s), THE CITY OF NASHUA “The Gate City
Office of Economic Development
TO: Board of Aldermen
FROM: Tim Cummings, Economic Development Director
John Griffin, Chief Financial Officer
Cheryl Linder, Chief of Staff
Date: August 26'* 2021
RE: Vision for usage of ARPA Funds & Guiding Principles
Iam writing to request a meeting to discuss a draft framework acting asa preliminary plan and to
communicate a vision for how the use of American Recovery Plan Act (“ARPA”) funds will be
developed.
Municipalities across the nation are the beneficiaries of significant influx of federal funds via
the American Rescue Plan Act (“ARPA”). ARPA is intended to address the negative health and
economic impacts caused by the COVID-19 pandemic. Nashua anticipates approximately
$16,000,000 in funds. We received our first of two installment payments of $8,000,000 in May
of this year. We expect the second installment to be distributed next May 2022.
At the September 14, 2021 Board of Aldermen Meeting, the Board will have a 1*' reading
accepting these finds. Over the coming weeks the Office of Economic Development with the
assistance of Financial Services and the Office of the Mayor will undertake a community
outreach effort to discuss an appropriate framework. We'd like to offer residents an opportunity
to provide feedback on the draft framework for spending ARPA funding, which has specific
eligibility requirements.
The goals we want consensus on prior to undertaking this outreach exercise is first, that this
money will have a meaningful and lasting impact on Nashua. Second, it is an imperative that we
be strategic with this infusion of funds and making sure we not only accomplish our statutory
obligation, but also enhance our economic wellbeing. These guiding principles should lead our
decision-making as we move forward.
There will be a presentation providing an overview of how ARPA funding may be spent and a
draft framework for discussion purposes at the Special Board of Aldermen Meeting on
September 8",
229 Main Street, Suite 234 » Nashua, New Hampshire 03060 * Phone (603) 589-3106
