State Treasurer John Schroder says Gov. John Bel Edwards’ proposal to move $175 million from the Main Street Recovery Program would further devastate struggling small businesses. He says 79% of eligible businesses who have already applied won’t receive the grant they are entitled to, which would be catastrophic. Schroder says in the next few days, they will stop taking applications because all of the $275 million will be obligated and he added shifting money from Main Street to the trust fund would only raise the balance for a few weeks.
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