Economy & Jobs

The lawmakers asked that the new funding be specifically targeted towards producers who were ineligible, or did not receive sufficient assistance from the Coronavirus Food Assistance Program (CFAP), or from the National Oceanic and Atmospheric Administration’s (NOAA) Section 12005 funds.

“The Moving Forward Act is the first infrastructure package in history to address the crumbling foundations crisis,” said Rep. Courtney.

Yesterday, Congressman Joe Courtney (CT-02) joined Rep. Joseph D. Morelle (NY-25) and 55 other Members of Congress in writing to Treasury Department Secretary Steven T. Mnuchin and...

“We’ve got thousands of small employers, non-profits, mom-and-pop stores, manufacturers and other small businesses in eastern Connecticut who are facing permanent financial damage from COVID-19 because their business interruption insurance fails to cover losses and closure due to the COVID-19 pandemics,” said Congressman Courtney.

“Last Wednesday, the Chair of the Federal Reserve, Jerome Powell, bluntly warned that the gravity of the COVID-19 recession – worse than any recession since World War II – requires more fiscal action by Congress, and soon,” said Congressman Courtney.

Today, Congressman Joe Courtney (CT-02) released a letter that he wrote to several eastern Connecticut chambers of commerce to provide clarification for small businesses on the federal tax impact of a forgiven Paycheck Protection Program (PPP) loan.

“Passage of the bipartisan CARES Act opened up numerous additional resources for small business owners, and kickstarted brand new programs that will help streamline cashflow directly to small businesses,” said Rep. Courtney.

“The COVID-19 pandemic has upended life for everyone, but people in eastern Connecticut need to know that more help is on the way,” said Rep. Courtney.