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“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.
“We’ll see how it plays out,” says Connecticut Restaurant Association Executive Director Scott Dolch.
Gov. Ned Lamont also said that talks are ongoing with “a major Connecticut company” that is expressing optimism about developing a vaccine for the virus.
The president of one Stamford company said she’d been sparring with Chase – her bank of choice for over 25 years – over her firm’s PPP loan practically since the program was announced. “They’re probably the poster child for incompetency," she said.
For the second straight day, the number of people hospitalized both in Connecticut and in Fairfield County due to complications caused by COVID-19 decreased, Gov. Ned Lamont announced today.
Although Connecticut added another 45 COVID-19-related deaths since yesterday, bringing its total to 380, Gov. Ned Lamont said the rate of increase in hospitalizations is "not going up -- in fact, it may be going down a little bit," a possible sign that the state's number of coronavirus incidents has peaked.
In other developments today: The state is currently on track to end Fiscal Year 2020 with a General Fund deficit of $170 million; a new statewide organization has been formed to help Connecticut's nonprofits; and according to one model, Connecticut’s hospitals will hit peak resource use on April 16, at which time there will be a shortage of 2,167 hospital beds and a deficit of 499 ICU beds. The same model predicts 1,092 virus-related deaths here through Aug. 4.
U.S. Sen. Richard Blumenthal (D-Connecticut) told webinar listeners yesterday that “we have tried to do very quickly what normally would have taken months. I hope we can get money out as soon as possible.”
In addition, 51 people are hospitalized and three more have died since Saturday from complications the virus, bringing the total number of deaths in the state to eight.
The $1 trillion spending proposal from the White House would include $500 billion in direct payments to Americans. Indications are that that bill will be introduced early next week.
President Donald Trump declared a national emergency this afternoon, freeing up additional funding for more labs to begin testing for COVID-19 and making available...