SMALL BUSINESS RELIEF AND RECOVERY FUND
Invest $300 Million ARPA funding for Equitable Small Business Relief and Recovery
For the past two years, small business owners have fought heroically to operate their businesses under the most challenging circumstances imaginable. Business owners have adapted and
pivoted countless times and while we have seen thousands of businesses close, we have seen many others find a way to survive. Most recently, the Winter Omicron surge has exacerbated these challenges, especially for restaurants and other service-based businesses.
The economic disruption has had a particularly devastating impact on under-resourced smaller businesses owned by people of color, immigrants, women, and lower income entrepreneurs. These businesses have smaller financial reserves and less access to the resources, connections, customers and technology needed to survive and rebound from this crisis.
Today, the crisis in our small business community continues, as does the opportunity for transformative investments that close disparities and expand opportunity.