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COVID-19 updates: Schools to remain closed until April 6 (at least); Small business relief fund announced

March 23, 2020

All schools in Pennsylvania will remain closed until at least April 6th, according to a new order issued by Gov. Tom Wolf. This includes all schools in the School District of Philadelphia. The previous order shut down schools through March 27, but in light of the growing number of COVID-19 cases in the state (644 total cases were reported on Monday) it was expected to be extended.

In Philadelphia, a $9 million small business relief fund was announced on Monday. The City of Philadelphia and the Philadelphia Industrial Development Corporation (PIDC) launched the fund, which will provide grants and loans to small businesses affected by the pandemic. The fund helps businesses with less than $5 million in annual revenue. 

The Philadelphia COVID-19 Small Business Relief Fund includes the following types of assistance:

Microenterprise grants – $5,000 per business for businesses with less than $500,000 in annual revenue;
Small business grants – up to $25,000 per business for businesses with annual revenue between $500,000 and $3 million;
Small business zero-interest loan – up to $100,000 per business for businesses with annual revenue between $3 million and $5 million.

For more information and to apply, go here.

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