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States Try to Rescue Small Businesses as U.S. Aid Is Snarled - The New York Times

www.nytimes.com

State governments are offering loans, grants and tax rebates, but budget constraints limit their impact. With the economic recovery faltering and federal aid stalled in Washington, state governments are stepping in to try to help small businesses survive the pandemic winter. The Colorado legislature held a special session last week to pass an economic aid package. Ohio is offering a new round of grants to restaurants, bars and other businesses affected by the pandemic. And in California, a new fund will use state money to backstop what could ultimately be hundreds of millions of dollars in private loans.

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