Massive relief bill leaves some industries happy, others disappointed

Massive relief bill leaves some industries happy, others disappointed

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The National Council of Nonprofits applauded the extension, as well as other provisions, but said the package doesn’t do enough because it limits nonprofits’ access to PPP loans.

“The bill is far from enough. PPP eligibility is more limited than the first round, continuing to deny midsize and larger nonprofits any relief and turning away many organizations that remained open to deliver services only because of first-round PPP funding,” CEO Tim Delaney said.  

It also includes an extension of the 50 percent coverage of unemployment costs for reimbursing employers until March, but Delaney said that without providing full relief for unemployment costs, nonprofits will have to lay off more workers.

Source Name: 
The Hill
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