States allocate $300mm to help small companies

States have been resorting to their own funds to fill the gap created by the lack of a formal proposal from the federal government to reissue aid programs for micro and small businesses. In the absence of programs such as BEm and Pronampe to alleviate the effects of the pandemic, state governments are offering extraordinary lines of credit or emergency aid. At least 15 have already offered or announced some kind of relief measure, totalling R$1.7 billion ($300 mm).

Source: Valor International