Associations: Game over for economy without more aid
- September 28, 2020 |
- Walt Williams
Growing chorus of business groups clamoring for federal PPP extension along with a long-term, low-interest loan programAssociations are painting an increasingly dire picture for their business members and themselves if Congress doesn't pass another stimulus package to boost an economy still weighed down by the COVID-19 pandemic.Congress created the Paycheck Protection Program earlier this year to distribute forgivable loans to businesses and certain nonprofits hit hard by the pandemic. Many early recipients have since burned through their PPP funds while 501(c)(6) associations were not eligible for the program. Many business groups are warning of massive business closures… Read More