Rep. Sean Patrick Maloney (NY-18) announced today the Paycheck Protection Program, which was established through Congress’s Coronavirus Aid, Relief and Economic Security (CARES) Act and administered through the Small Business Administration, helped 11,070 small businesses and nonprofits in New York’s 18th Congressional District retain 96,488 workers on their payrolls during the pandemic.
“This new data released by the SBA shows how crucial Congress’s pandemic response programs are for New York’s struggling small business owners. With the help of the Paycheck Protection Program, over 11,000 Hudson Valley small businesses were able to retain their employees,” said Rep. Sean Patrick Maloney. “I will continue to demand more transparency from this Administration about these SBA programs, and fight for more federal resources to protect Main Street during and after this pandemic.”
The CARES Act, which Rep. Maloney helped pass in March, established forgivable loan and grant programs within the SBA to support small businesses through the pandemic. The Paycheck Protection Program (PPP) and Economic Impact Disaster Loan (EIDL) and grant programs provide critical support to millions of small businesses across America, allowing small business owners to keep their workers on the payroll during the COVID-19 public health crisis and cover the operating costs and financial obligations of their business.
The new data released by the SBA can be found here.
Small business owners with questions about the SBA’s coronavirus economic impact relief programs are encouraged to contact Rep. Maloney’s Newburgh office by calling 845-561-1259, or by emailing through the Congressman’s website: seanmaloney.house.gov.