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After a full day of socially-distanced meetings and conversations with business owners in Hampton Roads, Sen. Mark Warner said his takeaway message was that many people in Virginia “are still on the financial edge.”
Warner wrapped up a Sept. 3 visit through the region at a roundtable hosted at Smithfield Foods that included small business owners and economic development officials from Isle of Wight, Surry, Southampton and Franklin. Warner, a Democrat, engaged with everyone on a variety of economic topics, concerns and predictions.
Warner conceded he is concerned about the passage of the next federal economic relief package.
“Three weeks ago, I was more confident. I am worried now, and I feel like if either side tries to play this for political advantage when I think the real economy is much more in jeopardy than the stock market economy,” Warner said.
One of his predictions is that there will be another round of funding through the Paycheck Protection Program, although Warner said the scope to qualify for second round funding will likely be narrower.
In the last round of Paycheck Protection funding, “one of the things we’ve seen is that very small businesses, Black-owned businesses, women-owned businesses, Latino-owned businesses, did …
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