What Does the Coronavirus Federal Stimulus Package Mean for Municipalities & CRE?
Congress’ $2 trillion coronavirus stimulus package is the rare legislative agreement that will have an immediate and lasting impact on ordinary citizens around the country. State and local governments will receive $150 billion and the package includes thousands of dollars in direct payments to most Americans, as well as a huge loan package designed to help keep small businesses afloat as Main Street struggles through what could become the worst recession in American history.
Small businesses will receive $367 billion to keep making payroll while workers have to stay home. Companies with 500 employees or less that keep paychecks steady could get up to $10 million each in forgivable small business loans. Federally guaranteed loans will provide eight weeks of assistance for qualifying employers who maintain payroll. Those who meet requirements would have costs such as utilities, mortgage interest and rent forgiven.
Who Should Listen: Economic Developers, Brokers, Retailers, Real Estate Pros, Small Business Owners
Recorded: March 31, 2020
Jenn Gregory
President, Downtown Strategies
She previously served as the Chief Executive Officer of the Greater Starkville Development Partnership from 2012 – 2016, a community development umbrella organization that consists of the Starkville Area Chamber of Commerce, Starkville Visitors & Convention Council, Oktibbeha County Economic Development Authority, and Starkville Main Street Association. She first joined the Partnership in 2009, where she was Vice President for Tourism Development. She held the positions of Chief Operating Officer and Interim Chief Executive Officer before assuming the CEO position fulltime in January 2013.
Jenn is also the Founding Principal of Sidewalk Strategies, LLC, a consulting firm specializing in solutions for community development, downtown revitalization, retail recruitment, non-profit board development, governmental relations, and public affairs, where she has represented clients in Alabama, Arkansas, Mississippi, and South Carolina.
Jenn was named a “Top 50 under 40” professional by Mississippi Business Journal in 2016. She serves as President of Parents for Public Schools Starkville, was previously President of Sudduth Elementary PTO and is the Executive Director/Vice President of Operations for Bully Bloc, a non-partisan political action committee supporting Mississippi State University alumni in political positions within Mississippi.
