They Pumped $9 Billion Into Small Businesses. They Want to Do More

States, cities, and community groups scrambled to launch loan and grant programs for struggling local businesses after the coronavirus pandemic upended life across the U.S. The programs were meant to complement, not be a substitute for, massive federal initiatives including the Paycheck Protection Program, which ran from April through early August. But the local efforts wound up providing aid that meant the difference between survival and failure for many businesses.

Because of immense demand, many of the grant programs in places such as Tampa and Hillsboro, Ore., ran out of money quickly, some within hours.

Read Full Article>>>

You may also like