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During the April 3, 2020 Weekly COVID-19 Development Finance Briefing, experts from the North Carolina Rural Center, the Local Initiatives Support Corporation, and the New Orleans Business Alliance discussed their respective approaches to local financing programs to support small businesses.
SBA, Treasury Launch $349B Paycheck Protection Program
The CARES Act establishes a new $349 billion Paycheck Protection Program that will provide much-needed access to capital so they can sustain their businesses and keep their workers employed. The new loan program will be available retroactive from Feb. 15, 2020, so that employers can rehire their recently laid-off employees through June 30, 2020.
What Each State Is Doing to Help Restaurants Harmed by COVID-19
Many states are loosening liquor laws and extending tax deadlines, and some are offering low- or no-interest loans or grants. See what forms of assistance are available in your state.
Announcing the CDFA-ARI Rural Finance Webinar Series
CDFA is pleased to announce the CDFA-ARI Rural Finance Webinar Series, a free, informative, and time-sensitive online series to serve rural America and the unique challenges they face. Join us on April 15, 2020, for the first installment of this series, where we will explore the immediate COVID-19 response and resources at the state, local, and national levels that local leaders can use to reduce the impact of this crisis.
Selling Pressure Returns to Munis as Coronavirus-Driven Credit Concerns Grow
Thanks to economic uncertainty, March’s volatility has led to some of the widest price swings the market has seen since benchmark data was created and it continues as the second quarter begins.
APTA Calls for Infrastructure Bill in Response to COVID-19
The American Public Transportation Association (APTA) endorsed U.S. Democratic House leaders’ call this week for work on a fourth economic recovery legislative package in response to the coronavirus pandemic, with the next bill focused on infrastructure.
Opportunity Zone Deadlines Extended By COVID-19 Disaster Declarations
The COVID-19 pandemic has led the Governors of many states to request that their states be declared federal disaster areas. These declarations will extend two important deadlines in the rules relating to investments in qualified opportunity zones.
Check Out the CDFA COVID-19 Resource Center
CDFA developed the COVID-19 Resource Center to serve as a central hub of everything the development finance world is doing to mitigate the impacts of COVID-19. You’ll find daily news, a state response map, local and state financing programs, access to our Comprehensive Recovery Strategy, Weekly Briefings, and much more on the COVID-19 Resource Center.
Muni Heavy Infrastructure Bill Touted by House Democrats
A $760 billion infrastructure plan packed with help for the public finance sector is being offered by House Democrats as the legislative vehicle for the fourth coronavirus emergency spending bill that would focus on economic stimulus.
COVID-19 Stimulus: Bailout for Corporate Agribusiness or a Lifeline for Our Food System?
The COVID-19 stimulus package signed into law last week included US$23 billion for agriculture. This relief is warranted: access to safe and healthy food is paramount right now, and agriculture is a crucial pillar of our economy.
COVID-19 Is Pushing Our Food System to Its Limits
At the highest level, this pandemic has revealed the shortcomings of our food industry, or rather our ability to ensure the economic security of our food workers during a crisis. Without immediate, short-term financial relief to address disrupted demand from coronavirus containment efforts, farmers risk revenue loss that is impossible to recover from.