COVID-19 UPDATE: Assistance for Small Businesses

As a business owner myself, I understand the complications and devastating effects COVID-19 is having on our economy.

Congress passed the CARES ACT which is a $2 trillion stimulus package. Of the $2 trillion, $349 billion is allotted to the ‘Paycheck Protection Program.’

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses.

Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.

Below you will see three articles for in-depth analysis and FAQ:

–https://home.treasury.gov/…/assistance-for-small-businesses…

–https://gop-waysandmeans.house.gov/cares-act-unemployment…/…

–https://www.rubio.senate.gov/…/71AB6CB05A08E369E0D488A80B38…

State Representative Jena Powell is currently serving her first term as a state representative. She represents the 80^th Ohio House District, which encompasses Miami County and a portion of Darke County.

For more information, contact Rep Powell’s office at 614-466-8114 or Rep80@ohiohouse.gov.