The federal COVID-19 recovery package passed by Congress last week and signed into law by President Trump on December 27 contains significant benefits for small businesses and the tourism community as well as for individuals.
Provisions include a second round of forgivable PPP loans; a grant program for concert venues, performing arts centers, theaters and museums; an extension of the SBA's Economic Injury Disaster Loan Program; and aid for transportation, including bus companies, private motorcoaches, airports and airlines.
In addition, stimulus checks are on the way for individuals and as are extended unemployment benefits for jobless workers and self-employed individuals and contractors.
The Craft Beverage Modernization and Tax Reform Act also passed, keeping craft brewers, vintners, cider and mead makers, and distilleries from suffering a devastating tax hike in January.
Read highlights of the COVID-19 Recovery Package and CBMTRA here >>