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Topic: small business

Joe Biden-Kamala Harris Administration Increases Lending to Small Businesses in Need, Announces Changes to PPP to Further Promote Equitable Access to Relief

 

The White HouseWashington, D.C. –  Small businesses account for 44 percent of U.S. GDP, create two-thirds of net new jobs, and employ nearly half of America’s workers. Now, millions of main street small businesses – especially Black- and Brown-owned small businesses – are struggling to make ends meet in the wake of the COVID-19 Coronavirus pandemic and resulting economic crisis.

The Biden-Harris administration has made delivering equitable relief to hard-hit small businesses a top priority. The latest round of Paycheck Protection Program (PPP) funding opened just one month ago and it represents a marked improvement on the prior round of the Program last year.

President Joe Biden and Vice President Kamala Harris

President Joe Biden and Vice President Kamala Harris

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Marsha Blackburn Report: Honoring Our Veterans

 

The White HouseWashington, D.C. – This week, we honored the brave men and women who have served our country in the United States Armed Forces. The founding principles of our country would not have endured for so long were it not for the individuals who answer the call of duty to defend our freedom at home and abroad.

On the Senate floor, I highlighted many great stories our Tennessean veterans shared with me on social media. 

Senator Marsha Blackburn.

Senator Marsha Blackburn.

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Latest Round of Coronavirus Relief Shows Hardworking Americans Not Forgotten

 

The White HouseWashington, D.C. – “President Donald Trump signed the fourth round of coronavirus response legislation Friday—a $484 billion relief bill that will help American small businesses and hospitals, as well as expand coronavirus testing so Americans can get back to work as soon as possible,” former CKE Restaurants CEO Andy Puzder writes in Fox News.
 
“The lion’s share of the funding – $310 billion – will go directly to the Small Business Administration’s Paycheck Protection Program (PPP), a massively popular program that has already disbursed $350 billion to businesses all over the country,” Puzder says.

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President Donald Trump signs Emergency Relief Bill

 

The White HouseWashington, D.C. – America’s small businesses should never have been left waiting by House Democrats—but with President Donald Trump’s signature today, Friday, April 24th, 2020 more relief is on the way.

President Donald Trump: We’re keeping millions of Americans on the payroll
 
The new law, signed just hours ago, will replenish the President’s small business loans program while also providing crucial support for America’s frontline medical workers.

President Donald Trump signs H.R. 266, the Paycheck Protection Program and Health Care Enhancement Act. (White House)

President Donald Trump signs H.R. 266, the Paycheck Protection Program and Health Care Enhancement Act. (White House)

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Congress, get this deal done

 

The White HouseWashington, D.C. – The Senate passed funding yesterday to replenish President Donald Trump’s Paycheck Protection Program, which offers forgivable loans to small businesses fighting to survive during the COVID-19 Coronavirus pandemic.
 
“My administration has worked aggressively with Congress to negotiate this critical $428 billion funding package,” President Donald Trump said last night.

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Marsha Blackburn Report: Safely Re-Opening America

 

U.S. SenateWashington, D.C. – This week, President Donald Trump appointed a congressional task force to provide counsel on the re-opening of America. Since the day COVID-19 Coronavirus reached our shores, President Donald Trump’s resolve to defeat it has not wavered.

His administration has worked day and night to identify the most effective ways to keep the American people safe, from supplying health care workers with needed equipment to aiding small business owners through a volatile economic period. 

Senator Marsha Blackburn.

Senator Marsha Blackburn.

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President Donald Trump, Members of the Coronavirus Task Force statements at Press Briefing

 

The White HouseWashington, D.C. – President Donald Trump: Thank you very much. Good afternoon. We continue to see a number of positive signs that the virus has passed its peak. It’s been very devastating all over the world. A hundred and eighty-four countries. Probably more. That number was as of a week ago.

Dr. Birx will walk through some of these trends in a few moments, but they’re very positive trends for winning. Going to win. We’re going to close it out.

U.S. President Donald J. Trump

U.S. President Donald J. Trump

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Democrats Need to Stop Holding Small-Business Help Hostage

 

The White HouseWashington, D.C. – “It’s beyond tragic: The loan program to aid small businesses hit by lockdowns is almost out of cash, yet Democrats still refuse to OK new funds unless their unrelated demands are met,” the New York Post editorial board writes.

“If small-business closures spike, costing countless workers their jobs, Americans shouldn’t forget the Dems’ cynicism.”

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Ivanka Trump Lassos $1.6B for Virus-Slammed Small Companies

 

The White HouseWashington, D.C. – “Ivanka Trump, President Donald Trump’s jobs czar, and Treasury Secretary Steven Mnuchin have rallied American banks to pony up $1.6 billion to help small businesses and Main Street Americans crushed by the Coronavirus (COVID-19),” Paul Bedard reports in the Washington Examiner.

“Initiated at a mid-March meeting with banking leaders at the White House, several this week [pledged] millions of dollars of help to supplement the billions of dollars set aside by the administration and Congress for programs such as the Payroll Protection Plan.”

Ivanka Trump. (Official White House Photo by Stephanie Chasez)

Ivanka Trump. (Official White House Photo by Stephanie Chasez)

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Tennessee Governor Bill Lee’s COVID-19 Bulletin #14

 

Tennessee State GovernmentNashville, TN – Today, Tuesday, April 7th, 2020, Tennessee Governor Bill Lee provided an update on Tennessee’s efforts regarding Coronavirus (COVID-19) relief.

Governor Lee’s daily press conferences can be viewed live this week Monday through Thursday at 3:00pm CT here. Governor Lee has also established a website specific to Coronavirus (COVID-19) updates which can be found here.

Tennessee Governor Bill Lee

Tennessee Governor Bill Lee

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