NEWS RELEASE
FOR IMMEDIATE RELEASE:
April 24, 2020
MEDIA CONTACT: Matthew Johnson
Director, Planning & Community Development Department
218-725-5008
St. Louis County businesses encouraged to apply for federal relief
The latest federal relief package approved by Congress and signed into law today by President Trump includes another $310 billion funding to support struggling businesses through the Paycheck Protection Program (PPP). An additional $60 billion has also been earmarked for Economic Injury Disaster Loans (EIDL). St. Louis County encourages any small businesses to act quickly if they are considering applying for the forgivable loans. The first round of funding - $350 billion in the CARES Act - was depleted in just two weeks.
"These forgivable loans are important assistance to keep our small businesses operating and our people working," said County Board Chair Mike Jugovich, "So we urge business owners to take advantage of the funding, and to apply quickly."
The St. Louis County Planning and Community Development Department has developed an online resource guide for businesses, which includes links to learn more about Paycheck Protection Program funding and how to apply. The guide also includes information on other federal, state and local assistance programs available for businesses that have been financially hurt by COVID-19. The business resource guide is available online at stlouiscountymn.gov/c19business.
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