The new Paycheck Coverage Program (PPP) brings forgivable financing to simply help smaller businesses and you may nonprofit organizations influenced because of the COVID-19 pandemic and you can depression build payroll and you will shelter most other costs. The application form is registered initial of the Coronavirus Aid, Rescue and Financial Safeguards Operate (CARES) out-of 2020, altered by further legislation, and you can reauthorized because of the Coronavirus Response and you will Relief Supplemental Appropriations Operate out of 2021.
How does the fresh new Salary Defense System impact the federal money and unit profile (NIPAs)?