Shaheen Statement on Small Business Week

May perhaps 02, 2022

(Manchester, NH) – U.S. Senator Jeanne Shaheen (D-NH), a senior member of the Senate Smaller Small business and Entrepreneurship Committee, issued the next assertion in celebration of Smaller Organization 7 days, which is from May well 1 to May perhaps 5.

“Small enterprises are the backbone of New Hampshire’s economy and embody the heart and soul of our communities. All through Countrywide Little Small business Week, I’m thrilled to support attract consideration to the important job that these companies engage in during the Granite Point out,” explained Shaheen. “Especially as our compact businesses emphasis on restoration attempts from the results of the pandemic, coupled with economic strains exacerbated by provide chain delays and workforce problems, displaying our help is a lot more significant than at any time. I’ll carry on to advocate on behalf of our small enterprise local community and preserve working across the aisle to advance laws to aid them realize success and expand.”

On Friday, Shaheen hosted Tiny Enterprise Administration (SBA) Administrator Isabella Casillas Guzman at Uni-Solid, a Londonderry aluminum investment casting manufacturer, to explore the position of Granite State manufacturing, supply chain problems amid the pandemic, workforce demands and federal support for small corporations.

Senator Shaheen labored to give small corporations with the means they need to weather conditions and get better from the economic impact of the COVID-19 pandemic. Shaheen aided guide negotiations on provisions in the Coronavirus Help, Relief and Economic Stability (CARES) Act to support compact organizations, which recognized the Paycheck Protection Application (PPP) and expanded the Economic Personal injury Disaster Financial loan Application, the two of which were being lifelines for corporations all over New Hampshire and the place. Much more than 41,000 New Hampshire small businesses and non-revenue, such as Uni-Solid, obtained about $3.7 billion in PPP help, pursuing Shaheen’s successful drive to lengthen the deadline to use for federal funding through PPP.  In the COVID-19 relief signed into law in December 2020, Shaheen assisted secure $20 billion for the EIDL emergency grant system and $3.5 billion to extend the Debt Aid Program established under the CARES Act, which handles payment of principal, fascination and costs on all pre-existing and new SBA-backed financial loans.

A listing of the SBA’s 2022 New Hampshire Modest Enterprise 7 days Award winners is out there listed here.

###