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Video by Patty Stocker
State Representative James Arciero provides small businesses and individuals in need of help during the COVID-19 shutdown a variety of avenues they can take for financial assistance. Joined by Brad MacDougall, Senior Vice President of Government Affairs for the Association Industries of Massachusetts (AIM), the two discuss how the state and federal government, as well as business advocacy groups, such as AIM, are doubling down to help small businesses stay afloat. Arciero’s and MacDougall’s working history stretches almost 17 years.
When it comes to finding immediate financial options, MacDougall says this, “More often than not, the phone calls we’re getting is ‘Where can I go first?’ And often businesses already have a banking institution; financial relationship. And often a lot of the banks we work with, that are members of AIM, both from very large institutions to state-wide, regional banks, and community banks, they’re really working hard and have created COVID specific programs.”
“Take a deep breath, if you’re a small business,” suggests Arciero. “Listen to what the resources are, talk to your local banks; people you have relationships with, and look to your state resources; your federal resources to see if you can stop the bleeding.”
Watch the video for links to all the resources available.
Representative Arciero urges any small business who is having difficulty to reach out by calling 617-722-2012 or by emailing [email protected]
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