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CARES Act Impact on Small Businesses
Congress passed the largest stimulus package in American history, the Coronavirus Aid, Relief, and Economic Security Act (CARES) on March 27, 2020. This was done in an effort to combat some of the COVID-19 pandemic’s harmful effects on the economy. And there’s one particular area within the bill that dedicates $350 billion to support the small business sector.
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CARES Act Impact on Workers
Congress passed the largest stimulus package in American history, the Coronavirus Aid, Relief, and Economic Security Act (CARES) on March 27, 2020. This was done in an effort to combat some of the COVID-19 pandemic’s harmful economic effects. Since the bill in its entirety is more than 800 pages long, the intent of this article is to summarize some of the important areas that might be impactful and give direction on any actions that may need to be taken.