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- State economic agencies turn focus to supporting existing businesses impacted by COVID-19 pandemic
- Loan programs and other relief supplement federal efforts to minimize business closings and layoffs
- Push for onshoring set to renew competition among states for emerging jobs
- State and local leaders announce the launch of the loan program for eligible businesses in Ansonia, Derby and New Haven
- Qualifying businesses must be owned by women or minorities and employ 20 or fewer people
- Loans of up to $25,000 available
- Paycheck Protection Program (PPP) loan deadline extended to Aug. 8
- $130 billion remains available to applicants after expiration of previous deadline
- On July 4, President Donald Trump extended the deadline for PPP loan applications for more than another month
- Loans can be completely forgiven if spent within certain timeframe on approved expenses
