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Sunday, April 19, 2020

Coronovirus Task Force Provides Update April 18th, 2020

There is a good point the President made as it relates to the PPP program and its potential benefits to the country. Refunding the PPP (and other) can be helpful for creating greater innovation down the road for large (large businesses often integrate successful smaller businesses) and small businesses (can grow and develop on their own) alike. One issue our nation has faced is concentration of wealth in fewer hands. Allowing for a method of encouraging smaller businesses to start and sustain operations can have multi-fold benefits such as greater economic shock absorbing, improved return to investors, re-connecting rural economies that were sidelined by globalization, zoning for future disease waves to minimize economic impact, rebranding American values to a large/poweful group of Millennials, and encouraging localized grassroots economic systems that support family incomes. It just seems like it makes sense from an economic, social, and political standpoint. There are lots detail on how that works but the big picture idea is valid.

An idea that might add to this strategy is encouragement of larger investors (or crowd investors) that angel fund promising start-up ideas (with a good business plan). Doing so in large scale hedges risks and can raise entire towns and regions in sectors that are needed. For example, in Delta County you have resource rich area with mining, lumber, tourism and potential small manufacturing capacities with sufficient railroads, airports, and ports that could lead to exportation. Actions like this lead to greater American capacity and long-term sustainability in developing a competitive stance that fosters higher paying jobs that put food on American tables.

Government (s) may also want to consider publishing business and prospect reports for investors and small businesses about opportunities in different regions. Local governments may want to create growth plans and these plans are analyzed to create state, regional and federal plans. Connecting wealthy older investors to a creative and youthful younger generation is a patriotic responsibility that better prepares the young to take the seats of the old (i.e. passing of the guard). Of course...that is dependent on how we view our personal and national responsibilities.

Highlights
-Positive signs virus has passed its peak.
-We did better than anyone except maybe Germany
-Indicates we did better than most of Europe.
-A number of states will start a phased opening.
-$350 Billion for PPP program. $1.6 million small businesses.
-Should be bipartisan. Hopefully it will be open forever.
-13K medical sites are supported.
-Stronger testing than many other nations.
-We have extra ventilator capacity and can help other nations.
-9-10 platforms with testing capabilities.
-The market is improving and is rising because it has trust in our governmental system.
-There is an attempt to refund with $250 Billion.
 

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