I own a small business since 1981. My business is off by about 50% since March 1st. My company applied for PPP the 2nd time it was offered and we were
grateful to get the funds and wouldn't hesitate to do so again. I was able to keep 6 people off unemployment and maybe welfare. One of them has worked
for me for 21 years. They still have healthcare that we pay for and they are paying their rent, buying diapers for their babies, putting food on the
table, paying the light bill, making the car payment, and so forth because the wife and I did not have to lay them off due to lack of enough work and
no money to make payroll.
In 39 years of business there have been times where I have lost sleep wondering how I was going to make payroll. That worry is not keeping me up
nights lately. There are still challenges ahead for many businesses including mine but right now we are OK.
Not all businesses were able to get help. I wish they could.
"Consumer spending composes about two-thirds of US GDP, which makes jobs, incomes, and consumer confidence vitally important for
economic recovery. With higher unemployment than at any time since the Great Depression, and 22 million net jobs lost in March and April, the hit to
consumers’ spending power evident in recent economic data might have been significant.
But stimulus efforts helped plug the hole, including direct checks to individuals, unemployment benefits, and financial support for businesses
to help them keep employees on their payrolls.
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