Protection program benefits GR
Hundreds of jobs protected
July 22, 2020
Businesses in Green River received More than $2 million in loans created through the Coronavirus Aid, Relief and Economic Security Act.
In total, the amount protected 745 jobs, according to data released by the U.S. Department of the Treasury. The CARES Act was approved by Congress to help address economic fallout from the COVID-19 pandemic. One of the areas funded by the act created a Paycheck Protection Program through the Small Business Administration, which allowed employers to apply for loans to help stave off layoffs.
Loans requesting less than $150,000 amounted to $1.18 million for 9...