Businesses Encouraged to Take Action Today! - CARES Act and PPP
Hoping you’ll join us by encouraging businesses in the Chamber to reach out to their congressmen/women TODAY for the following, as it pertains to the PPP:
- Provide immediate guidance on forgivability – meeting the intentions of the CARES Act while allowing business owners to make the best decisions possible to maintain working capital, stay current on rent and utilities, and provide flexibility on when to bring back employees (see an example, attached). We are taking an active role as an industry, and business owners should take the time to make sure their voice is heard as well.
- Note: The 75/25 rule was added in after the Act was passed, and it’s restrictive and potentially harmful for businesses.
- Approve an additional round of funding to help businesses that were left out of the first round.
- Note: Hopefully in the next couple days, they will pass an additional $250-300 billion available.