Despite Congress’s approval of more than $720 billion to help small businesses during the pandemic, many businesses and nonprofits have been completely shut out of receiving this support.
A new bill from Sen. Kamala Harris (D-CA) and Rep. Ayanna Pressley (D-MA) aims to help fix this disparity: The Saving Our Street Act, which was shared exclusively with Vox, would allocate grants of up to $250,000 to businesses that have fewer than 10 employees.
The specific targeting of these “micro-businesses” is intended to ensure that smaller entities aren’t excluded from much-needed stimulus: Recent Small Business Administration data shows that …