Updates on New COVID-19 Relief Bill
CCEDC would like to share information regarding the new COVID-19 Relief Bill! Below is a major part of the new information that was shared. Please watch for updates as we move forward! Key provisions in the bill includes $325 billion in aid for small businesses detailed as followed: •$284 billion to the U.S. Small Business Association (SBA) for the first and second PPP forgivable small business loans •$20 billion to provided Economic Injury Disaster Loan (EIDL) Grants to businesses in low-income communities •$15 billion for live venues, independent movie theaters, and cultural institutions •$12 billion to help business in low-income and minority communities $166 billion for economic impact payments of $600 for individuals making up to $75,000 per year and $1,200 for married couples making up to $150,000 per year, as well as [...]







