Friends and Supporters, In just a matter of weeks, the coronavirus outbreak has crippled millions of American small businesses and sent jobless claims through the roof. Our nation’s small businesses drive our economic growth and employ millions of Americans, but without immediate relief, they risk closing forever. In an effort to provide relief, Congress just introduced the Paycheck Protection Program (PPP). The PPP is a $350 billion program that provides 8 weeks of cash-flow assistance to help small businesses maintain their payroll expenses during this crisis. But most importantly, the PPP loan is completely forgiven so long as it is used to cover payroll costs like salaries, interests on mortgage obligations, rent, insurance premiums, and utilities. Here in Southwest Washington, we know how important small businesses are to our communities, and PPP is a pro-business initiative that seeks to keep them open. Rest assured that we are all working together to support American families, workers, and small businesses as we navigate this crisis to emerge stronger than ever before. Thanks, Team Jaime
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