Today, Small Business Majority sent a letter to Congressional leaders urging them to pass a comprehensive and robust COVID-19 relief package. This week kicks off National Small Business Week when just last week, new data revealed small businesses across the country are closing permanently. The consequences of not passing a relief package that includes more funding for small businesses would be catastrophic.
Today, Johnathon Bush, small business owner of Not Just Cookies in Chicago, Illinois, submitted his testimony for the U.S. House Committee on Small Business's hearing on Transparency in Small Business Lending. Johnathon details the harmful impacts that a lack of transparency in small business lending has done to his business, which he built from the ground up.
Today, Small Business Majority submitted a comment for the Department of Labor's Request for Information outlining how paid leave policies support small businesses and their bottom lines. Commonsense paid leave policies support our evolving entrepreneurial community while ensuring small businesses can compete on a level playing field.
Today, Small Business Majority submitted a letter of support for Amendment Item 4-14 #5-H, Tax Credit for PPE Purchased by Small Business and Other Organizations. This would create a tax credit for the purchase of personal protective equipment (PPE) by small businesses, sole proprietors and other eligible organizations. The amendment also specifies that the credit is meant to include women-owned and minority-owned businesses, as these are groups that are often left behind by the tax code.
Small Business Majority writes in support of SB 977, which would give the Attorney General more authority to counter the anti-competitive effects of healthcare consolidation that could increase the cost of healthcare and limit the access to it. This issue is of particular concern to our small businesses that are struggling with healthcare costs.
Small Business Majority wrote to State Senator Richard Pan in support of SB 852, which would create the Office of Drug Contracting and Manufacturing in order to increase access to, and reduce the cost of, generic medications. We believe this is a key measure to controlling healthcare costs and improving access and affordability for consumers, including small business owners and their employees.
Small Business Majority released its agenda today for Virginia's Entrepreneurs ahead of the 2020 Special Session, which begins on Tuesday, August 18th. The agenda calls for key policy solutions to support small businesses in the state including access to responsible small busuiness lending and expanding healthcare access and affordability.
Small Business Majority submitted a letter to Assembly Member Gonzalez in support of AB 3205, which creates the Regions Rise Grant Program in the Governor’s Office of Business and Economic Development (GO-Biz), a significant tool to promote sustainable and equitable economic rebuilding of regional economies, and with it, our small businesses
Today, Small Business Majority shared a letter with Senators Rubio, Cardin, Shaheen and Collins on recommendations for changes for S, 4321, the Continuing Small Business Recovery and Paycheck Protection Program Act. S, 4321 is a starting point in addressing the lack of flexibility that small business owners who participated in PPP are facing. However, the legislation requires critical changes to provide enough comprehensive changes that entrepreneurs need to sustain their businesses.
Today, Small Business Majority submitted a letter to Congressional leadership urging them to include S. 4117, the Paycheck Protection Small Business Forgiveness Act, in the next relief package. This bill would provide automatic forgiveness for all Paycheck Protection Program (PPP) loans under $150,000, while also ensuring fraud protections are in place. Loans under $150,000 represent only 26% of the PPP funds disbursed, and the overwhelming majority of these loans likely went to the most vulnerable, COVID-19 impacted businesses.