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Governor Announces Small Business Assistance Amid Pandemic Fears

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With the uptick in COVID-19 and Coronavirus cases throughout America news that Governor Greg Abbott plans to reopen parts of the Texas economy with the signing of an executive order this week has met with mixed reviews. In advance of this news, President Donald Trump has taken to Twitter saying that the power to “open up the states” sits with him and the United States government, and not with the governors of individual states. Small business and the general public are presently waiting to see what happens next.

President Trump also added to his social media posts that “the Administration and I are working closely with the Governors, and this will continue, ” saying, “A decision by me, in conjunction with the Governors and input from others, will be made shortly!” At a press conference on Monday, April 13, 2020, Governor Abbott announced $50 million in small business loans as part of a strategy to assist those suffering during the pandemic. However, he didn’t address the tweets made by the President.

Governor Announces Small Business Assistance Amid Pandemic Fears

Photo: envato elements

Reports indicate that Abbott maintained he spoke with the White House Coronavirus Response Coordinator, Dr. Deborah Birs, as well as Vice President Mike Pence with respect to the need to “safely reopen the state for doing business.” He cautioned that the situation  was “not going to be a rush-the-gates, everybody-is-able-to-suddenly-reopen-all-at-once” atmosphere. “Our ability to open businesses in Texas will be tied to our ability to contain the spread of the coronavirus. … We want to expand those that are able to open,” he said.

In the Governor’s announcement regarding small business loans in Texas, he further noted that strategies for such programs as well as reopening the economy will be revealed later this week. In the face of the COVID-19 and Coronavirus pandemic, Abbott advised that the intent is to “slowly, strategically, smartly and safely” have private businesses reopen. “What this capital will do will provide these companies the resources they need to keep employees on the payroll for the remaining few weeks or so until businesses can begin that process of opening back up,” he explained.

Governor Announces Small Business Assistance Amid Pandemic Fears
Photo: envato elements

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