Mayor Ras J. Baraka announced today that the city of Newark has received $ 88,333,803 in its first installment of US bailout funds to help overcome the impact of COVID-19 on the city’s economy.
The funds will be used to stabilize the city’s finances due to lost revenue and to get funds into the hands of residents and small businesses who suffered during the pandemic.
In addition, the city will use the money to fight homelessness, affordable housing, and economic and food insecurity.
“I thank President Biden and Vice President Harris for their dedication to Newark’s recovery and prosperity. This is the latest move by the federal government to support our economic recovery from the stress and damage caused by COVID-19, ”Mayor Baraka said. “We will put these funds in the hands of the people in our city to relieve them and give them the financial instruments they need to restart our economy.”
The city will host the virtual community meetings on its Facebook page on:
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For more information about the American Rescue Plan, see American-Rescue-Plan-Fact-Sheet.pdf (whitehouse.gov).