Latest emergency economic aid package clears Congress


On Thursday afternoon, the United States House of Representatives passed the latest COVID-19-related emergency economic stimulus plan. The plan was approved by the United States Senate on Wednesday and is due to be quickly signed into law by President Donald Trump. 

The initiative will bring $320 billion dollars in funding to the beleaguered Paycheck Protection Program (PPP) and $10 billion to the emergency Economic Injury Disaster Loan Program (EIDL). Both programs are targeted towaed helping small- to medium-sized businesses keep their employees on payroll. PPP offers forgivable low-interest loans that can be used to cover payroll costs and overhead for businesses that operate with fewer than 500 employees. The EIDL brings similar funding to companies located in specific areas severely impacted by the crisis. 

Previously on Archinect: “Architecture Firm Owners Share Their PPP Woes.” The Marriner S. Eccles Federal Reserve Board Building.

The American Institute of Architects (AIA) pr...

Antonio Pacheco via Archinect - News https://bit.ly/3cUj1Or

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