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Federal Stimulus Bill Includes Assistance for Small Businesses - Forgivable Loans Among New Benefits

Early this morning, U.S. Senators and the Trump Administration announced they have reached an agreement on a $2 trillion stimulus package that includes direct assistance to small businesses effected by the coronavirus pandemic. Although the full text of t…
Early this morning, U.S. Senators and the Trump Administration announced they have reached an agreement on a $2 trillion stimulus package that includes direct assistance to small ……
https://www.cedarrapids.org/about-us/news/2020/03/new-new-federal-stimulus-bill-includes-assistance-small-businesses-forgivable-loans-among-new-benefits

Finkenauer Holds Coronavirus Telephone Town Hall with Local Business, Labor, and Workforce Leaders

Abby Finkenauer (IA-01) will hold a telephone town hall with local business, labor, and workforce leaders to answer questions from Iowans in the First Congressional District regarding work and business impacts. Finkenauer wants to ensure Iowa families hav…
On Thursday, March 26, Congresswoman Abby Finkenauer (IA-01) held a telephone town hall with local business, labor, and workforce leaders to answer questions from Iowans in the Fi……
https://www.cedarrapids.org/about-us/news/2020/03/finkenauer-hold-coronavirus-telephone-town-hall-local-business-labor-and-workforce-leaders

Federal Reserve Announces Aid to Mid-Size Businesses

​The Federal Reserve announced Thursday, April 9, that it will provide up to $2.3 trillion in loans to support the economy, including $600 billion in loans for businesses through the Main Street Lending Program. This will be provided through banks for bus…
The Federal Reserve announced Thursday, April 9, that it will provide up to $2.3 trillion in loans to support the economy, including $600 billion in loans for businesses through t……
https://www.cedarrapids.org/about-us/news/2020/04/federal-reserve-announces-aid-mid-size-businesses

Congress Eyes Fourth Recovery Package, More Money for the Paycheck Protection Program

​As Congress looks toward a possible fourth recovery package, a recent proposal to add more money to the PPP aimed at small business recovery was blocked. The Economic Alliance, along with our statewide and national partners, will continue to advocate for…
As Congress looks toward a possible fourth recovery package, a recent proposal to add more money to the PPP aimed at small business recovery was blocked. The Economic Alliance, al……
https://www.cedarrapids.org/about-us/news/2020/04/congress-eyes-fourth-recovery-package-more-money-paycheck-protection-program

Federal Funding Cap for Small Businesses Reached - Urge Elected Officials to Replenish Funds

​The $349 billion cap for small business loans was officially reached last night, after less than two weeks. That’s how urgent these funds are for small businesses, yet they are now unable to apply for Economic Injury Disaster Loans and the Paycheck Prote…
The $349 billion cap for small business loans was officially reached last night, after less than two weeks. That’s how urgent these funds are for small businesses, yet they are no……
https://www.cedarrapids.org/about-us/news/2020/04/federal-funding-cap-small-businesses-reached-urge-elected-officials-replenish-funds

Additional Required Protective Measures Announced for Northeast Iowa

​Governor Reynolds signed a new proclamation this morning with additional required protective measures in Regional Medical Coordination Center 6, which includes Linn, Jones, Allamakee, Benton, Black Hawk, Bremer, Buchanan, Clayton, Delaware, Dubuque, Faye…
Governor Reynolds signed a new proclamation this morning with additional required protective measures in Regional Medical Coordination Center 6, which includes Linn, Jones, Allama……
https://www.cedarrapids.org/about-us/news/2020/04/additional-required-protective-measures-announced-northeast-iowa

Continued Advocacy for Additional Funding for State Programs

We continue to advocate on the state level for additional funding for the Iowa Small Business Relief Fund, as funding was depleted recently, so more of our businesses can utilize these much-needed grants. We’ve had direct conversations with members of Gov…
We continue to advocate on the state level for additional funding for the Iowa Small Business Relief Fund, as funding was depleted recently, so more of our businesses can utilize ……
https://www.cedarrapids.org/about-us/news/2020/04/continued-advocacy-additional-funding-state-programs

Additional Funding for Federal Business Relief Programs

​President Trump officially signed a $484 billion bill today that includes $310 billion in additional funding for the Paycheck Protection Program (PPP) and $60 billion in additional funding for the Economic Injury Disaster Loans (EIDL).
President Trump officially signed a $484 billion bill today that includes $310 billion in additional funding for the Paycheck Protection Program (PPP) and $60 billion in additiona……
https://www.cedarrapids.org/about-us/news/2020/04/484b-additional-funding-federal-program-signed-president-trump

Census Responses Help with Funding, Infrastructure, Health Care, Schools and More

The U.S. Census Bureau continues to collect data despite suspending field operations to help stop the spread of COVID-19. The suspension impacted the Bureau’s hiring and onboarding process.
The U.S. Census Bureau continues to collect data despite suspending field operations to help stop the spread of COVID-19. The suspension impacted the Bureau’s hiring and onboardin……
https://www.cedarrapids.org/about-us/news/2020/05/census-responses-help-funding-infrastructure-health-care-schools-and-more

​More Questions Answered on the Paycheck Protection Program

The Internal Revenue Service (IRS) released Notice 2020-32 earlier this month which answers question about business deductions for expenses with PPP funds. The Notice provides that businesses will not be able to claim a deduction for expenses paid with PP…
The Internal Revenue Service (IRS) released Notice 2020-32 earlier this month which answers question about business deductions for expenses with PPP funds. The Notice provides tha……
https://www.cedarrapids.org/about-us/news/2020/05/more-questions-answered-paycheck-protection-program

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