The American Rescue Plan’s allocation for communities provides an opportunity for city leaders to assist small businesses impacted by COVID-19. In this panel session with Toby Rittner, President and CEO of the Council of Development Finance Agencies, as we present ideas for how cities can support small business owners such as:

- Providing technical assistance and training for small business owners
- Grant programs
- Measuring and tracking progress of small business programs

Recorded March 26, 2020

What Does the Coronavirus Federal Stimulus Package Mean for Municipalities & CRE?

Congress’ $2 trillion coronavirus stimulus package is the rare legislative agreement that will have an immediate and lasting impact on ordinary citizens around the country. State and local governments will receive $150 billion. The package includes thousands of dollars in direct payments to most Americans and a huge loan package designed to help keep small businesses afloat as Main Street struggles through what could become the worst recession in American history.

Small businesses will receive $367 billion to keep making payroll while workers have to stay home. Companies with 500 employees or less that keep paychecks steady could get up to $10 million each in forgivable small business loans. Federally guaranteed loans will provide eight weeks of assistance for qualifying employers who maintain payroll. Those who meet requirements would have costs such as utilities, mortgage interest and rent forgiven.

Who Should Listen: Economic Developers, Brokers, Retailers, Real Estate Pros, Small Business Owners

Recorded: March 31, 2020

https://www.retailstrategies.com/webinar-what-does-the-coronavirus-federal-stimulus-package-mean-for-municipalities-cre/

The Coronavirus Response and Relief Supplemental Appropriations Act, 2021 (H.R. 133) was signed into law December 27, 2020 and will provide more than $900 billion in emergency assistance due to impacts by the COVID pandemic.

Applications are expected to open for federal small business support by January, 6, 2021, so time is of the essence to understand eligibility for communities. In this webinar we will discuss how relief aid will assist small businesses, non-profits, and citizens within your community.