Our region’s state and local governments are getting a windfall totaling more than $15 billion in direct aid from the newly passed federal coronavirus relief plan, which will go a long way to help them repair damage from the pandemic-induced recession.
And that’s just the start. The region is also getting more than $4 billion for education, plus funds for Metro, small businesses, rental assistance and other purposes.
The flood of new money, together with consumers’ rising confidence as they get vaccinated, has led officials and private analysts to predict that the local economy will start to boom by the end of this year.
Click here to read the rest of the article written by Robert McCartney over at The Washington Post
