Will PPP Loans Continue to Impact Black Businesses?
Last week, the Virginia the General Assembly approved legislation to allow businesses across the commonwealth to deduct up to $100,000 of forgiven PPP (Payback Protection Loans) from state taxes. According to VPM.org, the federal government supported approximately 130,000 loans, providing more than $14 billion dollars to businesses to help them maintain payroll flexibility. Unfortunately, as is often […]