Guess which state that starts with a “W” and ends in “sin” allocated more pandemic relief money to the economy than any other state? The details are really impressive!
Here’s Five Fast Facts on ARPA Economic Spending:
- 📄 We’re #1- A new report shows that 56% (that’s $1.1B!!!) of our ARPA funds were spent to help keep the economy healthy during the pandemic. The next closest state only allocated 38%. Losers.
- 🏦 Nook and Cranny - Every county in the state received grants from the state for economic development, helping most small businesses survive and thrive.
- 📈 Smart Focus - The bulk of that $1.1B went to things like general economic development, business assistance, and workforce development.
- 💵 Boooooing - The investments were a success. The Main Street Bounceback Program and Workforce Innovation Grant Programs both helped keep local businesses open, and profitable.
- 💥 Buckle Up - The Wisconsin Economic Development Corp said all of these economic developments should also help Wisconsin businesses in the event of a recession. And boy, oh boy, a good chunk of them expect one to hit.
🔥Bottom line: We’ve been banging the drum around here for a while about our record low unemployment and it’s a good bet that these investments had more than a little something to do with them. It’s good to see the government helping out the little guy for once, rather than bailing out big business.
What do you think of the way the money was spent?
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