According to a policy brief by the Institute for Local Self-Reliance (ILSR) state and local governments have so far provided $9.27 billion in small business COVID Relief. The localized relief came through the establishment of more than 800 programs. They were aimed to not only provide financial assistance to small businesses but also fill critical… Continue reading Local and State Governments Have Distributed $9.27 Billion in Small Business COVID Relief
Tag: small business aid
Congress & Administration Near Deal on Additional COVID-19 Aid for Small Businesses
Lawmakers and the Trump administration were closing in on a more than $450 billion agreement that would replenish a program for small businesses battered by the coronavirus and related shutdowns, aiming to end a weekslong impasse over the popular loan program. Treasury Secretary Steven Mnuchin said on Sunday that he was hopeful that the two… Continue reading Congress & Administration Near Deal on Additional COVID-19 Aid for Small Businesses
Fed Expands Corporate-Debt Backstops, Unveils New Programs to Aid States, Cities and Small Businesses
The Federal Reserve unveiled an array of programs Thursday that it said would provide $2.3 trillion in loans, expanding the Fed’s operations to reach small and midsize businesses and U.S. cities and states. The Fed also said it would expand previously announced corporate lending programs to include some classes of riskier debt that had been… Continue reading Fed Expands Corporate-Debt Backstops, Unveils New Programs to Aid States, Cities and Small Businesses
With Demand Soaring, Congress Weighs Adding $250 Billion in Small-Business Aid
Rushing to shore up a $2 trillion economic stimulus effort that is already under strain, Congress could move as early as this week to approve another $250 billion in aid for small businesses, after the Trump administration asked for additional funds to support an overwhelming demand for help. The request for a quick infusion of… Continue reading With Demand Soaring, Congress Weighs Adding $250 Billion in Small-Business Aid