Jobs and Economic Growth
More on Jobs and Economic Growth
President Donald Trump issued a proclamation declaring Sept. 20-26, 2020 as National Small Business Week. “Our nation’s more than 30 million small businesses, which employ nearly half the private-sector workforce and create two-thirds of all net new jobs, are the key to propelling our economy to the prosperity levels America has enjoyed over the past three years,” the president wrote. As many of these small businesses struggle to stay open after COVID-19, this national declaration is an important reminder to support our community-owned businesses.
When COVID-19 hit the U.S. early this year, about one-third of Americans began working from home to limit contact with others and slow the spread of the virus. However, many people still had to keep their businesses operating in order to keep essential infrastructure in place. Because of their work, we could consistently rely on stocked grocery store shelves and a functioning supply chain.
WASHINGTON – Today, U.S. Rep. Bruce Westerman (R-Ark.) released the following statement after concluding his Everyday Heroes tour:
Many businesses are still operating at limited capacity, with fewer staff or entirely remote work. In my offices, we’ve taken every precaution to ensure staff members’ safety, but we are all still ready and able to help you with any issues you may be having with the federal government.
Regulations and safety precautions surrounding COVID-19 had a dramatic impact on the U.S. economy. Millions of Americans lost their jobs, and Arkansan small businesses had to quickly adjust to reduced hours, curbside pickup or delivery services and a smaller workforce. Now, as states reopen, we are all watching to see what happens next.
Millions of small businesses across America have been impacted by COVID-19, and Congress created the Paycheck Protection Program (PPP) to assist them through the crisis. As of May 23, 40,329 Arkansas businesses had received a total of $3,286,789,662 in PPP funds. These businesses have been able to use the forgivable loans to maintain payroll, cover operating expenses and more.
When COVID-19 first began to spread, I don’t think any of us could have predicted just how catastrophic it would become. After more than two months of shelter in place protocols, almost 40 million Americans have lost their jobs and don’t know what the future holds. As a member of Congress, I believe it is my duty to lead by example, and that’s why it’s high time for Congress to get back to work.
WASHINGTON – Today, U.S. Rep. Bruce Westerman (R-Ark.) released the following statement after the House of Representatives passed the Paycheck Protection Program and Health Care Enhancement Act:
These days, reading the news is sobering at best. News of COVID-19 spreading across the world, infecting friends and loved ones, and causing economic instability is all over the headlines. However, even in these uncertain times, I’ve also heard so many stories about Arkansan communities coming together to support and care for each other.
U.S. Sens. John Boozman and Tom Cotton—along with U.S. Reps. Steve Womack, French Hill, Rick Crawford, and Bruce Westerman—sent a letter to the United States Small Business Administration (SBA) to support Arkansas Governor Asa Hutchinson’s request for an SBA disaster declaration for economic injury as a result of the novel coronavirus (COVID-19). The declaration would make additional federal resources available to the state’s small businesses to provide needed relief during this unprecedented time.