Pandemic Relief Packages Will Bring Assistance To Chamber Members
Posted 12/22/2020

Information provided by Texas Chamber of Commerce Executives (TCCE)

The new package will also bring significant relief to Texas businesses including your members and others in the community. Following are a few key provisions of what is included for your member companies in need of assistance:

 

Texas Workers & Job Creators:

 

  • Paycheck Protection Program (PPP): Provides more than $250 billion to replenish the program, which provides loans to allow small businesses to maintain their payroll, hire back laid-off employees, and cover interest on mortgages, rent, and utilities
  • Save Our Stages Act: Provides Small Business Administration grants totaling $15 billion for entertainment venue operators affected by COVID-19 stay-at-home orders in order to keep venues afloat, pay employees, and preserve a critical economic sector
  • Small Business Expense Protection Act: Clarifies the Small Business Administration’s Paycheck Protection Program (PPP) so small businesses can deduct expenses paid with a forgiven PPP loan from their taxes
  • Extension of the Donation Acceptance Program: Provides a one-year extension of this program promoting public-private partnerships to boost staffing and make infrastructure improvements at U.S. ports of entry without adding to the national deficit

 

Texas’ Energy Sector:

 

 

Texans in Rural Areas & Farmers:

  • Includes $300 million to build out rural broadband
  • Provides an additional $250 million for telehealth
  • Provides $11.2 billion in funding for agricultural assistance to support farmers, ranchers, logging and timber, textile mills, and producers.
  • Provides $1 billion in repurposed funding for agricultural losses due to previous natural disasters.

 

Health Care Industry Response:

  • Provides $19.695 billion for the purchase, development, and production of vaccines and $8.75 billion for vaccine distribution, administration, and monitoring
  • Provides $22.4 billion to assist states with testing and containment
  • Reauthorizes the Community Health Centers program for three years and provides $1.68 billion in appropriated funds.
  • Provides $3.25 billion for the Strategic National Stockpile of PPE and other critical supplies
  • Provides $3 billion for the Provider Relief Fund 

 

Provides for Texas education, childcare, and nutrition:

  • Provides $10 billion for childcare centers
  • Allocates $82 billion in funding to support students, teachers, schools, and families, including:
  • $54.3 billion to help elementary and secondary schools safely re-open or remain open;
  • $22.7 billion to support students and institutions of higher education;
  • And $4.1 billion as part of the Governors Fund to give states flexible funding to address students’ needs from early childhood through college
  • Continues and provides additional waivers and flexibility for School Nutrition Programs, of which two-thirds of Texas school children participate in
  • Provides $400 million in funding for the Emergency Food Assistance Program and $1.5 billion for the purchase of food and commodities to help Texas food banks meet unprecedented demand
  • Includes a six-month increase in supplemental food benefits for low-income Texans

 

TCCE will continue to bring the latest updates and information to assist your chamber, members and community.

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Newcomer Guide
Chamber Directory & Map
These premier Chamber publications are widely distributed throughout Nacogdoches County and beyond!
© Copyright 2005-2020 Nacogdoches County Chamber of Commerce. All rights reserved.
2516 North St., Nacogdoches, Texas 75965 • (936) 560-5533
Unless otherwise noted, no part of this website may be reproduced without written permission.