President-elect Joe Biden unveiled a $1.9 trillion stimulus package proposal on Thursday designed to jump-start the economy and speed up the U.S. response to the coronavirus pandemic.

“The return on these investments in jobs, racial equity will prevent long-term economic damage, and the benefits will far surpass the cost,” Biden said during a speech on Thursday.

It includes $415 billion to bolster the response to the virus and the rollout of COVID-19 vaccines, some $1 trillion in direct relief to households, and roughly $440 billion for small businesses and communities particularly hard hit by the pandemic.