In recent months, the President and Congress have passed bills that represent four phases of stimulus. The first bill, the “Coronavirus Preparedness and Response Supplemental Appropriations Act,” deploys $8.3 billion. It largely focused on providing funds to disseminate test kits, help small businesses, and support public agencies in efforts to fight the pandemic. The second bill, the “Families First Coronavirus Response Act (FFCRA)”, deploys approximately $100 billion. Amongst other things, the bill increases unemployment insurance benefits, provides greater support through Medicaid and SNAP, provides paid sick time and leave for families, and ensures free coronavirus testing. The third bill, the “Coronavirus Aid, Relief, and Economic Security Act,” or the “CARES Act,” deploys approximately $2 trillion. This multi-faceted bill has a number of provisions benefiting individuals, families, businesses, nonprofits, and state and federal agencies. And the fourth bill, the “Paycheck Protection Program and Health Care Enhancement Act,” provides nearly $500 billion in additional support for small businesses, including nonprofits, and health care providers.
Accenture’s Chris Young joined MAX on May 22nd, to share his latest review of the stimulus and the budget realities for state and local governments and what these realities mean for us.
Click here to see a recording.
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Launched in 2014, the mission of MAX is to advance economic competitiveness in the Atlanta region by strengthening connections, collaborations, and practices among workforce developers and organizations engaged in workforce development. Through our webinar series, MAX Minutes, MAX seeks to bring timely insights to providers, intermediaries, and other partners in workforce. MAX Minutes features talks by key experts in the Atlanta region and beyond on important workforce matters. Click here for recordings of past MAX Minutes webinars.