EDC approves Q1 ARPA report, advances mentorship program.
The Economic Development Council approves its first-quarter ARPA report and advances a small business mentorship program. Chair Ally Houghton and the Council unanimously approved the Q1 2026 ARPA expenditure report showing $111,091.26 spent in the quarter and $550,000 overall against the Council's
Economic Development Council · Meeting of June 4, 2026
WAKEFIELD — The Economic Development Council approves its first-quarter ARPA report and advances a small business mentorship program. Chair Ally Houghton and the Council unanimously approved the Q1 2026 ARPA expenditure report showing $111,091.26 spent in the quarter and $550,000 overall against the Council's $1 million federal allocation, with all funds on schedule for full expenditure by December 31, 2026. The Council also voted unanimously to advance the Small Business Mentorship Program to implementation, which will connect volunteer mentors with new business owners across market analysis, business planning, financial strategy, and marketing.
Approximately $56,000 in ARPA funds remains available for allocation, with final recommendations to be revisited at the July meeting.
In the full story:
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Source: the Economic Development Council meeting of June 4, 2026, compiled from the official minutes.
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