The State of Vermont has issued allocations for all of Vermont’s “Non-Entitlement Unit” (NEU) communities, which includes all of the municipalities in Addison County. Half of the funding goes out this year, and the other half will be distributed in 2022. All cities, towns, and villages that opted to receive their American Rescue Plan Act Local Fiscal Recovery Funds by electronic means should now have their money; The state disbursed the first payment to local governments on August 9 so please check your bank account to make sure it has arrived. If you opted to receive a paper check, it should arrive within the next two weeks. In addition, the first half of county ARPA funding to be distributed to Vermont’s towns, is scheduled to arrive by Labor Day, 2021.
ACRPC encourages you to prioritize community investments that will provide long-term economic and community development benefits. In general, we recommend that you be strategic in leveraging the funds for transformational projects, and reach out to your community for public input. Your town plan goals and priorities are a great place to start for ideas! If you would like to partner with your neighboring communities to make your funding go further, ACRPC can facilitate regional level investments
If you are looking to spend a portion of your funding quickly, please consider an investment in Maple Broadband and high-speed internet for your community. National data indicates that Fiber-to-the-Premise networks drive economic development through job creation and retention, increased housing values (up to 3.1%1) and documents a 4:1 rate of return on fiber broadband investments; every $1 dollar invested in fiber broadband returns $4 dollars to the local economy. Supporting Maple Broadband in some capacity is a great example of how neighboring towns can invest together to create regional infrastructure.
For more information or questions, please contact ACRPC Emergency Management Planner, Andrew L’Roe