The stimulus includes more aid for small- to medium-sized businesses, with $320 billion added to the Paycheck Protection Program. Of that total, $60 billion is set aside for Small Business Administration loans.
Nicole Schlosser・Former Executive Editor
April 24, 2020
President Trump signed into law a $484 billion stimulus bill that provides more aid for small- to medium-sized businesses that have been struggling due to the COVID-19 pandemic. File photo
1 min to read
President Trump signed into law a $484 billion stimulus bill that provides more aid for small- to medium-sized businesses that have been struggling due to the COVID-19 pandemic. File photo
WASHINGTON, D.C. — President Trump signed into law on Friday a $484 billion stimulus bill, which provides more aid for small- to medium-sized businesses that have been struggling since the COVID-19 pandemic hit, NBC News reports.
The legislation replenishes the Paycheck Protection Program (PPP) with $320 billion. Of that total, $60 billion is set aside for additional U.S. Small Business Administration (SBA) loans, Curt Macysyn, the executive director of the National School Transportation Association (NSTA), told School Bus Fleet.
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The bill passed in the Senate earlier this week and in the House on Thursday, according to the news source.
The new stimulus package comes on the heels of two loan programs under the SBA, the PPP and the Economic Injury Disaster Loan, running out of money last week.
NBC News reports that lawmakers have been referring to this bill as "interim" legislation that aims to bridge the gap between the coronavirus relief bill, also known as the CARES Act, and the next significant round of COVID-19 legislation.
The stimulus includes money for hospitals and coronavirus testing. It does not provide additional funding for states and local governments, according to the news source.
Stop bidding everything and try a simpler way. Here's how cooperative purchasing can streamline purchases while maintaining compliance. Sourcewell breaks down the process in this episode of The Route, sponsored by IC Bus.
The alternative transportation company expands its services to traditional yellow buses with the launch of a new division focused on helping school districts optimize their routes.
Roberts, 35, serves as the lead IT application engineer for vehicle electrification at First Student, where he helps shape scalable, real-world EV infrastructure to support student transportation.
Swazer, 29, serves as director of transportation at Puyallup School District, where he champions student wellbeing and inspires the next generation of industry leaders.
Dubas, 38, serves as sales manager and safety advocate at IMMI, where she advances school bus occupant protection through industry education, OEM collaboration, and proactive safety policy efforts.
Moore, 32, grew up around the school bus, leading him to the classroom and eventually inspiring high-performing teams while bringing operations in house (twice).
Baran, 38, serves as transportation supervisor at Odyssey Charter School in Delaware, where he leads daily operations with a focus on safety and professional growth.
Maybee, 36, leads transportation operations for Denver Public Schools, where he is advancing equity, efficiency, and cross-department collaboration to improve student access.
Higgins, 38, serves as director of industry engagement at TAT (Truckers Against Trafficking), where she equips school transportation professionals with the tools to recognize and report human trafficking.
