The President signed into law the $900 billion COVID-19 relief bill passed on December 21, 2020 by Congress. The legislation, the Consolidated Appropriations Act, 2021, adds $300 to extended weekly unemployment benefits, and provides more than $300 billion in aid for small businesses.

It also ensures tax deductibility for business expenses paid with forgiven Paycheck Protection Program (PPP) loans, provides fresh PPP funding, makes Sec. 501(c)(6) not-for-profit organizations eligible for loans for the first time, and offers businesses facing severe revenue reductions the opportunity to apply for a second loan.

Visit our COVID-19 Business and Community Resources page for more details on the bill, and how to apply for the various programs available.