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Connecticut on track to receive $4 billion from newly signed COVID relief bill

Gov. Ned Lamont says Connecticut stands to receive about $4 billion in direct relief from the COVID-19 relief bill signed by President Donald Trump.

News 12 Staff

Dec 29, 2020, 12:34 PM

Updated 1,271 days ago

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Gov. Ned Lamont says Connecticut stands to receive about $4 billion in direct relief from the COVID-19 relief bill signed by President Donald Trump.
The COVID relief bill is now in the hands of the senate after House Democrats have passed a bill increasing payments from $600 to $2,000, for Americans making less than $75,000 a year.
As of now, $1.6 billion would go toward the stimulus checks for Connecticut residents.
Another $695 million would go toward unemployment assistance, and $237 million would go toward rental assistance.
The bill also includes $745.5 million to education.
Also under the stimulus bill, $325 billion is being set aside for small businesses across the country.
According to the state Department of Economic and Community Development, small businesses in Connecticut that 
didn't qualify for federal aid the first COVID-19 bill can apply again.
The bill also allows for a second draw allowing businesses with under 300 employees that suffered a revenue loss at least one financial quarter this year can get another secure forgivable PPP loan.
The state says they're targeting the businesses hardest hit.
State officials encourage small businesses to reach out to their banks, and to also check the Connecticut state website for more guidance about the stimulus checks in the coming days.


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