Trending...
- BumblebeeSmart Introduces Rounded Busy Board Set for Preschoolers
- Cut Costs & Boost Profits with the First Major Upgrade in 30 YEARS Replacing Rotary Lasers and Historic Clear Tube Altimeter Bubbles
- Inframark Expands Its Specialized Automation and Intelligence Capabilities, Adds Dmytryka Jacobs Engineers
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
- The 7 Visibility Problems Costing Independent Hotels Thousands Every Month
- Viola's Babygirl's, LLC Proudly Announces Teri Tobin's Soulful New Christmas EP "Home For The Holidays"
- Stoxtel Introduces High-Throughput "Matrix" Engine to Address Mexico's Crypto Trading Volatility
- Eagles LB Jihaad Campbell Brings Surprise Visit for Together We Dance Foundation
- UK Financial Ltd Sets Listing Date With Catex Exchange For The Listing Of Mayacat The World's First Ever Gold Backed ERC 3643 "SEC Ready" Token
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
- VIP Vacations Wins Diamon Status with AIC Hotel Group
- $57 Billion U.S. Marine Industry Presents Major Growth Opportunity for Newly Public Off The Hook Yacht Sales, Inc. (N Y S E: OTH)
- Deimler Chiropractic Announces Expansion
- Dr. Alexander Eastman Returns to Suburban Hospital to Deliver Keynote on Crisis Leadership
- Scoop Social Co.'s Mobile Dessert Truck Business Offer A Lifestyle Of Flavor, Fun, and Freedom
- Own 327 Acres of American Prime Real Estate with 2 Miles Waterfront Worth In Millions for Just $7 — Worldwide Raffle Launched
- Lakefront Acreage in Longwood's Ravensbrook Community Hits the Market
- Monika Balayan Elected Fellow of the Royal Society of Arts (FRSA)
- Best Companies Group Launches Best Companies to Work for in New York Program
- We're Winning: Historic Plunge in Overdose Deaths Marks Stunning Reversal in America's Drug Crisis
- Lineus Medical Receives Patent for SafeBreak® Vascular Generation 2
- IDI Consulting Spreads Holiday Cheer to Families in Need with 11th Annual Toys for Tots Drive
- Escajeda Masonry & Concrete Among Pittsburgh's Fastest-Growing Companies
- New 2025–2026 Energy Rebates: Squeaks Services Explains How to Qualify
- CCHR's New Documentary Prescription for Violence Highlights Overlooked Safety Warnings
- Light Her Way Launches New Cohort of Board of AdviseHERS to Prepare Women for Board-Ready Leadership
- Men's Health Network Announces a New Feature to Support the Well-Being of Men When and Where They Are through Text Alerts
- Comp-U-Floor Unveils Powerful New Commercial Module
- Revenue Optics Announces the Appointment of Sonal Chowdhury as Senior Manager – Strategic Operations
- How California Convinces Buyers Not to Purchase New Cars — and How This Hurts Dealers