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Economic developers see potential catalyst for 120 acres on Blue Clay Road
wilmingtonbiz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wilmingtonbiz.com Daily Mail and Mail on Sunday newspapers.
Economic developers see potential catalyst for 120 acres on Blue Clay Road
wilmingtonbiz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wilmingtonbiz.com Daily Mail and Mail on Sunday newspapers.
New Hanover County Manager outlines spending proposal from American Rescue Plan
New Hanover County outlines plan for American Rescue Plan fund By Zach Solon | March 31, 2021 at 5:47 PM EDT - Updated March 31 at 11:34 PM
WILMINGTON, N.C. (WECT) - New Hanover County is set to receive around $45.4 million from the American Rescue Plan, which was signed into law by President Joe Biden earlier this month. Today, County Manager Chris Coudriet laid out his proposal for how the county plans to allocate the funds the receive from the federal government.
The spending plan is broken down into eight segments: Broadband connectivity, business and employment assistance, mortgage assistance, physical and mental health resources, infrastructure and emergency management improvements, revenue replacements, bonuses for county employees, and reserve funding.
Listen to the story here.
The American Rescue Act signed into law by President Biden last month is sending roughly $45 million to New Hanover County. Officials say $4 million of that is earmarked for infrastructure improvements they say will help create affordable housing although it s not exactly clear how that will be worked out yet, or how much additional housing the county will be able to leverage.
Most of the $1.9 trillion in federal covid relief funding is required to be related to pandemic recovery, but the act also permits local water and sewer projects. That allows the county to use $4 million to extend water and sewer lines along Sidbury Road in northern New Hanover County.
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