The Washington, D.C., government will begin giving grant money to help small businesses struggling during the pandemic in the coming weeks, the Washington Post reported Thursday.The D.C. Council passed the Business Support Grants Emergency Amendment Act of 2020 in July. This act reportedly allows the government to take up to $100 million in funding from the CARES Act, a law providing funding to help amid the coronavirus pandemic. The final $20 million in federal CARES Act money will be used to fund the program, called the “Bridge Fund,” along with $80 million from a local contingency fund, the Washington Post reported. Had the remaining $20 million in federal CARES Act funding not been used, D.C. would have been forced to return it to the U.S. government by Dec. 30, according to the same report. (RELATED: Republicans Offered 4 Coronavirus Stimulus Deals. Democrats Rejected Every Single One) A framing art gallery is closed in Venice Beach, California’ during the COVID-19 novel coronavirus on April 01, 2020. – Another 6.65 million US workers filed for unemployment benefits last week, the most ever recorded, as the coronavirus forces businesses to shut down nationwide, the Labor Department reported on April 2, 2020. (Photo by… Read full this story
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Washington, DC, Giving $100 Million To Help Businesses Struggling During The Pandemic have 314 words, post on dailycaller.com at November 19, 2020. This is cached page on USA Posts. If you want remove this page, please contact us.
