In a statement on the first anniversary of the American Rescue Plan (ARP), President Biden’s plan to contain COVID-19 and rescue the economy, the Small Business Association (SBA), said the plan has given $450 billion to small business.
SBA Says American Rescue Plan Has Given $450 Billion to Small Business
To mark the one-year anniversary, SBA Administrator Isabella Casillas Guzman, issued a statement on how the ARP has been critical for small business survival.
“The SBA was transformational for small businesses, providing over $450 billion in critical recovery funding to more than 6 million entrepreneurs, helping them survive, reopen, and once again thrive even in the face of deep challenges.”
Helping Small Businesses Navigate Challenging Times
The SBA Administrator went on to note how the different programs of the American Rescue Plan have helped small businesses and entrepreneurs navigate these challenging times.