Michael Phoch

Michael Phoch
Americanstocknews - 20 years of experience in mass media

EU Cohesion policy: first REACT-EU support measures for recovery and transition approved for the Netherlands and Austria

The Commission approved the first decisions under REACT-EU (Recovery Assistance for Cohesion and the Territories of Europe) involving a modification of four operational programmes for the European Regional Development Fund (ERDF) in the Netherlands and Austria that will increase the funding available for investments by nearly €262 million from REACT-EU.

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The American Rescue Plan’s secret ingredient? Flexible state and local aid.

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Last week, Brookings Metro’s Joseph Parilla and the Fund for Our Economic Future’s Brad Whitehead noted that money from the new American Rescue Plan Act (ARP)—the $1.9 trillion federal COVID-19 relief package—represents an opportunity for state and local officials to “invest” in their communities rather than simply “spend” their significant allotments.

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