Governor Phil Scott Announces First Approved Community Recovery and Revitalization Program Project Applications

Statement

Date: March 14, 2023

Governor Phil Scott and Agency of Commerce and Community Development (ACCD) today announced the first round of approved grant applications for projects that spur economic recovery through the Community Recovery and Revitalization Program (CRRP). The program, being administered by the Department of Economic Development (DED), aims to strengthen communities across the state by reversing the harm caused by the COVID-19 pandemic through assistance with capital investments that will help businesses, nonprofits, and municipalities to recover, retain existing jobs, and grow the economy.

Thirty-one projects have been approved by an inter-agency committee, resulting in a proposed award amount of $10,328,196 which is expected to support $153,515,054 in total project costs. The 31 projects are expected to support 354 existing jobs and enable the creation of 205 new jobs, 79 new affordable housing units, and 196 new childcare slots for low- to moderate-income families. The awards are spread across 12 counties, with priority given to four BIPOC-supporting projects and 16 projects in towns with stagnant or declining grand lists.

"My administration remains focused on our continued economic recovery and increasing economic equity in all regions of the state," said Governor Scott. "These grants will help businesses and organizations critical to their communities continue to recover and grow, increasing critical support like housing, childcare, and wastewater to more Vermonters. These projects represent ARPA dollars at work and are making long-term investments in our state's future. We must continue to look toward smart investments that will have a lasting impact through the CRRP program and other economic development tools I am advocating for in FY24 budget."


Source
arrow_upward