Federal Government

New Rules for PPP Loan Forgiveness

By / Economy, Federal Government, Small Business, Small Business Advocacy Blog /

FROM THE U.S. SMALL BUSINESS ADMINISTRATION PRESS OFFICE June 8, 2020 Upcoming Procedures SBA, in consultation with Treasury, will promptly issue rules and guidance, a modified borrower application form, and a modified loan forgiveness application implementing these legislative amendments to the PPP.  These modifications will implement the following important changes: Extend the covered period for loan forgiveness from eight weeks after the date of loan disbursement to 24 weeks after the […]

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‘Furious’ Small Business Owners Fuel Feelings of Unfairness in Coronavirus Stimulus

By / Economy, Federal Government, Press, Small Business /

“We’ve seen too many examples of large companies claiming millions while most of our mom and pop business owners are left out in the cold,” Frank Knapp Jr., co-chairman of the Businesses for Responsible Tax Reform coalition and CEO of the South Carolina Small Business Chamber of Commerce, said in a statement on Tuesday. “That

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51% of small businesses won’t survive unless Congress gives grants now

By / Economy, Federal Government, Small Business, Small Business Advocacy Blog /

Blog of Frank Knapp, President/CEO of the South Carolina Small Business Chamber of Commerce March 21, 2020 U.S. Senate Republicans and Democrats are discussing what should be in the Senates Stimulus package which might receive a vote on Monday. The urgency for Congress to come up with a plan that will work to save small

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Policy Recommendations to Help Small Businesses Survive COVID-19

By / Economy, Federal Government, Small Business, Small Business Advocacy Blog /

Below is the letter sent late yesterday to U.S. Senate leaders and members of the U.S. House.  The letter gives four recommendations for helping small businesses survive the coronavirus pandemic. The letter is from a national coalition of small businesses, Businesses for Responsible Tax Reform, which is co-chaired by the president/CEO of the SC Small

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Corona Virus Impact on  Small Business. UPDATE and INFORMATION

By / Federal Government, Small Business, Small Business Advocacy Blog /

March 19, 2020 Issues covered in this newsletter: -New employee sick leave and family leave requirements -Employers filing unemployment claims for their workers -Free coronavirus screenings The Families First Coronavirus Response Act Congress passed on Tuesday of this week and the President signed on Wednesday a second bill that addresses the coronavirus health crisis.  Read

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Businesses for Responsible Tax Reform Encouraged by Coronavirus Relief Package, but Urges Swift Action that Directly Helps Vulnerable Small Businesses and Their Workers

By / Economy, Federal Government, Press /

FOR IMMEDIATE RELEASE Contact: Conan Knoll conan@emcstrategies.com (831) 524-6764 Statement by Frank Knapp, Jr. co-chair of Businesses for Responsible Tax Reform and President & CEO of the South Carolina Small Business Chamber of Commerce Washington, D.C., March 18, 2020—Amid expanding economic impacts and business closures from COVID-19, it was encouraging to see Congress pass and

Businesses for Responsible Tax Reform Encouraged by Coronavirus Relief Package, but Urges Swift Action that Directly Helps Vulnerable Small Businesses and Their Workers Read More »

Coronavirus: Small Spartanburg businesses in ‘survival mode’

By / Economy, Federal Government, Press /

“A lot of small businesses are in survival mode right now. They are going to struggle to survive; they may have to lose employees, they may close down.” March 17, 2020 By Dustin Wyatt While typically busy at lunchtime, the dining room at Herb ’N Eats was empty Tuesday afternoon. The restaurant on Union Street

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Outbreak undermines consumer spending, chamber CEO says

By / Economy, Federal Government, Press, Small Business /

“The federal government has to start putting stimulus money on the street,” Knapp said. “We have to stimulate this economy to get us back to where we need to be, and that means literally writing checks and putting them in the hands of working people.” Charleston Regional Business Journal March 17, 2020 By Andy Owens

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Small businesses could crumble in 45 days or less as coronavirus pandemic takes a toll

By / Economy, Federal Government, Press /

“A lot of small businesses don’t have policies for unemployment and other payments for leave, so the federal government can step in there,” said Knapp. “Small businesses can’t afford to pay people who aren’t working.” Small business owners and the groups that support them say a cash injection is what’s needed most MarketWatch March 17,

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