Good news, but liability, unemployment insurance increases need addressing
FOR IMMEDIATE RELEASE
Contact: Tony Gagliardi, Wyoming State Director, Tony.Gagliardi@nfib.org
or Tony Malandra, Senior Media Manager, Anthony.Malandra@nfib.org
CHEYENNE, Wyo., May 5, 2020—From Tony Gagliardi, NFIB Wyoming state director, on today’s release of the latest survey of NFIB small-business-owning members showing the Paycheck Protection Program (PPP) popular among small businesses, with 77% of owners reporting they have successfully submitted an application and 61% saying they’ve received the funds
“It pleases me these loans are finally getting to those who need the support, small business owners. The fact that publicly traded companies with hundreds of employees were being allowed to access these loans was disheartening, when seeing Main Street business owners worried if they would ever unlock their doors again. Congress must now turn its attention to the issue of presumption liability, as it applies to an employee or customer suddenly testing positive and being able to put the blame on the business owner, and to other concerns, such as supply chain, product liability, premises liability, worker’s comp. liability, ADA compliance, etc. Labor unions and plaintiff attorneys are already salivating with lawsuit awards dancing in their minds.”
From Holly Wade, NFIB Director of Research & Policy Analysis
“After the second round of funding, many more small businesses were able to apply and receive funding from these federal loan programs. Now, business owners need guidance on how they can spend these funds in order for them to be forgiven.”
- NFIB President and CEO Brad Close letter to Treasury Secretary Steven Mnuchin and SBA Administrator Jovita Carranza–“Small business owners should not be penalized due to the current lack of regulatory clarity. Most small business owners are planning to take full advantage of loan forgiveness rather than using the funds as a low interest loan over 2 years. NFIB requests SBA issue an Interim Final Rule on forgiveness as soon as possible.”
Keep up with the latest Wyoming small-business news at dv.nfib.com/WY and follow @NFIB_WY on Twitter.
For more than 77 years, NFIB has been advocating on behalf of America’s small and independent business owners, both in Washington, D.C., and in all 50 state capitals. NFIB is a nonprofit, nonpartisan, and member-driven association. Since our founding in 1943, NFIB has been exclusively dedicated to small and independent businesses and remains so today. For more information, please visit nfib.com.
P.O. Box 1890
Cheyenne, WY 82009