29 minutes | Feb 19, 2021

New Stimulus Package (Ep. 12)

Today John Vandergriff and Zach Hill go back and forth on the recent $900B stimulus package, where most of that money was allocated, and how it affected the economy. John also ties in how this money, and future stimulus packages, can be managed wisely.--------This episode's notes:Checks of 600 versus 1200 last timeFamilies got $600 per childUnemployment at $300 per week versus 600 last timeExtension runs through March 14 (previous $600 boost expired on July 31)4 million have been unemployed for more than six months6 million are on unemployment aidRepurposes $429 billion in unused funding from CARES actPPP round twoRevenue must have decreased by 25% in one quarter this year compared to last yearCannot get PPP if you’re publicHave to have been in operation prior to Feb 15 2020300 or fewer employees (compared to 500 or fewer)Food and beverage gets 3.5x instead of 2.5x$15 billion for the entertainment industry, specifically independent music venues and theatersThe largest public rescue of the arts industry everThe bill includes $20 billion for the purchase of coronavirus vaccines “that will make the vaccine available at no charge for anyone who needs it,” according to a summary circulated by Scalise’s office.Colleges and schools to received $82 billion--------Find the notes for this episode here:https://blueridgewealth.com/podcast-notes-s2e2/Find all our podcast episodes here:https://www.buzzsprout.com/1208288Watch our episodes on YouTube:https://youtube.com/playlist?list=PLsEeilQ03hrXleCYwXwuA7yMQ2pzAF8KBFor more information about our podcast, visit our landing page:www.backandforthpodcast.comTo schedule a meeting:https://blueridge.timetap.comTo schedule a phone call:https://blueridgephonecall.timetap.com
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