$500 Billion in Aid to Small Businesses: How Much Did It Help?
Some economists say the Paycheck Protection Program has not proved as useful as other aid. The debate could sway the new administration’s plans.
Small businesses line a street in Westwood, N.J. A $900 billion federal relief package included $325 billion in small business aid, most of it for the Paycheck Protection Program.Credit.Mohamed Sadek for The New York Times
Published Feb. 1, 2021Updated March 9, 2021
As Democrats and Republicans spent months last fall arguing over how to rescue the economy, one provision drew widespread support from lawmakers: reviving the Paycheck Protection Program, the government’s marquee effort to help small businesses weather the pandemic.
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January 19, 2021 3:59 PM Erin Robinson
Updated:
Spokane actress Sydney Sweeney saw a need among struggling restaurants and homeless shelters, and wanted to help.
She donated $12,000 to launch the “12 Days of Christmas” project, which bought meals from 12 Spokane resturants to send to 12 shelters.
Inspired by her generosity, Lifewise Health Plan, Washington Trust Bank and Spokane County each matched her donation as part of their own “Extend the Love” campaign.
“Extend the Love” officially began on January 12 and will continue on through mid-February. The project will not be accepting any new donations, but if you want to contribute to support area families and shelters, visit the Women and Children’s Free Restaurant.
The pace of forgiveness for Paycheck Protection Program loans is expected to accelerate when the Small Business Administration issues guidance on expanded streamlining.
Young Kwak Beacon Hill Catering & Events co-owner Ellie Aaro, left, leads an effort to feed families while supporting the hard-hit hospitality industry. She s pictured with Beacon Hill Executive Chef Ryan Jordan. T
he hospitality industry keeps taking punches as the COVID-19 pandemic continues, with few signs of improvement, but that hasn’t stopped dozens of local business owners from giving back to the community even as their own livelihoods struggle. Beacon Hill Events and Catering is spearheading a new collaborative effort to feed families served by area nonprofits while supporting restaurant and catering businesses across Spokane. The Care to Nourish program launched in late December and currently involves seven restaurants and caterers that are also