Biden Signs American Rescue Plan – What’s in it for Small Business?

Photo by Shangyou Shi on Unsplash. Article by Lisa Price. SmallBizTrends – March 12, 2021.

On Thursday, President Joe Biden signed the COVID stimulus bill – also known as the American Rescue Plan – into law. While much focus is on the $1,400 direct payments, there are some specific spending measures tailored for small business.

The $1.9 Trillion American Rescue Plan includes three programs specifically for small businesses. Those 3 programs total $55 Billion.

The three programs are:

1. A new $25 Billion program specifically for restaurants
2. $15 billion to re-fund the Economic Injury Disaster Loan Program.
3. $15 billion to state and local governments, earmarked for small businesses. […]

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