How the CARES Act Impacts U.S. Businesses
Velocity Global
APRIL 29, 2020
On March 27, 2020, the president signed into law the CARES (Coronavirus Aid, Relief, and Economic Security) Act. At $2 trillion, it is the largest economic relief package in United States history. The CARES Act provides much-needed relief for individual taxpayers, small and medium-sized businesses, and corporations. It also injects necessary funding into hospitals and public health organizations, education, and state and local governments through one-time payments, grants, and loans.
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