COVID-19 Business Updates | $2T Federal Recovery Bill

U.S. Senate Approved $2T Recovery Bill

The U.S. Senate approved a $2 trillion recovery bill that now must be passed by the U.S. House of Representatives.

If the House does not change the key provisions of the bill, it will provide:

$250 billion direct payments to Americans
$350 billion in forgivable small business loans that would allow business owners to meet three months of payroll rather than laying off employees
$250 billion in expanded unemployment insurance benefits
$500 billion in loans for distressed companies

We will know full details as the U.S. House of Representative and the President respond to the Senate's recovery package.

Talk to Your Local SBDC

The Colorado Small Business Development Center (SBDC) Network has been mobilizing itself to be a resource to small business owners across the state.

Take advantage of the following SBDC resources:

Sign up for a free consulting session with your local SBDC
Attend a webinar run by your local SBDC.
Read the Small Business COVID-19 Quick Resource Guide (PDF).

Local SBDC Centers

Boulder

Larimer

Thank you for signing up for COVID-19 email updates from the Colorado Office of Economic Development and International Trade. We expect to email you whenever we have news to share, which could be daily or weekly depending on the situation.

Please be sure to visit OEDIT's COVID-19 Business Resource Center , as that webpage has the most recent news and resources.

Colorado Office of Economic Development & International Trade

1600 Broadway Suite 2500 Denver, Colorado 80202

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