The fifth piece of my plan is defending our financial restoration. Due to our vaccination program, and the American Rescue Plan, which we handed early in my administration, we’ve had document job creation for a brand new administration. Financial progress unmatched in 40 years. We can not let unvaccinated do that progress — undo it. Flip it again. So tonight I’m asserting extra steps to strengthen our financial restoration.
We’ll be increasing Covid-19 financial harm catastrophe mortgage packages. That’s a program that’s going to permit small companies to borrow as much as $2 million, from the present $500,000, to maintain going if Covid-19 impacts on their gross sales. These low-interest, long-term loans require no compensation for 2 years and can be utilized to rent and retain staff, buy stock and even pay down higher-cost debt racked up for the reason that pandemic started. I’ll even be taking extra steps to assist small companies keep afloat in the course of the pandemic.
Sixth, we’re going to proceed to enhance the care of those that do get Covid-19. In early July, I introduced the deployment of surge response groups. These are groups comprised of consultants from the Division of Well being and Human Companies, the C.D.C., the Protection Division and the Federal Emergency Administration Company, FEMA, to areas within the nation that need assistance to stem the unfold of Covid-19. Since then, the federal authorities has deployed practically 1,000 employees together with medical doctors, nurses, paramedics, into 18 states. At present, I’m asserting that the Protection Division will double the variety of army well being groups that they’ll deploy to assist their fellow Individuals and hospitals across the nation.
Moreover, we’re rising the supply of recent medicines advisable by actual medical doctors, not conspiracy theorists. The monoclonal antibody therapies have been proven to scale back the danger of hospitalization by as much as 70 p.c for unvaccinated folks liable to growing extreme illness. We’ve already distributed 1.4 million programs of those therapies to avoid wasting lives and cut back the pressure on hospitals. Tonight, I’m asserting we’ll enhance the common tempo of cargo throughout the nation of free monoclonal antibody therapies by one other 50 p.c.
Earlier than I shut, let me say this: Communities of coloration are disproportionately impacted by this virus. As we proceed to battle Covid-19, we’ll make sure that fairness continues to be on the middle of our response. We’ll make sure that everyone seems to be reached. My first duty as president is to guard the American folks and ensure we’ve sufficient vaccine for each American, together with sufficient boosters for each American who’s authorised to get one.
We additionally know this virus transcends borders. That’s why at the same time as we execute this plan at dwelling we have to proceed preventing the virus abroad, proceed to be the arsenal of vaccines. We’re proud to have donated practically 140 million vaccines to over 90 international locations, greater than all different international locations mixed — together with Europe, China and Russia mixed. That’s American management on a worldwide stage, and that’s only the start. We’ve additionally now began to ship one other 500 million Covid vaccines, Pfizer vaccines, bought to donate to 100 lower-income international locations in want of vaccines, and I’ll be asserting extra steps to assist the remainder of the world later this month.
As I not too long ago launched the important thing components of my pandemic preparedness plan in order that America isn’t caught flat-footed with a brand new pandemic comes once more, as it should. Subsequent month I’m additionally going to launch a plan in higher element.