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Congressman Cleaver Shares Year In Review

Congressman Cleaver Shares Year In Review
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New COVID-19 Relief Bill Includes Targeted Relief for Restaurants and Other Hard-Hit Small Businesses and Nonprofits | Snell & Wilmer

To embed, copy and paste the code into your website or blog: Yesterday, President Joe Biden signed the $1.9 trillion American Rescue Plan Act of 2021 (Act), which includes new pandemic-relief grants for small and mid-sized restaurants and bars; expansion of the Paycheck Protection Program; added flexibility under the Shuttered Venue Grants program; additional targeted relief grants for small businesses in low-income communities; and an extension and expansion of the Employee Retention Tax Credit program. Below are key details of these provisions in the new Act. Companies should consider these various programs, in addition to those available at the state and local level, as a means to continue to weather the COVID-19 pandemic, while being mindful of the appropriate compliance controls. 

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