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How to Shore Up the Relief Offered in the CARES Act

The CARES Act was a success, but the execution wasn’t flawless.

By Les Shaver | June 03, 2020 at 07:11 AM

Two months ago, the CEO of real estate asset management firm IRM Jeff Holzmann viewed The Coronavirus Aid, Relief, and Economic Security Act, known as the CARES Act, as a lifesaver.

Now, after some much-publicized reporting showing that the CARES Act and the Paycheck Protection Program weren’t doing enough to help small businesses and average Americans, Holzmann still thinks the legislation has helped. But he admits there are issues to fix.

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