New Canaan Tourism & Economic Development Advisory Committee (TEDAC), in conjunction with the New Canaan Chamber of Commerce and the New Canaan Community Foundation, will sponsor a public forum on Monday July 12, 2021 from 7:00 – 9:00 pm with an emphasis on non-profit organizations and local business to discuss the American Rescue Plan Act (ARPA) funds to be received by the Town. This hybrid meeting will be held in the Town Hall Meeting Room with Zoom access.
The American Rescue Plan Act (ARPA) provides both state and local funds for recovery from the COVID-19 pandemic and states in part, “Funds may be used:
- To respond to the public health emergency or its negative economic impacts, including assistance to households, small businesses, and nonprofits, or aid to impacted industries such as tourism, travel, and hospitality;
- For the provision of government services to the extent of the reduction in revenue due to the COVID–19 public health emergency relative to revenues collected in the most recent full fiscal year prior to the emergency; and
- To make necessary investments in water, sewer, or broadband infrastructure.”
The Town of New Canaan expects to receive approximately $6 million in ARPA funds in two allocations – June 2021 and June 2022. Dollars must be allocated to qualifying expenditures by December 31, 2024. Some funds will go toward government spending for which the Town governing bodies will hold public hearings in the fall. Some funds may go toward local economic development to support local non-profit agencies and local businesses.
The purpose of the forum will be to act as an information session to assess local needs and to help identify ideas for investment in the community.
Please note that this is the beginning of the process to assess local need, and will not be the only opportunity for input. Decisions regarding allocating the funds will not be made for several months.