On March 27, 2020 the president signed the Coronavirus Aid, Relief and Economic Security Act (CARES Act), the third COVID -19 relief bill, into law.  The more than $2 trillion package seeks to address financial pressures facing individuals, businesses, and state and local governments due to the pandemic.  The law will also provide emergency funding for  hospitals, testing and vaccine development.

Information for small businesses that are considering applying for a loan through the Paycheck Protection Program.   Congress provided up to $349 billion for the Small Business Administration Paycheck Protection Program.  The program is authorized to make loans, which are eligible to be forgiven, to small businesses to pay their employees during the COVID-19 crisis.