American Rescue Plan

ARPA FUNDING SCENARIO

Selected Projects

Investments in Economic Recovery & Small Business Assistance

414 N. Main Small Business Coop & Incubator

The Town plans to invest $1,750,000 of ARPA funds to renovate the former Cooks Cleaner’s property for a Small Business Retail Co-op, DBI and Community Arts Organization offices, shared and/or community meeting space, and open studio space for art and small receptions. This project will complement parallel economic recovery efforts and will create another civic anchor and gathering space for downtown Blacksburg.

Retail Economic Recovery Plan

With its ARPA funds, the Town will provide $150,000 to the Blacksburg Partnership to begin development of a comprehensive retail recovery plan. The Blacksburg Partnership will engage with Retail Strategies Inc. and members of the business community to develop a recovery plan that includes technical assistance for existing retailers and discovery and recruitment of new retailers who are a good fit for our community.

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