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City Council creates fund for businesses that lost money in water main breaks – WSB-TV Channel 2

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City Council creates fund for businesses that lost money in water main breaks – WSB-TV Channel 2

ATLANTA — At Monday’s Atlanta City Council meeting, the city voted to approve a multimillion-dollar transfer of funds to Invest Atlanta to help Atlantans recoup some of the losses caused by the coronavirus crisis. water main break last week.

According to the council ordinance approving the funding, $5 million will be transferred to Invest Atlanta as recovery funds for small businesses impacted by the nearly week-long disruption of water service.

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The ordinance also allows the city’s chief financial officer to make changes to the budget, operating transfers and other funding needs to facilitate the recovery effort.

“Recent water main breaks in Atlanta have caused significant disruptions, forcing many local businesses to close during peak periods, particularly over the weekend,” the order states. “These disruptions have resulted in financial losses for these businesses, many of which are small, local establishments that are essential to the economic health of the community and recovery from the COVID-19 pandemic. »

Due to the series of water main breaks having “negatively impacted employee livelihoods and the overall economic stability of affected areas,” Atlanta officials will provide financial assistance to those affected so that They can recover lost income, employee salaries and other related expenses. water cuts and closures.

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