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Important Ways To Access Emergency Funding From The Government

How to Access $350 Billion in Emergency Funding From State and Local Governments

The Paycheck Protection Program may be over, but you can still get emergency funding. Just look closer to home.

 

How to Access $350 Billion in Emergency Funding From State and Local Governments

 

Originally Published on July 2nd, 2021 BY BRIT MORSE, ASSISTANT EDITOR, INC.@BRITNMORSE


Federal Covid-19 relief programs may be winding down or–in the case of the Paycheck Protection Program–over, but chances are, your business might still need aid.

Half of the country’s smallest businesses continue to struggle with the economic impacts of the pandemic, according to a June report by Yahoo Small Business. The survey also found that just 38 percent of microbusinesses–defined as those with fewer than five employees–received government support during the pandemic, with 85 percent saying they relied on community assistance to keep them afloat. 

If your company still needs financial support, consider tapping state and local small-business relief programs. Many of these programs were launched early in the pandemic, but they still have funds available. The American Rescue Plan Act, which President Biden signed into law on March 11, 2021, allocates $350 billion to states, localities, territories, and tribal governments to help eligible residents. Of that, $195.3 billion is going straight to the states.

According to the National League of Cities, an advocacy group for municipalities, the funds for local governments will remain available through December 31, 2026, but may only offset costs incurred by December 31, 2024. While states can elect to deploy the money in different ways, approximately 30 states, including Utah and Georgia, are using it to fuel small-business relief efforts, mostly in the form of loans or grants. Some states also offer to connect founders with resources or mentorship.

Wolf’s Ridge Brewing, a pub, and restaurant in Columbus, Ohio, was approved for a $10,000 grant through the state’s Bar and Restaurant Assistance Fund in November 2020 after the company was forced to lay off most of its 77-person staff. Co-founder Bob Szuter says the assistance program, which ended in January 2021, was not small change. “The total amount was not significant relative to the size of our business, but it certainly helped during a difficult period of 2020 when we did not know when and if there would be additional federal support,” says Szuter.

Different States, Different Rules

Every state and local program is unique–proffering different eligibility requirements, potential awards, and revenue-loss floors. Some programs require businesses to show certain revenue-loss thresholds or proof of having to close up shop. For example, businesses in Grand Junction, Colorado, can access up to $7,500 in grants but must demonstrate that the business was compelled to close or substantially limit operations because of the pandemic. New York awards grants based on an entity’s annual gross receipts for 2019, with a maximum of $50,000. Connecticut supplies one-time grants of $5,000 to businesses with fewer than 20 employees or a 2019 payroll of less than $1.5 million.

Other states offer both grant and low-interest loan programs–typically defined as loans with interest charges of less than 5 percent. Arizona’s Small Business Success Loan program offers loans of up to $75,000 with repayment terms ranging from six months to five years. Similarly, the Illinois Small Business Emergency Loan Fund provides businesses with fewer than 50 workers and less than $3 million in revenue low-interest loans of up to $50,000. At least 50 percent of a loan’s proceeds have to be applied toward payroll or other eligible compensation, including salaries, wages, tips, paid leave, and group health care benefits.

No Assurances

While these programs may still have plenty of funds available–some don’t even have an application deadline–you’d better act fast. Many programs are accepting applications on a rolling basis until the funds are gone. That’s why it’s best to get your applications in as soon as possible, says Tom Sullivan, vice president of small-business policy for the U.S. Chamber of Commerce, which has been following state programs throughout the pandemic. But track them, he says. While all 50 states are due some portion of the funding from the Rescue Plan, the timing of the disbursements may be different in each state.  

To wit, the timing of the second tranche of funding provided to states through the Rescue Plan is contingent on the local unemployment rate. According to the Treasury Department, states that have experienced a net increase in the unemployment rate of more than 2 percentage points from February 2020 to the latest available date of certification will receive their full allocation of remaining funds in a single payment on or around May 2022. Other states will receive funds in two separate, equal tranches.

With that, some states, counties, and cities may choose to establish new programs in the near future, says Sullivan. Governments have to apply through Treasury, and those applications are getting processed now, he says. He recommends first getting in touch with your local chamber or local economic development center, as these institutions may be paying close attention to the deployment of funds. 

Before you contact a local department or apply for assistance, it’s crucial to have your financial documents in order, notes Sullivan. This includes annual or quarterly profit-and-loss statements and tax documents. “Every city and county is generally a little different,” says Sullivan, “but the folks who get their stuff in first generally get preference.”

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RELATED:

Paycheck Protection Program (sba.gov)

SBA Paycheck Protection Program Update: SBA Provides Guidance On Certification Of Need And Extends Safe Harbor For Repayment Of PPP Loans – Government, Public Sector – United States (mondaq.com)


The Fourth Turning. Where Are We Right Now?

About Half Way Through the 4th Turning, the Second Half Gets Real Crazy!

Dateline: Creve Coeur, MO. USA/May 12th, 2021/By: Jeffrey L. Klump


In 1997, a book was published that detailed the history of the United States and of the world in general and the book broke down events in history into four cycles.

The title of the book was The Fourth Turning.

The book was written by William Strauss and Neil Howe.

Neil Howe has been most interviewed since the best seller was released.

Howe broke down these cycles into “turnings” of history.

These turnings are broken down into approximately 20 year periods of time.

The first turning is described as a “High”.

Old Prophets die, Nomads enter elderhood, Heroes enter midlife, Artists enter young adulthood—and a new generation of Prophets is born. This is an era when institutions are strong and individualism is weak. Society is confident about where it wants to go collectively, even if those outside the majoritarian center feel stifled by the conformity.

The second turning is an “Awakening”.

Old Nomads die, Heroes enter elderhood, Artists enter midlife, Prophets enter young adulthood—and a new generation of child Nomads is born. This is an era when institutions are attacked in the name of personal and spiritual autonomy. Just when society is reaching its high tide of public progress, people suddenly tire of social discipline and want to recapture a sense of personal authenticity.

The third turning is classified as an “Unraveling”.

Old Heroes die, Artists enter elderhood, Prophets enter midlife, Nomads enter young adulthood—and a new generation of child Heroes is born. The mood of this era is in many ways the opposite of a High. Institutions are weak and distrusted, while individualism is strong and flourishing. 

The fourth turning is a “Crisis”.

Old Artists die, Prophets enter elderhood, Nomads enter midlife, Heroes enter young adulthood—and a new generation of child Artists is born. This is an era in which America’s institutional life is torn down and rebuilt from the ground up—always in response to a perceived threat to the nation’s very survival. Civic authority revives, cultural expression finds a community purpose, and people begin to locate themselves as members of a larger group. In every instance, Fourth Turnings have eventually become new “founding moments” in America’s history, refreshing and redefining the national identity.

According to Howe, 2008 began the fourth turning and says it may last until 2030.

If so, we are about halfway through the fourth turning.

Even Neil Howe didn’t foresee what was coming in 2020.

Pandemic, lockdowns, mask-wearing, toilet paper mania, riots, economic upheaval, chaotic election, vaccines and that was just in one year!

The year 2021 is getting off to a robust start with inflation rampant and hyperinflation knocking at the door of the world’s reserve currency, the U.S. dollar.

In February of 2021, Dr. Michael J. Burry of the “the Big Short” fame posted a tweet that went viral regarding inflation and hyperinflation of the U.S. dollar.

Burry warned that a rapid increase in the money supply, which has been going on under Trump for four years and now Biden, would lead to catastrophic consequences for the dollar.

Burry received a visit from the government shortly after that tweet.

The SEC showed up at his doorstep.

They weren’t there to question him about his involvement with GameStop.

Burry had a huge following on Twitter until he removed his profile last month.

I spoke with him briefly last week and via email and he told me that he will keep his thoughts to himself from here on out.

I got the impression that the Fed’s put the scare into him.

The year 2021 will be the year everything collapses from the U.S. stock and bond markets to the United States government, and all Western governments.

Everyone will be rushing into commodities and precious metals like gold and silver, and the rush into cryptocurrency, like Bitcoin, will continue.

The gold price and the price of silver have been manipulated by the Federal Reserve and Wallstreet banks like J.P. Morgan, for decades.

In the end, the Federal Reserve Bank loses control of everything.

Financial and economic events are not the only problems facing America and the world.

You are already seeing political upheaval in France, and the Middle East.

These will spread elsewhere and quickly.

France is mentioned prominently in prophecy.

Another issue that almost no one knows about and what NASA has been talking about is the Grand Super Cycle Solar Minimum that we have been in and are going deeper into.

Our planet has moved into what is known as a Maunder Minimum.

This could last until 2050 or beyond.

There will be an overall cooling of our planet which could result in a mini ice age.

The smartest man in the world and modern-day Nostradamus, Clif High, has been tracking and reporting about the solar minimum that we have entered, for years.

One of the biggest problems this solar minimum will have for humans is crop failures especially those living North of the equator.

You will eventually see a huge migration southward and for those living in the United States and worried about illegal immigration. One word: Don’t!

Those that have moved into the United States from Mexico will be trekking back to Mexico and you may even see some Yankee Americans following them.

Mexico will be sitting in a great position because of its proximity to the equator, its climate, and Mexico is also sitting on the largest silver reserves of any country.

Another problem with this solar minimum is weather patterns will change.

Right now you are seeing the lowest temperatures in the United States for the month of May, since the 1600s.

The up and down temperature swings will continue and you will also see an increase in seismic and volcanic activity.

Finally, one area that we have not covered is the Spiritual realm.

In a recent communique from the last of the living experts on the Fatima prophecies, Father Paul Leonard Kramer, said that the chastisements that are written about in the 3rd Secret of Fatima, which has never been disclosed to the world, and which only a few people have ever seen, have begun to unfold.

Kramer stated that the manufactured pandemic known as Covid 19 marked the beginning of the chastisements for the earth and the people living on earth.

Kramer is finishing his second volume to the book, “To Deceive the Elect”.

The prudent prepper needs to stock up on the following items if they expect to survive the second half of the Fourth Turning.

These items include :

  • Water
  • Food
  • Lead
  • Silver
  • Gold

Yes, indeed.

The second half of the Fourth Turning is here and it is going to be crazy!.

Related:

Modern Grand Solar Minimum will lead to terrestrial cooling (nih.gov)

Update: 

Michael Burry Reveals Massive Tesla Short, Huge Inflationary Bet | ZeroHedge