New federal relief package offers slew of new financial options to North Bay businesses hit by new lockdowns

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Like a belated, creative Christmas stocking, the $900 billion federal relief package graces the North Bay with a little bit of everything — from $284 billion in loans to $110 billion in tax benefits.

“In Congress, they call this Christmas tree legislation,” said David Colgren, spokesman for CalCPA, a 45,000-member accountant association with 14 chapters across California.

The long-awaited stimulus — signed Sunday — features another round of the Paycheck Protection Program business loans and excise tax credit extensions that benefit wine, beer and distilled spirit producers.

It also includes $15 billion in arts and entertainment funding to help devastated music venues and cultural institutions. Museum of Sonoma County Executive Director Jeff Nathanson pledged to look into that. The museum has been closed since March.

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