How Iowa is allocating its $1.25 billion coronavirus relief fund
DES MOINES, Iowa (KCRG) - During Gov. Reynold’s Friday press conference, she explained how the state plans to allocate the $1.25 billion in federal funding Iowa received as part of the coronavirus relief fund.
Reynolds said the state is allocating $700 million toward relief efforts, but will hold the balance of the $550 million while continuing to monitor the status of Iowa’s unemployment trust fund and any additional unforeseen COVID-19 related expenses.
Of the $700 million, Reynolds said she has allocated it in the following way:
- $215 million to provide relief for Iowa businesses and families, including the small business relief program, housing assistance, workforce initiatives and Iowa’s food banks.
- $100 million is going toward relief for Iowa Farmers.
- $125 million is going toward relief for Iowa Communities. Gov. Reynolds said the state is launching an online payment portal for cities and counties applying for reimbursement of COVID-19 related expenses.
- $50 million is going toward relief for Iowa health care providers, including home and community based providers, substance use providers, and mental health providers.
- $85 million is going toward expanding access to tele-work, tele-health and tele-learning. This includes broadband expansion and IT upgrades.
- $125 million is allocated to the state for COVID-19 related expenses, like the cost of PPE and overtime pay for frontline workers.
Copyright 2020 KCRG. All rights reserved.