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 file job creation for a brand new administration. Financial development unmatched in 40 years. We can not let unvaccinated do that progress — undo it. Flip it again. So tonight I’m asserting further steps to strengthen our financial restoration.
We’ll be increasing Covid-19 financial harm catastrophe mortgage applications. 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 employees, buy stock and even pay down higher-cost debt racked up for the reason that pandemic started. I’ll even be taking further 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 almost 1,000 workers together with medical doctors, nurses, paramedics, into 18 states. At this time, 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 latest medicines beneficial by actual medical doctors, not conspiracy theorists. The monoclonal antibody therapies have been proven to cut back the danger of hospitalization by as much as 70 p.c for unvaccinated individuals susceptible to creating extreme illness. We’ve already distributed 1.four million programs of those therapies to avoid wasting lives and scale back the pressure on hospitals. Tonight, I’m asserting we’ll improve 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 be sure that fairness continues to be on the heart of our response. We’ll be sure that everyone seems to be reached. My first duty as president is to guard the American individuals and ensure we now have sufficient vaccine for each American, together with sufficient boosters for each American who’s accredited to get one.
We additionally know this virus transcends borders. That’s why at the same time as we execute this plan at house we have to proceed combating the virus abroad, proceed to be the arsenal of vaccines. We’re proud to have donated almost 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 further 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’ll. Subsequent month I’m additionally going to launch a plan in better element.