Gov. Wolf Initiates Transfer of $145 Million in Funds to Support Businesses Adversely Affected by COVID-19 Pandemic
Governor Tom Wolf today announced that he has initiated a transfer of $145 million in funds from the Workers’ Compensation Security Fund at the Pennsylvania Insurance Department to be appropriated by the state legislature into grants for businesses adversely affected by the COVID-19 pandemic.
“Business owners and employees have worked hard to protect their customers and their communities during this pandemic, and I thank all of those who have prioritized health and safety despite the hardship of the past several months,” Gov Wolf said. “Our business owners and workers have been forced to make sacrifices because of COVID-19 and they need and deserve our support.
“Today, I am pleased to announce that my administration will make funds available to help businesses whose operations and revenue were significantly adversely affected by the COVID-19 pandemic.”
The $145 million transfer from the fund into the state’s general fund requires legislative authorization to expend the money for the purpose of making grants to businesses. The legislature has the authority to establish grant agreements for purposes it deems appropriate, in this case, to support businesses adversely affected by the pandemic.
Gov. Wolf urged the legislature to follow his lead and allocate this funding as quickly as possible to businesses affected by the pandemic, among them restaurants and bars, gyms and entertainment venues.
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