[COVID-19 Business & Food Systems]
Rep. Velázquez: “Many small businesses across the food system are still in the difficult position of figuring out how to pay rent and survive, while many have shut down forever.”
Photo: YouTube
Small Business Administration
Rep. Velázquez Surveys Pandemic’s Impact on Food Businesses
Black Businesses struggling from COVID-19, Structural Racism
[Black Business\COVID-19]]
CNBC: “Black small business owners have endured an especially tumultuous few months. They have been hit harder by the coronavirus pandemic, they have received less federal support…”
Photo: YouTube
ONEUNITED BANK, LARGEST BLACK OWNED BANK, LAUNCHES SBA PAYCHECK PROTECTION PROGRAM
[ONEUNITED BANK\SBA PAYCHECK PROTECTION PROGRAM]
OneUnited has unique access to $30 billion of stimulus funding that was allocated to Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs) as part of the second round of PPP.
Photo: OneUnited Bank
COVID-19 PPP SMALL BUSINESS LOANS TO U.S. TERRITORIES INEQUITABLE SAY LAWMAKERS
[COVID-19\PPP Loans]
Velázquez: “Small businesses in the five territories are facing the same dire conditions as those in the fifty states.”
Photo: YouTube
SBA’S PAYCHECK PROTECTION LOANS APPEAR TO EXCLUDE MANY CONSTRUCTION COMPANIES
[COVID-19\Paycheck Protection Program]
AGC: “We urge the President and the Administrator of the Small Business Administration to immediately clarify the eligibility standard for the program so that all construction firms that employ fewer than 500 people are able to take advantage.”
Photo: YouTube
WATERS: COMMUNITY FINANCIAL INSTITUTIONS MUST BE INVOLVED IN HELPING SMALL BUSINESSES
[Community Financial Institutions]
The PPP allows financial institutions to provide forgivable loans to small businesses so they can keep employees on their payroll while having additional funds to pay rent, utilities and other costs.
Photo: YouTube
NEW SMALL BUSINESS ADMINISTRATOR TO TESTIFY BEFORE HOUSE NEXT WEEK
[Small Business Administration]
Rep. Velazquez: “I am looking forward to the opportunity to gain a greater understanding of Administrator Carranza’s plans to run the agency.”
Photo: Wikimedia Commons
NY CONGRESSWOMAN VELAZQUEZ PUSHES LEGISLATION TO PROMOTE JOB AND ENTREPRENEURIAL TRAINING IN PRISONS
[Congressional News\Mass Incarceration News]
Rep. Nydia Velázquez: “The stigma of incarceration can make basic needs like employment inaccessible for those that have already paid their debt to society. For returning citizens, entrepreneurship is a proven tool that can unlock economic opportunities and provide a path toward a healthy and productive life. By providing these individuals with the knowledge and training needed to run a small business, this bill will help to ensure that returning citizens have a place in our economy and a genuine second chance.”
Photo: Wikimedia Commons
