"We'll be running out of money pretty quickly, which is a good thing in this case, not a bad thing," Trump told reporters.
Democrats haven't rejected the White House request, but they have said they want to include other emergency aid, such as hazard pay for workers, as part of any new deal.
The Small Business Administration initiative, called the Paycheck Protection Program, was created as part of the $2 trillion coronavirus rescue bill enacted late last month. Many companies are scrambling for assistance, as the entire U.S. economy has been upended because of rolling shutdowns ordered by state and local governments. As Americans stay home and many of these companies close their doors, their revenue has fallen sharply.
Many things are taking place:
Pleasure Island survey reveals business impact of COVID-19 - WWAY TV
CAROLINA BEACH, NC (WWAY) — The Pleasure Island Chamber of Commerce, which represents Carolina and Kure Beaches and southern New Hanover County, has released the results of an online survey sent to its members in late March.
The survey aimed to determine the impact of the Covid-19 crisis on their business and to also determine how the Chamber could best serve members' needs during this time.
The survey was distributed just two days prior to Governor Roy Cooper issuing his ‘stay at home’ order through April 29.
SUPPORT LOCAL: Raindrops Vinyl Creations owner started her business to 'make ends meet' and
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"I started my business because I was a low-income mom who needed to make ends meet and provide for my kids," owner Stacey Imboden wrote to KPRC. "I have found word of mouth and sharing on social media very helpful."
* * *
"Let us know exactly what you are wanting and we can let you know if we can make it and how long it will be," Imboden wrote.
Twelve local entrepreneurs selected as finalists in Queens StartUP!
The Queens Economic Development Corporation last week announced the 12 finalists in the 14th annual Queens StartUP! Business Plan Competition, a five-month challenge-and-instruction course sponsored by Resorts World Casino New York City.
After attending the workshops and a financial bootcamp at Queens Public Library branches, the contestants submitted anonymous business plans to a panel of judges consisting of local entrepreneurship and commerce experts.
While you're here, how about this:
These El Paso area business are hiring immediately | KTSM 9 News
EL PASO, Texas (KTSM) – Several employees are looking to make immediate hires in the El Paso area, according to Workforce Solutions Borderplex.
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EL PASO, Texas (KTSM) -- Fast Signs off Airway in East El Paso normally makes signs. However, they have now started to make personal protective equipment.
The owner of Fast Signs Monica Velasco's phone has been ringing off the hook. With people calling about getting PPE.
Tiny Digital Businesses Play Key Role in Local Economies, Study Says - The New York Times
In the vast ocean of modern online commerce, Candis Jones, who designs and makes women's jewelry, is a minnow.
No venture capitalist will ever come knocking on her door in Westerville, Ohio. But with skill and hard work, digitally amplified by her website, online store and Instagram account, Ms. Jones has transformed a basement craft project into a healthy little business .
All that is in doubt now as the economic fallout from the coronavirus outbreak worsens. Her business has not fallen off a cliff yet, down about 20 percent so far but slowing further in the last couple of weeks.
New Research Reveals the Ideal Age to Start a Business | Inc.com
During a speaking gig -- back when gatherings of more than a handful of people were still a thing -- I asked the audience who was better positioned to start a successful business : A twenty-something entrepreneur or a fifty-something entrepreneur.
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And also wrong: New research shows the rate of success for people who launch a business in their twenties is the same as for those who become entrepreneurs in their fifties.
Kudlow leaves door open to more small business funding - POLITICO
Banks have complained that the administration didn't give them adequate guidance on how to launch the "Paycheck Protection Program".
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In an interview with POLITICO's Ben White, Kudlow defended the rollout of the "Paycheck Protection Program," which has been plagued with problems since the enactment of the $2 trillion economic rescue law, which is intended to alleviate the devastation of the coronavirus pandemic.
"If the demand is that high, which I would regard as a good thing because we just want to get folks through this tough period, why not ask for more money?" he said.
Happening on Twitter
BREAKING: Sec. Mnuchin tweets that Treasury Dept. will seek $250B to replenish SBA's Payroll Protection Program https://t.co/onf1z0ikJ4 CNBCnow Tue Apr 07 17:54:51 +0000 2020
U.S. Treasury, Fed working on 'Main Street,' municipal loan facilities: Mnuchin https://t.co/IxscQCSc4g https://t.co/pXTiqhE5Xa Reuters (from Around the world) Tue Apr 07 17:43:06 +0000 2020
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