Monroe, LA – According to the officials, the American Rescue Plan is a $1.88 trillion federal aid package, which gives each state a minimum of $500 million to offset the economic downfalls caused by the COVID-19 pandemic.
Louisiana will receive $5.18 billion in direct aid to state and local governments.
The bill also will help improve infrastructure.
The bill received unanimous approval from the House Chamber and will now head to the Senate floor. It divides up the money and sets rules along these lines:
Under the bill, timber harvesting and hauling businesses can apply for grants up to $25,000 if they meet the criteria for the Louisiana Main Street Recovery fund.
The grants are only awarded to companies with less than 50 employees that were in Louisiana as of March 1, 2020. The businesses must have experienced a gross revenue loss of 10% or greater in 2020 compared to 2019.
