Sen. Edith E. DeLeon Guerrero (D-Saipan) pre-filed yesterday a resolution requesting the Commonwealth Economic Development Authority to work with the Office of the Governor in creating a program using American Rescue Plan Act funds to provide financial assistance to businesses in the CNMI. <\/p>\n
DeLeon Guerrero stated in her Senate Resolution 22-13 that Section 602 of ARPA allocated $40 million and $60 million in fiscal years 2021 and 2022 respectively, for households, small businesses, nonprofits, and tourism, travel and hospitality.<\/p>\n
She said the businesses in the CNMI need assistance to support their survival and their ability to generate growth by reopening their doors and providing employment opportunities.<\/p>\n
The CNMI has been in state of public health emergency in response to the COVID-19 pandemic since March 2020.<\/p>\n
DeLeon Guerrero said certain industries , mostly those that are directly or indirectly linked to the CNMI\u2019s tourism industry, suffered even greater levels of business interruptions. She said a much greater portion of the unemployed individuals are those who were working for businesses that are directly or indirectly connected to the tourism industry.<\/p>\n
The senator said CEDA must explore a financial assistance program focused on those businesses that have experienced extreme levels of pandemic-related business interruptions.<\/p>\n
She noted that Guam, through an executive order, established the Local Employers\u2019 Assistance Program to provide direct financial assistance to local small businesses. <\/p>\n","protected":false},"excerpt":{"rendered":"
Sen. Edith E. DeLeon Guerrero (D-Saipan) pre-filed yesterday a resolution requesting the Commonwealth Economic Development…<\/p>\n","protected":false},"author":23,"featured_media":349792,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-358610","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/358610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=358610"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/358610\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media\/349792"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=358610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=358610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=358610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}