[OMS_MANAGERS] ARPA update

[Lizzy Caston]

Thanks Sheri,

This is very helpful.

Lizzy

On Thu, May 13, 2021 at 8:36 AM STUART Sheri * OPRD via OMS_MANAGERS <
oms_managers at omls.oregon.gov> wrote:

> The Treasury released its Interim Final Rule
> <https://home.treasury.gov/system/files/136/FRF-Interim-Final-Rule.pdf>
> on American Rescue Plan State and Local funding on Monday. Kelly
> Humrichouser with NMSC provided a summary of areas that may be of
> particular interest to Main Street programs in the attached document.
>
> Kelly’s initial impressions:
>
>    - Overall, the economic impacts seem more prescriptive than
>    anticipated. Specifically, the specified uses for business relief dictate a
>    direct impact – if the business was not negatively impacted, no support is
>    warranted.
>    - The legislation had highlighted specific impacted industries -
>    "tourism, travel and hospitality." This Interim Final Rule also
>    specifically calls out "business districts" as a potential use, but there
>    is a lack of clarity here.
>    - Of particular interest on housing: communities in qualified census
>    tracts (QCTs) can use funds for low income housing.
>    - Despite the fact that the language around supporting
>    businesses/economic impacts seems fairly tight, the revenue replacement
>    uses are broad. Dollars that are specified as revenue replacement can be
>    used for a variety of projects.
>    - Infrastructure is limited to the areas identified in the
>    legislation: water, sewer, broadband.
>
>
>
> NMSC is hosting a Main Street webinar
> <https://us06web.zoom.us/webinar/register/WN_BZGAlAM-RRSlGrqOKjEXMw> on
> Monday, May 17 at 2pm ET / 1pm CT / 11am PT to better understand applicable
> uses as they relate to commercial district revitalization and small
> business support.
>
>
>
> [image: New Picture (1)]
>
>
>
>
>
> *Sheri Stuart **(she, her, hers) *| Oregon Main Street Coordinator
>
> <https://www.google.com/maps/search/725+Summer+St+NE,+Ste+C+%0D%0A+Salem,+Oregon+97301?entry=gmail&source=g>
>
>
> *___________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________*
>
> Oregon Heritage, Oregon Parks and Recreation Department
>
> Desk: (503)986-0679 cell: (503)551-3705
>
> www.oregonmainstreet.org
>
> 725 Summer St NE, Ste C
> <https://www.google.com/maps/search/725+Summer+St+NE,+Ste+C+%0D%0A+Salem,+Oregon+97301?entry=gmail&source=g>
>
> Salem, Oregon 97301
> <https://www.google.com/maps/search/725+Summer+St+NE,+Ste+C+%0D%0A+Salem,+Oregon+97301?entry=gmail&source=g>
>
>
>
>
>
-- 
Lizzy Caston
Alberta Main Street
cell 503-803-3326
Albertamainat.org
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