By SF Goodwill
Friday, April 17, 2020
Read SF Goodwill President and CEO William Rogers’ interview with The New York Times.
The recent Fed program is not enough to help midsize businesses and nonprofits with over 500 employees but under $2 billion in revenue to qualify for the CARES Act. Nonprofit social enterprises like ours, which operate at a larger scale, are facing operational crises that endanger our continued existence within communities and the people we serve, including hard-to-employ people facing barriers to sustained employment for whom the program serves as job training.
The recent federal CARES Act, while generous in many respects, excludes a significant segment of the economy. Please take a moment to read this article for a deeper dive into the flaws in the government’s economic response to the pandemic.