Governor Wolf Announces Financial Assistance Available to Small Businesses

Today, Governor Tom Wolf announced that new funding is available to help small businesses impacted by the novel coronavirus, COVID-19, through a new program under the Pennsylvania Industrial Development Authority’s (PIDA) Small Business First Fund, the COVID-19 Working Capital Access Program (CWCA).

The Commonwealth Financing Authority (CFA) recently authorized the transfer of $40 million to the Small Business First Fund for CWCA. PIDA authorized making $60 million available to provide loans of $100,000 or less to for-profit businesses with 100 or fewer full-time employees. Funds are expected to become available this week.

As of 12:00 AM, March 25, there are 276 additional positive cases of COVID-19, bringing the statewide total to 1,127 in 44 counties. The Department of Health also reported four new deaths, bringing the statewide death total to 11. County-specific information and a statewide map are available here. All people are either in isolation at home or being treated at the hospital.

Gov. Wolf has enacted stay-at-home orders for 10 counties: Allegheny, Bucks, Chester, Delaware, Erie, Lehigh, Monroe, Montgomery, Northampton, and Philadelphia counties. The newest order, for Lehigh and Northampton counties, takes effect at 8:00 PM today, Wednesday, March 25. All orders will continue until April 6, 2020.

Read the full article here.

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