Businesses impacted by the ongoing issues with the Washington Bridge in Providence, R.I. may soon receive a much-needed economic boost from the state. Governor Dan McKee and R.I. Commerce unveiled a support strategy aimed at helping small businesses affected by the closure of the westbound side of the bridge.
McKee expressed his concern for the struggling businesses in East Providence and the East Bay area, stating that the support package will not only provide relief but also encourage people to support local businesses. The administration plans to redirect up to $400,000 in hotel tax revenue for a marketing campaign promoting buying and dining in the affected communities.
Additionally, R.I. Commerce will propose redirecting State Fiscal Recovery Funds, with $300,000 allocated for direct grants and $800,000 for technical assistance or special events for eligible businesses. They also plan to make $1 million available through the Main Streets RI Streetscape Improvement Fund for signage, infrastructure improvements, and beautification of commercial districts.
Secretary of Commerce Liz Tanner emphasized the importance of small businesses in Rhode Island’s economy, noting their contribution to vibrant and diverse communities. The state’s congressional delegation, including Sens. Jack Reed and Sheldon Whitehouse, and Reps. Seth Magaziner and Gabe Amo, are also advocating for federal aid for small businesses. They have requested the Small Business Administration to expedite the review of aid applications and provide updates on the distribution of federal funds to local businesses.
Overall, the support strategy aims to provide much-needed assistance to businesses affected by the Washington Bridge closure and help revitalize the local economy.