By Klatzkin Tax Team
The COVID-19 pandemic has certainly created challenging economic conditions for New Jersey and Pennsylvania-area businesses. Unfortunately, the issues which occurred during the onset of the pandemic, including but not limited to high unemployment, limited access to working capital, and the need for modified business models, have yet to subside.
The Paycheck Protection Program (PPP) is one of the most popular COVID-19 relief programs offered by the Small Business Administration (SBA). There have been more than 132,000 and 150,000 loans issued in New Jersey and Pennsylvania, respectively.
By ISHAAN ANAND
On April 28. 2021, President Biden formally unveiled the next phase in his planned economic recovery package, the $1.8T American Families Plan (AFP). Together with the American Jobs Plan, the AFP is described as a “once in a generation” investment in the diverse needs of American workers and families.
