Grants will allow restaurants, aesthetic and other establishments stay afloat
Photo: Spencer Platt / / Getty Images
The economists who defended the American Rescue Plan (ARP) paid special attention to small businesses, such as aesthetics , wineries, restaurants, among others, because they employ almost half of the workers in the country.
The White House highlighted these businesses contribute 44 percent of Gross Domestic Product ( GDP ).
“Millions of small businesses operating in neighborhoods, especially small businesses owned by people of color , are struggling to make ends meet in the wake of the COVID pandemic – 19 and the resulting economic crisis ” Joe Biden .
He added that the $ 1.9 billion package immediately helps those small businesses, in addition to the $ 1 check, dollars and other stimuli .
Official data indicate that at least 400, 000 small businesses have closed, while millions are in danger of doing so in the face of the pandemic crisis.
In an analysis by the Center for American Progress (CAP), “Latinos face impacts and economic and health disproportionate by COVID – 28 ”( “Latinos Face Disproportionat and Health and Economic Impacts From COVID – 19 ” ) , indicated that Latino communities have job losses in all sectors, but particularly in services.
The Biden Administration emphasizes that it will create a kind of “navigation route” for the stimulus package programs, which offers :
1. Assignment $ , 000 million in flexible aid .
two. A fund of $ 28, 00 millions for small restaurants and other affected food and beverage establishments.
3. The additional millions with a focus on small businesses and non-profit organizations that had been excluded.
4. The destination of $ 1, million dollars to support live room operators , theater producers, operators of live performing arts organizations, museum operators, movie theaters, among others.
5. The investment of $ 10, 000 millions in state, local and tribal small business financing programs .
The Biden Administration will soon release a new economic recovery plan, it was informed.
