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Latino businesses face barriers to COVID-19 relief funds

January 22, 2021 Minnesota s Latino-owned businesses report challenges, and optimism, as they cope with COVID-19. For Latino-owned enterprises in Minnesota, COVID-19 has erected many of the same barriers other owners face, but they’re dealing with added disparities in their access to state and federal relief programs for business. Those were among the findings in a study released this week by Hispanic Advocacy and Community Empowerment through Research (HACER). Rodolfo Gutierrez, the organization’s executive director, said that 2021 will be a critical year for Latino businesses in both the metro area and Greater Minnesota. “This research showed us the economic importance Latino-owned businesses have in small towns and the metro area, and the importance of continuing working towards creating structures that promote BIPOC-owned businesses in our region,” Gutierrez said.

New COVID-19 relief includes PPP, EIDL and CFAP changes

December 28, 2020 After months and months of negotiations, Congress passed a new COVID-19 relief bill as part of a larger end-of-year federal appropriations bill. The bill, H.R. 133, known as the Consolidated Appropriations Act, 2021, was passed in a late-night legislative session on December 21, 2020. The president then signed the bill into law on December 28, 2020. The law notably changes the tax treatment of the Paycheck Protection Program (PPP) with just a few days left in the calendar year. Other parameters of the law of importance to farmers and other small business owners include a second round of PPP loans, new funding for targeted Economic Injury Disaster Loan (EIDL) advances,

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