Document Type

Report

Publication Date

8-1-2021

Research Center

Center for Economic Development, Center for Community Planning and Development

Abstract

The CARES Act is the largest stimulus package passed in the United States to date. On 12/27/2020, the Consolidated Appropriations Act was passed, providing $900 billion in stimulus relief for the pandemic. Another 1.4 trillion in spending helped plan the 2021 federal fiscal year. On 3/11/2021, the American Rescue Plan was passed providing an additional $1.9 trillion in economic stimulus to further aid the country through the ongoing pandemic. The pandemic has caused an unprecedented increase in unemployment, the closing or suspension of operations for many businesses, a drastic reduction in the capacity to produce many goods and services, and a significant reduction of disposable household income. To assist with these economic emergencies, federal, state, and local governments have passed legislation to aid households and businesses, including some programs for nonprofits. The timeline illustrates various programs developed on the federal, state, and local levels (Cuyahoga County and Cleveland) initiated after the pandemic started. This brief groups the actions of all levels of government into four categories: general business support, small business support, industry-specific support, and unemployment benefits for individuals. The subsequent sections offer a summary of each program and a link to their full description. The timeline covers a period of time from March 2020 to June 2021 and shows which programs continue beyond September 2021.

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