Bridgeport allocates portion of ARPA funds to help small businesses
Officials said more than $250,00 will go to assist small businesses owners of low to moderate income.
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Bridgeport city officials announced allocations of the American Rescue Plan will go to help small businesses and local workforce.
Officials said more than $250,00 will go to assist small businesses owners of low to moderate income.
Loan credit lines will vary between $5,000 to $100,000.
The funds will also provide pre-and post-loan counseling as well as a targeted business plan.
Mayor Joe Ganim said services will be provided in both English and Spanish.
