Governor Signs Bill to Help Small Businesses Recover from COVID-19 Shutdown

Date: June 15, 2020

Gov. John Bel Edwards today signed a bill setting aside $300 million in federal funding to help small businesses recover from the COVID-19 shutdown. 

“This is a big relief for Louisiana’s small businesses,” NFIB State Director Dawn Starns said. “Our economy is beginning to reopen, but some businesses have had to close entirely while others are barely hanging on. Senate Bill 189 will make a tremendous difference to thousands of small businesses that are trying to reopen safely, put people back to work, and reconnect with customers.”

Under S.B. 189, the funding would come from the $1.8 billion the state received under the CARES Act, the $2.2 trillion federal rescue package intended to support the nation’s economy during the shutdown. The money will be distributed to small businesses through the Main Street Recovery Fund, a program managed by State Treasurer John Schroder.

“The grants will make a big difference in whether local shops and restaurants can survive the frustratingly slow reopening process,” Starns said. “Without these grants, more small businesses would have had to close for good.”

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