STATEWIDE – Sen. Susan Collins, R-Maine, on Tuesday asked Congress for $250 billion more for the Payroll Protection Plan she co-authored.
Collins said the $350 billion federal program designed to help small businesses pay employees began on Friday and already is nearly tapped. The vote on the additional funding could take place Thursday.
“It’s so important that we keep that connection strong between the employer and employee. And every small business that I know, and I grew up in a small business family, the employees are the members of your family, they’re your friends, they’re your neighbors. The last thing these small businesses want to do is lay them off,” Collins said.
The Payroll Protection Plan is part of the stimulus package passed late last month. Collins’ said in a Tuesday Tweet more than 1,800 Maine businesses have already been approved for the low-interest loans that are forgivable under certain circumstances.