MINNEAPOLIS (WCCO) — Gov. Tim Walz says he’s dedicated to “turning over each stone” to search out funding that helps small companies keep afloat, helps employees and ensures households can put meals on the desk throughout the COVID-19 pandemic.
On Tuesday, Walz launched extra particulars on an financial aid package deal for the state’s companies and struggling Minnesotans, saying he’ll work with legislators on either side to maneuver ahead with the proposal. He’ll name a particular session when an settlement is closing.
For companies, Walz says the aid package deal would offer direct help to companies by a Enterprise Help Program, waive state and regulatory charges for hospitality institutions and set up an eviction moratorium so small companies can keep of their areas.
“Our small companies and the Minnesotans whose livelihoods rely upon them are bearing an enormous weight for the great of their complete neighborhood. As circumstances skyrocket and hospital capability is pushed to the brink, our small companies shouldn’t should bear the monetary penalties alone. We’re on this collectively,” Walz mentioned. “I’m dedicated to turning over each stone to search out funding that may assist make certain our companies keep afloat, our employees are supported, and our households can put meals on the desk.”
For employees struggling to get by, the aid package deal would prolong unemployment advantages for a further 13 weeks “serving to as many as 100,000 employees whose advantages presently finish subsequent month” and supply an emergency one-time cost of $500 to struggling households.
For these struggling to get meals, the aid package deal intends to ascertain a one-time grant to eating places to offer meals for healthcare employees, homeless shelters and long-term care amenities. A tax credit score would even be supplied for companies that donate meals that will in any other case spoil or be thrown away.
Walz says he’s invested $100 million to assist greater than 8,000 companies for the reason that pandemic started. A further $840 million has been given from the state to native governments, a lot of which has been distributed to small companies across the state.
Minnesota Republicans Unveil Their Plan
In the meantime, Home Republicans additionally unveiled plans for hard-hit companies, referred to as the Essential Avenue Aid Act, which is headlined by a $400 million grant fund “designed to assist eating places, bars, breweries, bowling alleys, gyms, and different institutions that have been ordered to shut or restrict operations final week with lower than 48 hours discover.”
The GOP proposal additionally includes a three-month gross sales tax vacation for companies which have been restricted to takeout or curbside-only operations, in addition to an identical three-month gross sales tax vacation that begins for reopening companies that at the moment are mandated to be closed.
“We’re in a disaster scenario, and must work collectively as rapidly as potential to get assist to the Essential Avenue companies which might be beloved staples of our communities,” mentioned Rep. Dave Baker, R-Willmar. “We’ve got been onerous at work over the previous two weeks participating companies, business teams, and legislators from each events on how we might help as many companies as we will, as quickly as we will.”
The GOP plan additionally outlines liquor flexibility, license charge aid, and opening health facilities and gymnasiums. Republicans suggest that the $400 million would come from the state’s wet day fund, and can be then repaid with federal help if Congress agrees on a aid package deal.