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American Rescue Funds coming to small businesses

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The American Rescue Plan Act (ARPA) is providing additional relief for the nation’s small businesses and hard-hit industries. Applications for funding are currently being accepted by the Small Business Administration (SBA). Shuttered venues, like movie theaters, as well as restaurants, may be eligible for grants through the SBA. There is also another round of Paycheck Protection Program (PPP) funding and Economic Injury Disaster Loans (EIDL).  In a separate measure, ARPA funds are expected to trickle down through the state of Georgia to local municipalities around July 1. The monies will be disseminated in two allocations, with the second coming 12 months after the first. Peachtree Corners is planning to offer another small business assistance grant program. Specific details are currently being finalized. For more information about the American Rescue Plan Act of 2021, visit sba.gov

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