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All told, 140 grants worth nearly $102.3 million have been approved for Connecticut venues,
"The harsh reality is that it’s getting harder trying to balance rising costs” with revenue, says Connecticut Restaurant Association Executive Director Scott Dolch.
There has been no indication whether the federal government plans to replenish the RRF.
“They never quite got everything ironed out,” says Anna Serio of the Small Business Administration's handling of the Paycheck Protection Program initiative.
To date, the Connecticut department of the Small Business Administration has approved over $27.7 billion in loans to businesses in the state to get through Covid-19 – and more is on the way.
The agency says that over 50,000 additional PPP loans have been approved, totaling $3.1 billion for Connecticut businesses and entities in 2021.
The #CTDrinksOnUs campaign features participating Connecticut restaurants offering a complimentary drink to vaccinated patrons who order food.
Fox News and MSNBC provide “different realities and different sets of facts” to their loyal viewers, the Congressman told the Norwalk Chamber of Commerce.
Nationally, through Jan. 31 there have been 891,044 approvals for nearly $7.3 billion, with 4,942 lenders participating.
All told, 8,595 Connecticut businesses received at least $150,000 in loans from the $669 billion PPP program.
“The Paycheck Protection Program has been an overwhelming success and served as a historic lifeline to America’s hurting small businesses and tens of millions of workers,” said SBA Administrator Jovita Carranza.
According to the CTSBDC, 99% of the state’s businesses are considered a small business, with 500 employees or less.
“We’ll see how it plays out,” says Connecticut Restaurant Association Executive Director Scott Dolch.
Among lenders, JPMorgan Chase & Co. accounted for the largest number of jobs supported – over 1.6 million – followed by Bank of America Corp. (nearly 1.47 million) and Zions Bank (about 1.05 billion).
Details have emerged about the $100 million New York Forward Loan Fund (NYFLF) that was recently announced by Gov. Andrew M. Cuomo to help...