The Governmental Affairs Committee of the Elmhurst Chamber of Commerce and Industry is sharing small business-related information from Choose DuPage included within the $2.2 trillion Coronavirus Aid, Relief and Economic Security (CARES) Act provided by the United States Senate Committee on Small Business & Entrepreneurship, as follows:
The Small Business Owner’s Guide to the CARES Act includes information and links on the major programs and initiatives for small businesses, certain not-for-profit organizations and other employers, answers to frequently asked questions and some additional tax provisions.
The 11-page guide covers Paycheck Protection Program Loans, Small Business Debit Relief Program, Economic Injury Disaster Loans (EDIL) and Emergency Economic Injury Grants, Small Business Counseling, Small Business Contracting and Small Business Tax Provisions.
The CARES Act includes $350 billion in financial relief for small businesses and not-for-profit organizations to be administered through the U.S. Small Business Administration (SBA).