Local governments are also stepping up to support small businesses in their communities. Each local government should see if there are funds or other resources that can be mobilized to help businesses. Of course, many governments are facing their own challenges, so resources may be limited.
In Atlanta, the city council set aside $1.5 million to support malaysia business email list small businesses. Chicago launched a $100 million Small Business Resiliency Fund that will provide low-interest loans. Meanwhile, in Denver, businesses can apply for grants of up to $7,500. In New York, businesses that have suffered a 25% or more decline in revenue can get interest-free loans of up to $75,000.
Rules and eligibility vary from community to community. If your city government is considering an aid program, consider both what other cities are doing and the needs of local businesses.
In conclusion
Many other programs have been launched by government officials and other organizations. Already, members of Congress are discussing additional stimulus measures. If additional stimulus measures are announced, make sure you understand the details. Businesses in your community may be eligible for assistance, and they will most likely need it.
Local authorities offer increased support
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