The Silver State economy is set to get a second wind as it continues its recovery a year into the COVID-19 health crisis. With passage of the new federal relief bill, aid is expected to start reaching recipients by mid-March. The $1.9 trillion American Rescue Plan Act includes nearly $4 billion to provide assistance to strained budgets and struggling Nevadans. The act includes tax credits, an extension of unemployment insurance and government aid for state and local budgets, as well as direct stimulus payments of $1,400 per person for most households. The law will also allocate $20 billion for vaccine distribution to help meet the national target of 100 million vaccine shots in the first quarter of 2021.

Nevada has been making progress on the public health front. The COVID-19 test positivity rate hovered above 5 percent, falling closer to the World Health Organization target and a fraction of the 21.6 percent rate of a couple months ago. Since the start of the year, rates of COVID-19 cases, hospitalizations and deaths have all dropped to their lowest levels since late summer, and vaccinations in the state have been steadily rising. Over a million vaccine doses have been administered in Nevada. Nationally, more than 110 million people have received a dose, with half of that group fully vaccinated; progress is becoming increasingly visible on the immunization front, an important step in ending the pandemic and restoring the national economy.

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