Action Urged On Loans For Small Businesses, Local Governments
•March 25, 2020•
By Jerry Nowicki
Capitol News Illinois
jnowicki @ capitolnewsillinois.com
Amid widespread closures and event cancellations in response to the novel coronavirus disease pandemic, businesses and governments of all sizes and levels are feeling the financial stress and considering steps forward.
The federal government on Tuesday began debate of an $850 billion stimulus package which could include checks written to all Americans at the urging of President Donald Trump. Another federal bill to provide paid sick leave to workers among other provisions awaits action in the U.S. Senate.
Nearly two weeks ago, Congress approved and Trump signed an $8.3 billion supplemental coronavirus response funding bill, which will provide $14.6 million to the state’s public health department and $8.7 million to Chicago’s. The money can be used for patient monitoring, lab testing, acquisition of test kits and protective equipment, and research into vaccines and therapeutics.
In Illinois, Gov. JB Pritzker has urged stronger action from the federal government while also taking
COVID-19 response steps at the state level. He noted Tuesday the administration will file for statewide eligibility in a federal loan program for small businesses facing financial hardship.
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