According to a report from the Washington City Paper, the bill, entitled the “Small Business Rental Assistance Program Establishment Act of 2017,” would fund businesses that have been operating in the same neighborhood for the past ten years in good financial standing, by awarding them loans or grants of up to $50,000 per year. That’s a hefty cash infusion, so no single business can receive more than five loans over the course of the program.
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One Washington D.C. business owner, Richard Nguyen, thinks the assistance program, though well intentioned, might not help restaurant owners in the long run.