By 
Tonight, at a St. Louis County council meeting, County Executive Dr. Sam Page will discuss his plan for how the funds approved by Congress, known as the CARES Act, should be spent in St. Louis County.
The county is expected to receive about $175 million when the money is distributed in the next few weeks.
The main features of the CARES Act for small businesses are emergency grants and a forgivable loan program for companies with 500 or fewer employees, $10 billion for grants of up to $10,000, to provide emergency funds for small businesses to cover immediate operating costs, and $17 billion to cover six months of payments for small businesses already using SBA loans.
The priorities of the spending will be to save lives, help residents meet basic needs and to revive the economy.
“In St. Louis County, we have more than 1,000 people who have tested positive (for COVID-19). Tragically, more than 20 of our residents have lost their lives to this virus,” Page said. “We know that the surge of this virus will impact more of our residents. Meanwhile, our businesses are struggling, and we have to make it possible for them to bounce back, once this pandemic is over.”
The meeting, at 6:30 p.m., Tuesday, April 7, can be viewed at: youtube.com/channel/UCVp5rbCqu1VnPr04HbvYP9w/videos.
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