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What s this, actual help for the middle class and small businesses? A president who follows through on his promise to not allow the small fish to get swallowed up by the big fish when it comes to COVID relief? Apparently Joe Biden is putting the government s money where his mouth is, and implementing meaningful changes to the Paycheck Protection Plan ( PPP ) to give small businesses real access to the loans to help them make it through the pandemic-induced economic crisis.
According to
Inc.com, starting today (Feb. 24th), businesses with 20 employees or fewer will have a two-week exclusivity period in which to apply for PPP loans. Pres. Biden is also changing the loan amount formula for these small businesses, making the amount for which they re eligible larger. The SBA is further setting aside $1 billion for those types of businesses in low-to-moderate income communities, according to the article.
Newsom Inks Business Relief, $600 Payments for Low-Wage Workers courthousenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from courthousenews.com Daily Mail and Mail on Sunday newspapers.
Over four years, 1951 Coffee has trained 225 refugees from 29 countries, and aims to educate its customers about the challenges refugees and asylees face in seeking, attaining and sustaining employment while adapting to their new homes. Photo (from 2017): Angelica Ekeke
2410 Channing Way (between Dana Street and Telegraph Avenue), Berkeley
Four years ago, in January 2017, just days after Berkeley’s 1951 Coffee Company opened its Channing Avenue cafe staffed entirely by refugees, President Trump enacted his travel ban barring immigrants and refugees from seven predominantly Muslim countries and suspending the entire refugee resettlement program. Doug Hewitt, 1951 Coffee’s co-founder and CEO, recognized a bright side to that calamitous decision.
Berkeley s 1951 Coffee continues to help refugees despite new challenges berkeleyside.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from berkeleyside.com Daily Mail and Mail on Sunday newspapers.
Governor Gavin Newsom, Senate President pro Tempore Toni G. Atkins and Assembly Speaker Anthony Rendon announced a $9.6BB economic recovery package, including immediate actions to substantially increase aid for California small businesses & nonprofits who have been devastated by the COVID-19 pandemic.
“This is a terrific result. The momentum generated by Senate Bill 74 – the Keep California Working Act – has helped deliver an additional $1.5 billion in immediate economic relief for small businesses and nonprofits,” said SB 74 Principal Co-Author Assemblywoman Cottie Petrie-Norris (D-Laguna Beach). “When local businesses prosper, our entire community thrives. Investing the State’s budget surplus directly into main street will keep businesses open and protect California jobs after the ravages of this pandemic.”