Opportunity Zone Bill May Help Cos. That Missed PPP Funds
Jay Darby was quoted in the article, "Opportunity Zone Bill May Help Cos. That Missed PPP Funds," which was published in Law360 [sub. req.] on May 20, 2020.
The article discusses how a proposal to allow small businesses affected by COVID-19 to qualify for opportunity zone investments could help support finances of companies that missed Paycheck Protection Program funds. Jay emphasizes the benefits the proposal would provide to these small businesses while also acknowledging the challenges in securing these investments: "This bill would be a wonderful supplement to the PPP and help small businesses when they may not have gotten as much from the program as they needed to survive," he said. "It can't do anything but help … but the question is whether people have the ability and resources to put cash in right away."