Local governments obtained ARPA fiscal recovery loans based on people and you will work on how to spend those funds. The totals included in the reports and you can picture is actually prices. Last numbers, when they become readily available. can vary. Below are a summary of the top federal COVID-19 save applications over the past two years, the mission and you may what currency Texas received.
Team guidelines
Income Safeguards Program (PPP): Under the CARES Act, the U.S. Small Business Administration rolled out a new lending program focused on helping small businesses keep workers on the payroll. It was the largest source of federal assistance extended during the pandemic, making 11.8 million loans worth nearly $800 billion.
PPP by yourself funds accounted for nearly a quarter regarding federal pandemic distributions inside the Tx.