US bailout brings $ 73.8 million in direct federal aid to Trenton


The city of Trenton will receive $ 73.8 million in direct federal assistance, the third largest allocation of funds in Garden State behind Newark and Jersey City, as part of the US bailout package. Biden administration. Funding is important since it represents a third of the city’s annual budget. As part of this fundraising initiative, Trenton Mayor W. Reed Gusciora will bring together a committee of city officials, policy experts and community leaders to assess upcoming projects that will leverage this substantial federal assistance to Trenton over the next year.

“Throughout the pandemic, we have taken advantage of every possible source of funding to provide free testing to residents of Trenton, offer emergency loans to support local businesses, hire essential first responders and launch new platforms. online to ensure remote access to essential services, ”said Mayor Gusciora. “Imagine what we can do with nearly $ 74 million in funds dedicated to helping communities like ours get back on their feet. We are grateful to the Biden administration and our Congressional delegation for securing these funds for the capital. We want to make sure that every penny brings the maximum possible benefit to our residents, and this extra expertise will help us get started as soon as we receive the funds and more advice from the US Treasury. “

The U.S. Trenton Rescue Plan Advisory Committee will include the following:

  • President: Brenda Ross-Dulan, President and CEO, The Ross Dulan Group
  • Brandon McKoy, President of NJ Policy Perspective
  • Marge Caldwell-Wilson, Vice President of City Council
  • Elvin Montero, Director of Communications, Chemistry Council of New Jersey
  • Jeannine LaRue, Deputy CEO of the Kaufman Zita Group
  • Kelly Ingram, I’m Trenton
  • Adam E. Cruz, Corporate Director
  • Dr Adela M. Ames-Lopez, Director of Health and Social Services
  • Maria Richardson, Director of Recreation, Natural Resources and Culture
  • Wahab A. Onitiri, Director of Public Works
  • Andre McNair, owner of October Vintage in Trenton
  • Shereyl Snider, UrbanPromise Trenton

“Thank you to the Biden administration and the Congressional delegation for providing this vital funding – and congratulations to Mayor Gusciora and city council for securing this allocation of funds,” said George Sowa, general manager of Greater Trenton. “These funds will be used to pull the city out of the clutches of the pandemic and improve the lives of residents and businesses across the city.”

“We congratulate Brenda Ross-Dulan, Vice-Chair of the Greater Trenton Advisory Board, for chairing the US Trenton Rescue Plan Advisory Board and leading the effort to make the best use of the $ 73.8 million. Sowa added. “We also recognize Jeannine LaRue, who sits on the Greater Trenton Advisory Committee, and applaud her participation alongside all of the members of the US Trenton Rescue Plan Advisory Committee. “

The $ 1.9 trillion US bailout contains $ 360 billion in state and local aid to help employ essential workers, help struggling families and small businesses, and make investments in critical infrastructure. U.S. Treasury guidelines outlining specific authorized expenditures are still pending.

The state of New Jersey will receive approximately $ 6.4 billion plus an additional $ 189 million to expand broadband internet across the state. Each of the 21 county governments will share $ 1.8 billion, with another $ 1.7 billion distributed among the 565 cities and municipalities.

Trenton is expected to receive $ 73.8 million of that aid, with the first half arriving within 60 days of the bill being signed. The other half will arrive in the next 12 months.

Previous UAE, Saudi Arabia Expected To Agree To Roll Over Outstanding Loans Worth $ 2 Billion Each
Next Made in Michigan: Great Lakes Coffee Roasting Company takes pride in infusions produced directly by farmers

No Comment

Leave a reply

Your email address will not be published.