Local and State Governments Have Distributed $9.27 Billion in Small Business COVID Relief
According to a policy brief by the Institute for Local Self-Reliance (ILSR) state and local governments have so far provided $9.27 billion in small business COVID Relief.
The localized relief came through the establishment of more than 800 programs. They were aimed to not only provide financial assistance to small businesses but also fill critical gaps observed through the federal Paycheck Protection Program (PPP). So far the PPP has provided 5.2 million loans worth $525 billion to small businesses.
Local and State Governments Distributed $9.27 Billion to Small Businesses
According to ILSR, these local programs can leverage partnerships
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