Here are some of the funding to be made available to small businesses, employees and “gig economy” workers as provided in the $2 trillion coronavirus relief bill passed by the US Senate late Wednesday. (Passage by the House is still required; a vote could be taken as soon as Friday)


Small businesses:
  • Includes $350 billion in loans for companies with 500 employees or fewer, including nonprofits, self-employed people and hotel and restaurant chains with no more than 500 workers per location
  • Government provides eight weeks of cash assistance through loans to cover payroll, rent and other expenses, much of which would be forgiven if the company retains workers
  • $17 billion to help small businesses repay existing loans
  • $10 billion for grants up to $10,000 for small businesses to pay operating costs
Emergency unemployment insurance:
  • $260 billion. Includes extra 13 weeks of coverage for people who have exhausted existing benefits
  • Covers part-time, self-employed, gig economy workers
  • Weekly benefit increase of up to $600
Other benefits
  • Employers who pay furloughed workers can get tax credits for some of those payments
  • Postpones business payments of payroll taxes until 2021 or 2022
Research and development
  • $27 billion for research and development of vaccines and treatments, stockpiling medical supplies

Source: The Associated Press

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