It has been over a month since the Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed by Congress and signed into law by President Trump on March 27, 2020. This over $2 trillion economic relief package provides fast and direct economic assistance for American workers, families, small businesses, and preserves jobs for American industries. New information is being passed down daily and we are doing our best to keep you informed with the latest. In this special edition of the Becker Spotlight you will find a condensed version of the CARES Act, any additional funding, and how it all affects the state of Florida.
The CARES Act covers seven main groups that would see the widest-reaching impacts: individuals, small businesses, big corporations, hospitals and public health, federal safety net, state and local governments, and education.