Thursday, March 26, 2020

Will Your Global Small Business Outlast This Crisis?

USA Today says:

"Congress will decide whether your small business lives or dies. That’s not an exaggeration. What Congress does now, in the stimulus bill agreed on by the Senate and White House (but not yet passed by the House) to combat the coronavirus outbreak, determines whether millions of small businesses, including yours, will outlast this crisis."

Business Insider says:

"What to know about the $300 billion-plus for small businesses in the stimulus bill, and how founders will be able to apply for emergency funds."

Forbes says:

"A deal was reached in the Senate early this morning to inject approximately $2 trillion dollars into the U.S. economy, after days of negotiations and two failed votes.  The third and final economic stimulus package includes funds for direct payments to individuals and financial assistance to businesses.

The provisions for small businesses total $350 billion dollars, short of the $500 billion that Speaker Nancy Pelosi detailed in the House’s version of the stimulus package yesterday.  The bill will now move to the House for approval."

The New York Times reports:

"The largest economic stimulus measure in modern history would authorize direct payments to taxpayers and loans to small businesses, and create a $500 billion corporate bailout fund."

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