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Advocates Say Black Businesses Get Sidelined In $484 Billion Relief Package | Essence

Corona Virus, COVID-19 Posted by: KOLUMN Magazine

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Advocates Say Black Businesses Get Sidelined In $484 Billion Relief Package | Essence

The Senate has approved a $484 billion relief package intended to aid flailing businesses. Critics of the bill say it doesn’t go far enough.

On Tuesday the United States Senate approved a $484 billion coronavirus relief package that’s expected to pour billions more into the Paycheck Protection Program (PPP) intended to give small businesses financial relief during pandemic-spurred shutdowns. Of the $310 billion set aside for the PPP, just $60 billion will go to assist small lenders and community-based financial institutions.

Advocates say it’s simply not enough.

By Tanya A. Christian, Essence
Full article @ Essence