November 30, 2022

Small Business

Business Nes

Grijalva monthly bill would provide COVID-19 relief to businesses near border

3 min read
U.S. Rep. Raúl Grijalva

Compact enterprises within 25 miles of the U.S.-Mexico border could get up to $500,000 in COVID-19 relief beneath a monthly bill introduced Thursday by Rep. Raúl Grijalva.

If the Border Small business COVID-19 Rescue Act results in being legislation, modest companies would be suitable for $10,000 grants or up to $500,000 in financial loans. 

The income would be dispersed by the Modest Small business Administration’s Crisis Injury Disaster Loan Method. 

Grijalva, D-Ariz., decided to target on organizations close to the border following searching at the distribution of the Paycheck Safety Software cash.

“It is obvious that several minority-owned corporations ended up some of the last to get relief — if at all,” Grijalva instructed The Arizona Republic in an emailed statement. “Simultaneously, a great deal of the Paycheck Safety Application money went to much larger organizations.”