Tuesday, April 21, 2020

Bipartisan Congress Members Want to Replenish PPP-Can We Go Further?

The PPP program was very popular with business and it looks posed to receive additional funds. It helps to keep small businesses. I would challenge our government to not only keep small businesses open but also create a mechanism for Millenials and others who want to open their own business when the COVID crisis passes. Our future rests on pushing the young to take their rightful place in America's legacy. It isn't only about keeping existing doors open but expanding the small business base; particularly small manufacturing opportunities.

As a resident of Delta County I can see there are opportunities to match our national manufacturing needs with local infrastructure (rail, plane, shipping) to not only further develop local natural resources but also create opportunities for manufacturing.

The press release is below.....

Bergman: Keep PPP Open for Business

Washington - Today, Rep. Jack Bergman (MI-01) led a bipartisan letter with Rep. Xochitl Torres Small (NM-02) and 13 additional Members of Congress asking the U.S. Small Business Administration (SBA) and the U.S. Department of the Treasury to continue accepting new loan applications and approving new lenders in anticipation of renewed funding for the Paycheck Protection Program (PPP). The PPP has provided more than 1.6 million Coronavirus-impacted small businesses with payroll assistance. However, the program used all available funds by April 15th. Rep. Bergman stated, “Millions of lenders and borrowers were not able to participate in the first round of PPP due to high demand. As I urge my colleagues to overcome partisan gridlock and replenish this critical Coronavirus relief program, it is important PPP remain prepared and keep its doors open to our hardworking small businesses and lenders.”

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