CARES ACT EXPLAINED
MCDOWELL COUNTY--The signing of the Coronavirus Aid, Relief, and Economic Stimulus (CARES) Act by President Trump brings a sigh of relief to businesses and individuals as people hustle to prepare for isolation with the Shelter in Place Order taking effect at 5 p.m. Monday, March 30, 2020.
It's also left them with many questions that have Washington officials and governors scrambling to get the correct information out and start creating the Standard Operating Procedures needed to roll this package out.
Relief is coming, says Small Business Administration Regional Director Sharon K. Harvey, but it's going to take time. Much of this is new, she explained. This means White House officials are now tasked with working out what they refer to as Standard Operating Procedures (SOP) that will define technical details of implementing the aid included.
To find out exactly what economic assistance is available to businesses and individuals, compare options, such as an SBA Emergency Disaster Loan or Payroll Assistance Loan included in CARES, click the link below.