Oregon Dairy Center in Lancaster, Pennsylvania, couldn’t allow its milk go to waste.
One rural grocer is donating the milk processed on its farm to a local food bank, putting to use a product that dairy operators across the nation are being forced to pour down the drain after demand from bars and restaurants fizzled.
At least 75 publicly traded companies — some with market values of well over $100 million — tapped the government-backed loans.
The House is expected to vote Thursday, and President Trump could sign it into law as soon as that evening.
The company is committing $1 million — in the form of $2,000 grants — to assist independently owned diners.
The online retailing giant has long asserted, including to Congress, that when it makes and sells its own products, it doesn’t use information it collects from the site’s individual third-party sellers — data those sellers view as proprietary.
It will add to the already unprecedented levels of federal spending
What’s at stake could be the survival of thousands of businesses if insurers don’t pay and the insolvency of big-name insurance companies if they do.
The PPP program is aimed at helping small businesses weather fallout from the coronavirus crisis, and the loans and interest are designed to be forgiven if employers retain or rehire most of their workers.
There were more than 1.7 million loans approved in the first round of the program
A travel industry executive is pushing for the economy to reopen so his business doesn’t have to rely on government handouts.
Treasury Secretary Steven Mnuchin has credited PPP with saving 30 million American jobs so far.
Restaurants and hotels were granted some flexibility in the legislation.
The relief package, aimed at replenishing funds for small businesses, is expected to pass a House vote on Thursday.
Former HP CEO Carly Fiorina said the Trump administration must prioritize coronavirus relief spending for small businesses in the next funding package.
FOX Business’ Stuart Varney during his latest “My Take” argues America is beginning to understand the economic pain brought by the coronavirus.
Banks are expected to issue new guidance for small business owners on Friday.
During a coronavirus task force briefing on Monday, President Trump said that the administration would like to avoid making companies face liability if employees who are sent back to work contract the coronavirus while on the job.
A $483 billion coronavirus aid package flew through the Senate on Tuesday after Congress and the White House reached a deal to replenish a small business payroll fund and provided new money for hospitals and testing.
The outrage over Ivy League power school Harvard University receiving $8.7 million in federal aid has reached the White House.