Backatwork
- Christopher Saccoccia
- Vladislav Sobolev
- Jennifer Saccoccia
PURPOSE
1. Provide grants and loans to small businesses: The federal government can provide grants and loans to small businesses that have been negatively affected by the Covid-19 outbreak. These funds can help them cover costs such as payroll, rent, and other expenses.
2. Offer tax relief: The government can offer tax relief to small businesses in the form of reduced taxes or delayed payments. This will help them stay afloat during this difficult time.
3. Create a loan forgiveness program: The government can create a loan forgiveness program for small businesses that have taken out loans to cover their expenses during the pandemic. This will help them pay off their debts without having to worry about repaying them in full.
4. Provide technical assistance: The government can provide technical assistance to small businesses in order to help them navigate the changing business landscape due to the pandemic. This could include helping them access online resources, providing advice on how to adjust their operations, or connecting them with experts who can provide guidance on how best to manage their finances during this time.
5. Increase access to capital: The government can increase access to capital for small businesses by providing incentives for banks and other lenders to lend money at lower interest rates or offering direct loans from the government itself at low interest rates. This will help ensure that small businesses have enough money available to keep operating during this difficult period.
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