All tagged economy
Last week, the SBA announced that the SVOG program will be closing to new applications at 11:59 pm PT on Friday, August 20, 2021. This program provides grants for live venue operators, promoters, arts organizations, and other businesses that were closed due to the COVID-19 pandemic.
As the advance Child Tax Credit payments began arriving a few weeks ago, many parents were surprised to receive a different amount than expected, and many have had questions about the amounts they received. Parents with children who will turn 6 or 18 by the end of the year may be receiving less than expected: only children under the age of 6 are eligible for $300 payments, and only children between the ages of 6 and 17 are eligible for the maximum $250 per month payment.
Just a month after the program began, the SBA announced in a news release that it had awarded all of the $28.6 billion allocated to the Restaurant Revitalization Fund. Requests for more than twice the total amount available had been submitted before the program was shut down on July 2. In all, approximately 101,000 grants were awarded out of more than 278,000 applications.
