Local governing bodies gotten ARPA financial data recovery funds based on society and you can will work on exactly how to spend that cash. The fresh new totals included in the stories and you may picture try prices. Finally number, when they be available. may vary. Below are a list of the top federal COVID-19 rescue software for the past couple of years, its objective and you can exactly what money Colorado gotten.
Providers direction
Paycheck Coverage Program (PPP): Under the CARES Act, the U.S. Small Business Administration rolled out a new lending program focused on helping small businesses keep workers on the payroll. It was the largest source of federal assistance extended during the pandemic, making 11.8 million loans worth nearly $800 billion.
PPP alone funds accounted for almost a quarter off government pandemic distributions during the Texas. Just after an initial bullet from inside the 2020, an additional one accompanied during the 2021 with increased place-asides to own disadvantaged and also smaller businesses. Consumers just who spent most money towards payroll expenditures could have finance turned into has. The common quantity of services spared is cuatro getting consumers bringing loans out-of not as much as $150,100, when you are the individuals taking high wide variety conserved on average 47 work.
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