On Thursday, President Joe Biden signed the COVID stimulus bill – also known as the American Rescue Plan – into law. While much focus is on the $1,400 direct payments, there are some specific spending measures tailored for small business.
The $1.9 Trillion American Rescue Plan includes three programs specifically for small businesses. Those 3 programs total $55 Billion.
The three programs are:
A new $25 Billion program specifically for restaurants $15 billion to re-fund the Economic Injury Disaster Loan Program. $15 billion to state and local governments, earmarked for small businesses.
Additionally, the provision that
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By: contactedorgTitle: Biden Signs American Rescue Plan – What’s in it for Small Business?
Sourced From: contacted.org/biden-signs-american-rescue-plan-whats-in-it-for-small-business/
Published Date: Fri, 12 Mar 2021 16:15:00 +0000
source https://contacted.org/biden-signs-american-rescue-plan-whats-in-it-for-small-business/
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