U.S. Treasury Greenlights Connecticut’s ARPA Spending Initiative

A plan that would allocate federal funding to small businesses in Connecticut has been approved.

Democratic Gov. Ned Lamont, who is running unopposed on the state’s Aug. 9 primary, said the U.S. Treasury Department has greenlighted the state’s $119.5 million plan to assist small businesses in the state using American Rescue Plan Act funding. The funds will be placed into the State Small Business Credit Initiative.

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