PPP Heroes to be recognized by Governor Polis | Colorado Office of Economic Development and International Trade colorado.gov - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from colorado.gov Daily Mail and Mail on Sunday newspapers.
By Jenna Carlesso, CT Mirror
Proponents of a measure that would create a public option insurance plan for small businesses and nonprofits said Friday that the proposal will be shelved for a third consecutive year because Gov. Ned Lamont threatened not to sign the bill if it passed the General Assembly.
A watered-down version of the public option bill cleared the House in 2019 but did not come up for a vote in the Senate. And a similar proposal raised last year was suspended after the state Capitol shut down at the start of the COVID-19 pandemic.
“I am disappointed that Governor Lamont has denied affordable health care options to small businesses and nonprofits, despite the obvious need and overwhelming support from the public,” state Comptroller Kevin Lembo, a key backer of the measure, said in a statement Friday. “This is a missed opportunity that will have real life consequences for the small employers in our state that have been pleading for help after takin
Proponents of a measure that would create a public option insurance plan for small businesses and nonprofits said Friday that the proposal will be shelved
Hickenlooper, Colorado Restaurant Association Host Webinar on New Restaurant Revitalization Grant Program - by Ark Valley Voice Staff arkvalleyvoice.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arkvalleyvoice.com Daily Mail and Mail on Sunday newspapers.
Photo by Jason Connolly / Summit Daily archives
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While similar to the first round, in that the program provides a loan to small businesses that is intended to be forgivable, there are some notable differences when it comes to eligibility and the loan amount specifically for the hospitality industry.
Frances Padilla, district director for the U.S. Small Business Administration in Colorado, explained that there is a narrower eligibility for this round of the program, including a lower cap on the number of employees for businesses that are applying for a second time: Only businesses with 300 or fewer employees can apply, down from the previous limit of 500 employees. Business owners have to prove they’ve experienced a revenue reduction, too.