobs recovery. Even though state and regional employment has not but returned to its February 2022 levels, it is on a far enhanced trajectory, and a lot of states – from Arkansas to Pennsylvania – are spending dollars on elevated teacher invest and other incentives to compete for and employ government workers.”

Brookings: The American Rescue Method, two years later: Analyzing regional governments’ efforts at equitable, transformative alter

“Local governments have launched thoughtful, revolutionary applications intended to address extended-standing structural inequities—particularly about increasing the quantity of minority-owned modest organizations and generating workforce education additional inclusive and accessible.”

NewDEAL: American Rescue Method Two Years Later

“The impact is just beginning to be felt – The American Rescue Method will continue to have a constructive impact in the years to come.

“[O]ur economy, and in unique state and regional finances all round, are robust due to the fact the national response to the COVID crisis was robust.”

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