Rep. Delgado Votes to Advance COVID-19 Small Business Relief
Press Release
U.S. Representative Antonio Delgado (NY-19) voted to advance $50 billion in critical COVID-19 small business relief. This funding will be included in Congress's next comprehensive COVID-19 relief package.
"Programs like PPP and EIDL have helped thousands of small businesses across my district during the COVID-19 pandemic," said Rep. Antonio Delgado. "This package delivers $50 billion in small business assistance to replenish existing assistance mechanisms and create new programs, like the Restaurant Revitalization Fund. This legislation also ensures folks are aware of and can apply to loan and grant programs by working with community partners. I am proud to advance this package, which will have a meaningful impact on mom and pop shops, restaurants, live venues, family farms, and independent producers across upstate."
The House Small Business Committee COVID-19 Relief Package Includes:
$25 billion for the creation and implementation of the Restaurant Revitalization Fund to provide necessary financial assistance to restaurants and other food and drinking establishments.
$15 billion for adding more funds to the Targeted Economic Injury Disaster Loan (EIDL) Advance program and addresses any potential funding shortfalls to ensure that remaining eligible businesses can access the $10,000 grant.
$7.25 billion for expanded eligibility of small nonprofits and internet publishing organizations for the Paycheck Protection Program (PPP).
$1.25 billion for the Shuttered Venue Operators Grant Program, including a set aside for technical assistance to help entities apply for grants.
$840 million for administrative costs to prevent, prepare and respond to the COVID--19 pandemic, including expenses related to PPP, aid to Venues, and grants to restaurants.
$460 million for the disaster loan program, of which $70 million is for the cost of direct loans and $390 million is for administrative costs.
$175 million to establish a community navigators pilot program designed to provide outreach and education to small businesses, particularly underserved firms, lacking assistance for utilizing relief programs.
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