Monday s Daily Pulse | 12/14/2020
As Congress debates more COVID-19 aid, Florida businesses hope for relief
Lawmakers in Congress are debating a second COVID-19 relief bill, and with that, more funds for the Paycheck Protection Program. In Florida, small businesses have exhausted money from the program and are waiting for more aid. According to the U.S. Census Bureau, more than 70% of Florida businesses received PPP loans. The program covered eight weeks of employee payroll while lockdowns were in place. After the program was launched, it ran out of money in two weeks. It was later replenished in late April, and more businesses were able to opt-in. [Source: WLRN]
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