Greetings:
Last month, Congress created programs to help keep small businesses and non-profits afloat during this pandemic. Just last week, the money from the Paycheck Protection Program (PPP) was depleted, but little of that relief reached the 2 million Black-owned businesses across this country.
The Congressional Black Caucus is fighting for more resources to support the entrepreneurs and job creators in our communities. That is why we demanded the inclusion of Community Development Financial Institutions and Minority Depository Institutions in the funding to replenish these programs.
Today, Congress passed legislation to provide $484 billion in emergency aid to small businesses, nonprofits, hospitals, and health care workers. It included $321.3 billion in funding to support the PPP, and $30 billion for Community Development Financial Institutions and Minority Depository Institutions. The emergency relief also gives $60 billion for separate disaster loans to small businesses.
Please join the Congressional Black Caucus in a telephone town hall on Monday, April 27th at 2:00 pm to hear more about how to access these resources. Find more information here and below:
WHAT: A Telephone Town Hall for Small Businesses and Non-Profits
WHO: Members of the Congressional Black Caucus
WHEN: Monday, April 27th from 2:00 PM PT - 3:00 PM PT
MORE INFO: https://cbc.house.gov/events
Please remember to stay healthy by following guidelines put out by the Centers for Disease Control and Prevention. You can find updates from the Congressional Black Caucus on our website as well as on Facebook, Twitter and Instagram. Be well.
Sincerely,
Karen Bass
Chair
Congressional Black Caucus
Our mailing address is:
Congressional Black Caucus
2059 Rayburn House Office Building
Washington, DC 20515-0001
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