Trending...
- UK Financial Ltd Board of Directors Establishes Official News Distribution Framework and Issues Governance Decision on Official Telegram Channels
- CCHR Florida Joins Global Call to Ban Electroshock Treatment, Citing New Evidence of Widespread Patient Harm
- BoxingRx Announces Full Gym Renovation Ahead of New Ownership's One-Year Anniversary
Governor Tom Wolf urged the Pennsylvania General Assembly to act on funding small businesses while the body is in session this week.
"Small businesses have been significantly impacted by the COVID-19 pandemic," said Gov. Wolf. "The Small Business Assistance Program has seen immense success, but further support is needed to support our small businesses and strengthen the economy. I am calling on the General Assembly to approve additional funds to support our small businesses. We cannot let another week go by without addressing this need."
As part of his fall legislative agenda, Governor Wolf called on the General Assembly to provide an additional $225 million in federal Coronavirus Aid, Relief and Economic Security (CARES) Act funding in the form of forgivable loans and grants to small businesses in Pennsylvania through the COVID-19 Relief Statewide Small Business Assistance Program. In addition, the governor proposed $100 million in forgivable loans and grants for the hospitality, leisure and service industries, including restaurants and bars, salons and barber shops.
More on The PennZone
The COVID-19 Relief Statewide Small Business Assistance funding was developed in partnership with state lawmakers and allocated through the state budget, which included $2.6 billion in federal stimulus funds through the CARES Act, of which $225 million was earmarked for relief for small businesses, including historically disadvantaged businesses.
To date, more than 10,000 businesses were approved for $192 million in grants through the COVID-19 Relief Statewide Small Business Assistance Program. However, as the economic consequences of the COVID-19 pandemic continue, it is imperative that further funding be allocated to help small businesses that were not awarded in the first two rounds of funding, or that face ongoing hardship.
"So many of Pennsylvania's small businesses have taken on additional work and costs to do the right thing and keep their employees and customers safe since reopening," Gov. Wolf said. "They are doing everything right, and they need our help to continue to make ends meet.
"We held back a portion of Pennsylvania's CARES Act funding so that we could address the commonwealth's needs this fall. There is a need for additional funding for Pennsylvania's small businesses right now, and I implore the General Assembly to take action without delay to support our small business community."
SHARE Email Facebook Twitter
"Small businesses have been significantly impacted by the COVID-19 pandemic," said Gov. Wolf. "The Small Business Assistance Program has seen immense success, but further support is needed to support our small businesses and strengthen the economy. I am calling on the General Assembly to approve additional funds to support our small businesses. We cannot let another week go by without addressing this need."
As part of his fall legislative agenda, Governor Wolf called on the General Assembly to provide an additional $225 million in federal Coronavirus Aid, Relief and Economic Security (CARES) Act funding in the form of forgivable loans and grants to small businesses in Pennsylvania through the COVID-19 Relief Statewide Small Business Assistance Program. In addition, the governor proposed $100 million in forgivable loans and grants for the hospitality, leisure and service industries, including restaurants and bars, salons and barber shops.
More on The PennZone
- AI-Driven Cybersecurity Leader Gains Industry Recognition, Secures $6M Institutional Investment, Builds Momentum Toward $16M Annual Run-Rate Revenue
- TRIO Heating, Air & Plumbing Now Ranks #1 in San Jose
- Milwaukee Job Corps Center Hosts Alumni Day, Calls Alumni to Action on Open Enrollment Campaign
- Ezra Wohlgelernter Installed Philadelphia Bar Association Chancellor
- Power Couple Launches "Happy Habits Events" After Best of Philly Win, Pandemic Loss, and Setbacks
The COVID-19 Relief Statewide Small Business Assistance funding was developed in partnership with state lawmakers and allocated through the state budget, which included $2.6 billion in federal stimulus funds through the CARES Act, of which $225 million was earmarked for relief for small businesses, including historically disadvantaged businesses.
To date, more than 10,000 businesses were approved for $192 million in grants through the COVID-19 Relief Statewide Small Business Assistance Program. However, as the economic consequences of the COVID-19 pandemic continue, it is imperative that further funding be allocated to help small businesses that were not awarded in the first two rounds of funding, or that face ongoing hardship.
"So many of Pennsylvania's small businesses have taken on additional work and costs to do the right thing and keep their employees and customers safe since reopening," Gov. Wolf said. "They are doing everything right, and they need our help to continue to make ends meet.
"We held back a portion of Pennsylvania's CARES Act funding so that we could address the commonwealth's needs this fall. There is a need for additional funding for Pennsylvania's small businesses right now, and I implore the General Assembly to take action without delay to support our small business community."
SHARE Email Facebook Twitter
0 Comments
Latest on The PennZone
- Mark Schork Elected to Executive Committee of Philadelphia Bar Association Young Lawyers Division
- Costa Oil - 10 Minute Oil Change Surpasses 70 Locations with Construction of San Antonio, TX Stores — Eyes Growth Via Acquisition or Being Acquired
- LaTerra and Respark Under Contract with AIMCO to Acquire a $455M, 7-Property Chicago Multifamily Portfolio
- Record Revenue, Tax Tailwinds, and AI-Driven Scale: Why Off The Hook YS Inc. Is Emerging as a Standout in the $57 Billion U.S. Marine Market
- VSee Health (N A S D A Q: VSEE) Secures $6.0M At-Market Investment, Accelerates Expansion as Revenues Surge
- Children Rising Appoints Marshelle A. Wilburn as New Executive Director
- Nonprofit Operations' First-Of-Its-Kind Job Portal Empowers Nonprofit Job Seekers
- Fairmint CEO Joris Delanoue Elected General Director of the Canton Foundation
- Sleep Basil Mattress Co.'s Debuts New Home Page Showcasing Performance Sleep Solutions for Active Denver Lifestyles
- Bent Danholm Joins The American Dream TV as Central Florida Host
- The Nature of Miracles Celebrates 20th Anniversary Third Edition Published by DreamMakers Enterprises LLC
- Artificial Intelligence Leader Releases Children's Book on Veterans Day
- KDG Recognized on the Clutch 1000 List for 2025
- SNS Research Group has published its flagship report, "Dermatological Drugs Market: 2025–2035"
- Felicia Allen Hits #1 Posthumously with "Christmas Means Worship"
- CCHR Documentary Probes Growing Evidence Linking Psychiatric Drugs to Violence
- The Rise of Experience Gifting: Families Choosing Memories Over More Stuff This Christmas
- Pittsburgh Family Law Firm Pollock Begg Elevates Two Attorneys to Partner Ranks
- Innovu Launches Auto Analysis, an AI Feature That Explains Healthcare Data in Plain Language
- Tokenized Real-World Assets: Iguabit Brings Institutional Investment Opportunities to Brazil