BOISE — Idaho has already approved more than $26 million in “Idaho Rebound” cash grants for 2,608 small businesses impacted by the coronavirus, and is expanding the program to also
“We were focusing on the gap population that did not receive Paycheck Protection Program (PPP) and Pandemic Unemployment Assistance,” said Alex Adams, the governor’s budget director and chair of the Coronavirus Financial Advisory Committee, which approved the expansion in a unanimous vote late Friday afternoon. “We now know that with the second wave of federal PPP funding, approximately 28,000 Idaho businesses have received PPP, so significant funds will still be available for Wave 3.”
The first wave of applications was for businesses with 1-19 employees; the second wave, for which applications opened on Monday, is for businesses with 1-50 employees. The third wave will open May 27, for the self-employed or businesses with 1-50 employees.
This is great that Idaho has made $300 million available in cash support to small businesses. This is more than any other state and Mr. Adams and the state should be proud of their advocacy and support for small business. a...@...v
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