Grants

The Thoroughbred Aftercare Alliance issued its second round of grant checks early in light of the COVID-19 pandemic. The grants totaled $1.7 million. TAA President John Phillips issued the following statement: "Amid a global crisis, even one that closes the doors to many businesses, horses still need care. Thanks to our supporters, industry partners, sustainable funding programs, and rigorous financial discipline throughout our history, the TAA is able to continue its mission of accrediting and funding aftercare organizations, even during this difficult time. More than ever, work of aftercare is...

Editor's note: The Thoroughbred racing industry is covered under legislation passed in Washington to bolster an economy that has been hard hit by the coronavirus. To clarify what is available to racing participants, the NTRA held a teleconference Wednesday which included tax experts who serve the racing industry. To break down what is available and who qualifies for assistance, the TDN asked Green Group Founder and Chairman Len Green to go over the CARES Act and its provisions. The Coronavirus Aid, Relief and Economic Security Act ("CARES Act") became law...