Small Business Bailout (4-16-20)

Small Business Bailout (4-16-20)

Economic news coming from all sides today even as state and national leaders start to plan for opening up the economy again, good evening, i'm alan van zandt 22 million people have lost their jobs since the pandemic swept across the u.s. and vital protective measures are falling flat for businesses as a federal small business loan program is tapped out.

Kq2's madeline mcclain spoke with a small business expert about what's happening in missouri.

<<covid-19 has crushed the u.s. economy.as the public health crisis wages on -- small businesses shutdown.and the program set up to help those businesses survive-- is out of money."quote."the 349-billion dollar program small business loan program officially tapped out.federal officials have approved more than 1 million loans since the program launched two weeks ago.

:quote."the loans owners needed for business to survive -- and use to pay their employees are self-employed, gig workers, or freelancers -- also applying for unemployment.

"quote"and the national unemployment rolls have ballooned.nationwide 5-point-2 million workers join unemployment rolls last week.

Including at thousand missourians."quote."state data shows more than 300-thousand in the last 4 weeks.nearly 200 workers in our area are out of a job right now than 50 people lost their job at rolling hills auto plaza and more than 140 at st.

Jo frontier casino.and while the outlook is grim other programs that can help save jobs and prop up businesses.and we can play a role too.reporting in st.

Joseph, madeline mcclain kq2 news.>>>> youtube has launched a new tool to help small businesses with their online presence.

It's a free video builder -- for companies that don't have resources to create their own videos from scratch... businesses just need a google and a youtube account, and to sign up with the video builder.