Washington, DC — Today, Small Business Majority Founder and CEO John Arensmeyer called on U.S. Treasury Secretary Steven Mnuchin and Small Business Administrator Jovita Carranza to develop an oversight mechanism of the Paycheck Protection Program (PPP). In a letter sent to the Administration, Small Business Majority proposed a straightforward approach to collecting relevant borrower information, while making publicly available only the full data of the highest 15% of borrowers.
Press Releases
Press Release Date:
Thursday, June 18, 2020
Request comes with a suggested model for protecting the privacy of the most vulnerable borrowers, while also conducting proper oversight and transparency of the program
Topic(s):
Access to Capital, COVID-19
Press Release Date:
Thursday, June 18, 2020
Washington, DC – Today, Small Business Majority’s National Latino Entrepreneurship Director, Xiomara Peña, issued the following statement after the U.S. Supreme Court ruled that the Trump Administration cannot carry out its plan to shut down the Deferred Action for Childhood Arrivals (DACA) program, which has allowed nearly 800,000 young people, known as "Dreamers," to avoid deportation and remain in the U.S.
Topic(s):
Access to Capital, COVID-19, Immigration, Minority entrepreneurship
Press Release Date:
Thursday, June 18, 2020
Washington, DC – Hoy, la Directora de Programas Nacionales para la Comunidad Latina de Small Business Majority, Xiomara Peña, emitió la siguiente declaración después de que la Corte Suprema de los Estados Unidos de América dictaminó que la Administración de Trump no puede llevar a cabo su plan para cerrar el programa de Acción Diferida para los Llegados en la Infancia (DACA), que ha permitido que casi 800,000 jóvenes conocidos como “Dreamers,” hayan evitado la deportación, y puedan permanecer en los Estados Unidos.
Topic(s):
Access to Capital, COVID-19, Immigration, Minority entrepreneurship
Press Release Date:
Wednesday, June 17, 2020
Statement from John Arensmeyer, Founder and CEO at Small Business Majority on the United States Supreme Court ruling that no longer can an individual be discriminated against based on their gender identity or sexual orientation.
“America’s economy is strongest when it is diverse and inclusive. At no time is this more evident than today, as we collectively dedicate ourselves to building a truly equitable society, free from systemic racism and other forms of discrimination. As such, we applaud the Supreme Court’s landmark 6-3 decision that civil rights laws include members of the LGBTQ+ community in the workplace.
Topic(s):
LGBTQ Nondiscrimination, Workforce Issues
Press Release Date:
Tuesday, June 16, 2020
State establishes two new grant and loan programs for businesses left behind by federal stimulus package, but several critical issues remain unresolved
Denver, CO – As the 2020 legislative session comes to an end, the Colorado State Legislature passed several key pieces of legislation to help small businesses recover from the COVID-19 economic crisis and better compete with larger businesses in the future. Two bills that passed (SB20-222 and HB20-1413) will establish new recovery loan and grant programs for small businesses left behind by federal stimulus programs, like the Paycheck Protection Program (PPP).
Topic(s):
Access to Capital, COVID-19, Retirement
Press Release Date:
Saturday, June 13, 2020
Denver, Colorado — Today, Hunter Railey, Colorado Director at Small Business Majority issued the following statement after the Colorado Legislature passed SB20-200, which would establish the Colorado Secure Savings Program, a state-facilitated retirement program for private-sector employees.
Topic(s):
Access to Capital, COVID-19, Financial Reform
Press Release Date:
Thursday, June 4, 2020
Recovery will require bold initiatives like a direct grants program for businesses under 100 employees and automatic forgiveness of all PPP loans under $150,000
Washington, DC – Today, John Arensmeyer, Founder and CEO of Small Business Majority, released the following statement after the Senate passed the Paycheck Protection Program (PPP) Flexibility Act (H.R. 7010), which makes critical changes to PPP to better serve struggling small business owners in the wake of the COVID-19 pandemic. The bill now heads to the President’s desk for signature.
Topic(s):
Access to Capital, COVID-19, Government Accountability
Press Release Date:
Tuesday, June 2, 2020
Statement from Small Business Majority Board Chair LaJuanna Russell and Founder & CEO John Arensmeyer
As advocates for the small business community that are focused on building an inclusive and diverse economy, we condemn the racism in our country that continues to spawn shocking institutional violence against African-Americans and other people of color. Our mission is to support diverse entrepreneurs and those in underserved communities, as we see on a daily basis the disadvantages faced by hard-working business owners and their employees in those communities—including lack of access to capital, quality healthcare, other benefits and equal economic opportunities.
Topic(s):
Access to Capital, COVID-19, Minority entrepreneurship
Press Release Date:
Thursday, May 28, 2020
Washington, DC – Today, John Arensmeyer, Founder and CEO of Small Business Majority, released the following statement after the House of Representatives passed the Paycheck Protection Program (PPP) Flexibility Act (H.R. 7010), which would make critical changes to PPP to better serve struggling small business owners in the wake of the COVID-19 pandemic.
Topic(s):
Access to Capital, COVID-19
Press Release Date:
Friday, May 15, 2020
After more than a month of confusion and frustration, small business owners are hopeful that PPP will be reformed to fit their needs
Washington, DC – Today, ahead of the U.S. House of Representatives vote on the Heroes Act, a $3 trillion dollar COVID-19 stimulus plan that contains critical reforms to the Paycheck Protection Program (PPP), Small Business Majority released the following comments from network members from across the country. In their own words, several entrepreneurs explain the challenges with the current PPP structure, their personal experiences in the wake of the pandemic, and support for broadening the parameters of PPP.
Topic(s):
Access to Capital, COVID-19, Financial Reform