Biden releases $3 billion in bailout funds to boost economy

Reuters. – Government Joe Biden on Thursday released $3 billion in Covid-19 rescue funds It aims to help localities boost their economies in the wake of the pandemic, while inviting communities to seek funding for a series of revitalization projects.

The funding, authorized by the $1.9 trillion bailout bill, is part of Biden’s “Building Back Better” program for Lifting the nation after the coronavirus led to widespread shutdowns and more than 600,000 deaths in the United States.

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The bill, backed by Democrats, was passed in March.

The new money will be available to communities across the country through six programs run by the Department of Commerce and Aiming to create jobs, for example in the tourism sectorAccording to the agency, in a statement.

This investment will ensure that they have the resources to recover from the pandemic and Help create new jobs and opportunities“Even by developing or expanding a new industrial sector,” the Commerce Department said.

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