In an effort to mitigate some of the immense challenges we've endured, on March 11, 2021, President Biden signed the American Rescue Plan Act (ARPA) .
As part of the $1.9 trillion dollar package, the American Rescue Plan Act brings some relief to individuals, families, businesses, and nonprofits across the country in the form of unemployment benefits, stimulus checks, vaccines, and state/local aid.
The National Council of Nonprofits put together a helpful chart providing analysis of key provisions of the American Rescue Plan Act. These actions are in line with the NAACP’s Economic Development goals:
Empower local communities with the necessary education, resources, and partnerships to develop sustainable economic models that advance diversity and equity.
Ensure that government and industry are knowledgeable and committed to bridging racial inequality, particularly as it relates to employment, wealth, lending and business ownership.
Grow a movement of concerned citizens and organizations who work together to produce an inclusive and strong middle-class economy for the 21st century.
We are pleased with this important step to provide a wide-reaching financial boost to millions of Americans and the positive momentum being taken to create equity in disadvantaged communities. And with April being Financial Literacy Month, there is no better time than now to complete a financial check-up of your own personal finances.
We invite you to check out a newly-released book by “The Budgetnista”, Tiffany Aliche, titled Get Good with Money, a "10 step plan for finding peace, safety, and harmony with your money--no matter how big or small your goals and no matter how rocky the market might be." Or consider signing up for a free online financial academy presented by the DFREE Financial Freedom Movement.
Happy Spring Cleaning!
by Danielle Ellis