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Capital Investment Grant Program Needs More Funds
The Capital Investment Program was initially funded with $10.5 million in ARPA funds to support transformational projects for key infrastructure needs including housing, climate, wastewater and economic development. As collaborative community projects rolled in, the program was oversubscribed by $60 million. The Senate Committee on Economic Development reacted positively to the Department of Economic Development’s presentation which will likely lead to greater funding to replenish the program.