More than 100 current and former CEOs are urging Congress to approve another round of small business aid in the next coronavirus relief package or risk exponentially more harm to the economy.
Modifying and extending the small business lifeline Congress approves in the form of the Paycheck Protection Program (PPP) could stave off a potentially “catastrophic” wave of permanent small business closures that could hit as early as Labor Day. Already, many businesses have shut their doors for good after buckling under the strain of the coronavirus and government-mandated shutdowns.
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