ZC 31 - Stimulus for Small Business - How to get FREE Money and Expand Your Business with Econ Professor Christopher Erickson

“If you have the risk appetite, now is the time to get in!"

-Professor Christopher Erickson

Today we are joined by Dr. Christopher Erickson. He is a professor of economics at New Mexico State University. We chat about the impact of the 2 Trillion dollar stimulus package on our Amazon businesses and the macro economy. It looks like the government is going to give you FREE money to keep running your business. This could be a huge windfall for us. 

2:45 What is the stimulus package and what will it do for us?

6:05 How businesses will get free money

9:20 What the government will pay for

19:00 How every family will get $2400 or more in cash

21:50 How will this $2 trillion dollar payment affect the government in the long run?

26:10 What you should be doing if you have the resources to expand

34:45 Summary

Part 1 of this conversation can be found here: https://podcasts.apple.com/us/podcast/zc-30-how-covid-19-will-affect-you-economy-econ-professor/id1459073059?i=1000469094062

You can hear more from Dr. Erickson predicting a recession only 4 months ago on episode 21: https://www.stitcher.com/podcast/zon-con-podcast/e/66891373

New York Times article on the stimulus package: https://www.nytimes.com/article/coronavirus-stimulus-package-questions-answers.html

Reputable information on COVID-19

Johns Hopkins Data: https://gisanddata.maps.arcgis.com/apps/opsdashboard/index.html#/bda7594740fd40299423467b48e9ecf6

CDC: https://www.cdc.gov/coronavirus/2019-ncov/prepare/prevention.html

SBA Loans: https://www.sba.gov/funding-programs/loans

Please share this episode with anyone interested in small business and how it will be affected by this pandemic.