Post sponsored by NewzEngine.com

Source: United States House of Representatives – Representative Charlie Crist (D-FL-13)

Crist Announces FL-13 Received $1.3 Billion in PPP Small Biz Assistance

St. Petersburg, FL, October 26, 2020 St. Petersburg, FL – U.S. Representative Charlie Crist (D-FL) released the following statement announcing that small businesses in Florida’s 13th Congressional District, which Crist represents, received $1.3 billion in Paycheck Protection Program (PPP) assistance, supporting nearly 174,000 local jobs amid the outbreak of COVID-19. The data comes from a report released by the House Small Business Committee and covers three rounds of PPP assistance that occurred from April to August of this year. A total of 14,246 businesses in the district received the assistance, with each loan averaging around $41,500. Financial support for these small businesses comes from the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2.2 trillion legislative package which Congressman Crist voted for back in March. In April, Crist again voted to replenish the program, appropriating an additional $310 billion and directing lenders to focus on the truly smallest mom-and-pop businesses hit the hardest. “At the beginning of this pandemic, I made a commitment to my bosses – the people – that I would do everything in my power to support our community as we weather this storm. While we still have a long road ahead, I am proud our efforts to protect Pinellas small business have helped,” said Rep. Crist. “For thousands of Pinellas business owners and their employees, the CARES Act has made an enormous impact during uncertain times. We need to pass another comprehensive relief package as soon as possible to keep our economy on the road to recovery.” Earlier this month, Congressman Crist voted in support of the Updated Heroes Act, legislation to provide even more relief for small businesses by improving and expanding the Paycheck Protection Program to serve the smallest businesses and struggling non-profits. It delivers $120 billion in targeted assistance for our beloved local restaurants, and $10 billion for independent live venue operators. Crist has spent the last few weeks visiting local Pinellas businesses and hearing from small biz owners on the relief they need to weather this outbreak. MIL OSI USA News