Jenner & Block

“Supporting America’s Startups: Too Medium to Survive?” Bloomberg

In an article for Bloomberg, Partner Michael W. Ross and Law Clerk Isabel Farhi discuss how some tech startups are failing to meet the eligibility requirements to qualify for financial support under the CARES Act.  The authors examine why tech-startups have largely been ignored in the stimulus program’s policies, for both the Paycheck Protection Program aimed at small businesses, and the announced Main Street Program, aimed at larger businesses.  The authors suggest that technology and innovations will be key to the nation’s recovery and should be given the opportunity for loans that will allow them to keep employees and to survive or fail on the merits of their business, not merely because they were left out of the government response to the COVID-19 crisis.  To read the article “Supporting America’s Startups:  Too Medium to Survive?” please click here.