Rescue plan

Louisville metro solicits funding requests for US federal bailout

The Louisville Metropolitan Government’s Accelerator Team has released two Applications for Nominations (RFAs) for a workforce development proposal, including one specific to supporting and growing small businesses.

Workforce development is one of the priority areas for Louisville Metropolitan Government (LMG) spending of US Rescue Plan (ARP) funds, as noted by Mayor Greg Fischer and approved by council metropolitan in August. LMG received $ 388 million in funding from the American Rescue Fund Act, approved by Congress to address the most urgent needs of communities across the country as they rebuild after the devastating impact of the global pandemic of COVID-19.

“Louisville’s economic fundamentals are strong and we are well positioned for the recovery, with an emphasis on fairness, with this unprecedented infusion of federal funding,” said Mayor Fischer. “We know that to reposition ourselves competitively for a digital economy and job opportunities in our community, we need to invest more in our workforce, including small businesses. We need to create an economic ecosystem that builds, supports and encourages businesses and business owners from all walks of life and all demographics. “

One of the calls for applications issued this week invites applications to address global employment challenges, strengthen Louisville’s economy, and improve the lives of residents by:

Reduce unemployment or underemployment;

  • Develop the skills needed for high growth industries and a 21st century workforce;
  • Increase the city’s workforce to better meet the needs of current and future employers;
  • Achieve more competitive growth in technology jobs, compared to comparable cities;
  • Align professional skills with expected growth in key Louisville industries, particularly healthcare and technology; and
  • Increase the city’s skilled workforce.

Proposals will be accepted until 3:00 p.m. on January 31, 2022, and a virtual briefing for this RFA will take place tomorrow (January 6) at:

https://louisvilleky.webex.com/louisvilleky/j.php?RGID=rcf267801d9b3b66…

The second call for applications aims to support the growth of small businesses primarily located in communities that are underserved or particularly affected by COVID-19. The aim is to provide technical assistance / advice to grow small businesses that are:

  • Located in a Qualified Census Tract (QCT), and / or;
  • Belonging to a target population, including immigrants, residents with disabilities and formerly incarcerated persons, and / or;
  • Sectors particularly affected by COVID-19, such as tourism, travel and hospitality.

Proposals for this RFA will also be accepted until 3:00 p.m. on January 31, 2022, and a virtual briefing for this RFA will take place tomorrow (January 6) at:

https://louisvilleky.webex.com/louisvilleky/j.php?RGID=r1211edd06754127…

Louisville’s first installment of ARP funding was dedicated to emergency COVID-related needs, including $ 45.2 million for public health and eviction prevention.

City Council and Mayor Fischer then developed priority areas for future PRA spending: Public security; Public health; homelessness and affordable housing; Workforce development; and Healthy Louisville / Healthy Neighborhoods.

In November 2021, the mayor signed an ordinance approving spending $ 182.4 million in ARP funding on initiatives essential to address the challenges of public safety and homelessness, build more affordable housing for the community, continue to fight the COVID-19 pandemic and recognize the efforts of public employees.

For more information, visit www.louisvilleky.gov/accelerator.