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What Does the Coronavirus Federal Stimulus Package Mean for Municipalities & Economic Development Agencies
Manage episode 368304717 series 3469335
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Recorded March 26, 2020
What Does the Coronavirus Federal Stimulus Package Mean for Municipalities & CRE?
Congress’ $2 trillion coronavirus stimulus package is the rare legislative agreement that will have an immediate and lasting impact on ordinary citizens around the country. State and local governments will receive $150 billion. The package includes thousands of dollars in direct payments to most Americans and a huge loan package designed to help keep small businesses afloat as Main Street struggles through what could become the worst recession in American history.
Small businesses will receive $367 billion to keep making payroll while workers have to stay home. Companies with 500 employees or less that keep paychecks steady could get up to $10 million each in forgivable small business loans. Federally guaranteed loans will provide eight weeks of assistance for qualifying employers who maintain payroll. Those who meet requirements would have costs such as utilities, mortgage interest and rent forgiven.
Who Should Listen: Economic Developers, Brokers, Retailers, Real Estate Pros, Small Business Owners
Recorded: March 31, 2020
https://www.retailstrategies.com/webinar-what-does-the-coronavirus-federal-stimulus-package-mean-for-municipalities-cre/
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