Governor McKee Provides Update on Deployment of State Fiscal Recovery Funds

 

Over $350M has already been dispersed through FY 23 to support Rhode Islanders, small businesses and health care providers

 

PROVIDENCE, RI – Governor Dan McKee today announced that the State has deployed more than $350 million in pandemic-relief State Fiscal Recovery Funds (SFRF) through June 2023. The funds have gone to develop affordable housing, support small businesses and impacted industries, retain workers in the childcare sector, and provide better access to medical services for children and families, among other objectives.

 

“These federal dollars have been a vital lifeline to businesses and families across our state," said Governor Dan McKee. "We thank our Congressional Delegation for securing these dollars and our partners in the General Assembly who have worked with us to make key short and long term investments in Rhode Island's economy and our state's future."

 

The American Rescue Plan Act (ARPA) of March 2021 provided Rhode Island $1.13 billion in SFRF. Under the Act, states have until December 31, 2026 to spend all dollars. Governor McKee prioritized these funds on a collection of near-term investments to offset the pandemic’s negative impacts and longer-term investments to transform and modernize key elements of the economy to ensure the state is well-positioned to continue its strong recovery.

 

Highlights on how these funds have been dispersed through June 2023 include:

 

·     $23.4 million in direct grants and in-kind support to more than 2,900 Rhode Island businesses.

·     $20 million distributed in partnership with the Rhode Island Foundation to 240 nonprofits.

·     $19.8 million in retention bonuses to approximately 5,700 childcare workers.

·     $16.8 million that is helping create 62 affordable housing units, with additional funds obligated to result in 2,880 units across 63 projects.

·     $11.3 million to support more than 40 pediatric practices that care for at-risk children and $9.5 million in payments to the State’s nine Early Intervention providers.

·     $10.4 million in down payment assistance to help approximately 600 eligible households purchase a home.

·     $45 million in operating support to 12 hospitals and $30 million to 75 nursing homes.

·     $9.1 million in job training assistance to more than 5,000 unemployed and underemployed workers.

·     $100 million deposited in the Unemployment Insurance Trust Fund to mitigate future unemployment taxes for Rhode Island businesses.

 

The Pandemic Recovery Office (PRO) within the Department of Administration (DOA) is responsible for ensuring that all fund uses comply with federal requirements and reporting financial and key performance indicator information to the U.S. Department of Treasury. PRO collaborates with state agencies, quasi-public agencies, municipalities, and other entities that are executing SFRF projects to satisfy the reporting and compliance requirements.

 

“Providing appropriate oversight of SFRF projects is a critical role,” said Paul L. Dion, Ph.D., Director of the Pandemic Recovery Office. “The team at PRO has combined the need for agencies to begin implementing their projects as soon as possible with a thoroughness of review to ensure project compliance with federal and state laws, rules, and regulations. The fact that the State has been able to deploy these funds so quickly is due in no small part to the hard work of PRO staff.”

 

Governor McKee’s Administration understands the public interest in not only how SFRF dollars are being spent but also the impact of this funding on Rhode Island families, businesses, and nonprofits. To provide transparency into the use of these funds, PRO updates its website every month with the latest spend data for each project and posts reports to the Legislature and the U.S. Department of Treasury that include actual key performance indicator data.

 

This project was supported, in whole or in part, by federal award number SLFRFP0136 awarded to the State of Rhode Island by the U.S. Department of Treasury.

 

FacebookTwitterInstagram

 
Former President Trump has toured the stage at the Republican National Convention ahead of his speech Thursday. He did a walk-through this afternoon at the Fiserv Forum in Milwaukee as he's set to formally accept the Republican party's nomination for president. Tonight, Trump's running mate JD Vance will deliver remarks.       House Speaker Mike Johnson wants the director of the Secret Service to resign following the attempted assassination of former President Trump. Johnson told Fox News today that the security lapses at the Pennsylvania rally were inexcusable. He joins a growing list of lawmakers calling on the protective service's leader to step down.       Special Counsel Jack Smith is appealing the dismissal of former President Trump's federal case over his handling of classified documents. His team filed a notice of appeal Wednesday, well before the 30-day deadline. Judge Aileen Cannon tossed the case out Monday.       The Uvalde cop who was in charge when 19-students and two teachers were murdered in a school shooting is pleading "not guilty" to child endangerment charges. Pete Arredondo was the former Uvalde school district police chief. He's already been fired.       The lawyer for Terrell Davis says United Airlines' apology to the NFL Hall of Famer is not enough. Davis was taken off a flight in handcuffs last week after an incident with a flight attendant. United apologized to Davis and said it removed the flight attendant from duty, but his attorney told TMZ that they want real action on top of the apology, including an investigation.       The WNBA's new media rights deal will reflect the league's soaring popularity. The Athletic is reporting that the league is set to receive around 2.2-billion dollars over the next 11 years in rights fees from its new deals. That means that the WNBA will be bringing in an average of 200-million dollars per season and will be able to make as much as six-times the amount of its current contracts.