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Last Friday, the CARES Act became law, and with it comes $2 trillion in support of Americans in response to COVID-19.
However, cooperatives may not be fully eligible to participate in SBA’s new Paycheck Protection Program, and we must move into action to ensure our worker co-ops businesses are supported during this crisis. A coalition of co-op leaders, led by our member and partner NCBA CLUSA, issued a letter this week urging the U.S. Small Business Administration (SBA) ensure that all cooperatives are eligible for the Paycheck Protection Program created by last week’s CARES Act.
Read the rest at the USFWC blog
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