Around Brooklyn: Velazquez releases data on COVID and small biz
Velazquez releases data on COVID and small biz
U.S. Rep. Nydia Velazquez (D-Northern Brooklyn, Lower Manhattan, Queens) released data showing that small businesses in NY-7 have received over $1.6 billion in federal aid since the onset of the COVID-19 crisis. District businesses obtained funding through the Paycheck Protection Program (PPP) and COVID-19 Economic Injury Disaster Loan (EIDL) program. “Since the pandemic began, small businesses in New York and across the country have borne the brunt of the resulting economic crisis,” said Velázquez. “During this unprecedented time, I’ve worked in Congress to construct programs that deliver small businesses the relief they need to weather these hard times.”
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