APRIL ADVOCACY UPDATE
Tonight, the President will deliver his first address to a joint session of Congress at 9 PM ET, two days before his 100th day in the White House. We expect to hear a lot about his plans for the country.
But, what are all the Biden Administration plans everyone is talking about?
In March, the American Rescue Plan signed by President Biden included the Restaurant Revitalization Fund, Targeted EIDL Grants, more money for the Paycheck Protection Program, and created the Community Navigator Program. (More details below)
Next came the American Jobs Plan, this plan introduced by the Biden Administration focuses empower and protecting workers. Here’s more information on how the American Jobs Plan would support women’s employment. Here’s the fact sheet on the American Jobs Plan.
Most recently, the Biden Administration released the American Families Plan. The American Families Plan outlines its ideas on education, teacher preparation, support to children and families, and tax cuts. This $1.8 trillion package is described by the Washington Post as a package that would dramatically expand education and safety-net programs.
GET PPP, EIDL, AND ARE LOOKING AT RESTAURANT FUNDS OR SHUTTERED VENUES?
Click here to learn about cross-program eligibility.
RESTAURANT REVITALIZATION FUND
The Small Business Administration (SBA) released key details on application requirements, eligibility, and a program guide for the Restaurant Revitalization Fund (RFF) passed under the American Rescue Plan Act of 2021. Eligible restaurants can apply for funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location.
Here’s how to prepare:
The SBA recommends qualifying applicants familiarize themselves with the application process in advance to ensure a smooth and efficient application experience, specifically by:
Registering for an account in advance at sba.gov starting Friday, April 30, 2021, at 9 AM EDT.
Reviewing the official guidance, including program guide, frequently asked questions, and application sample.
Preparing the required documentation.
Working with a point-of-sale vendor or visiting sba.gov to submit an application when the application portal opens. [Note: If an applicant is working with a point-of-sale vendor, they do not need to register beforehand on the site.]
Attending a live recorded virtual training webinar.
For the first 21 days that the program is open, the SBA will prioritize funding applications from businesses owned and controlled by women, veterans, and socially and economically disadvantaged individuals. All eligible applicants are encouraged to submit applications as soon as the portal opens. Following the 21 days, all eligible applications will be funded on a first-come, first-served basis.
Consistent with the legislation and the intent of Congress, the SBA continues to take steps to ensure the equitable distribution of relief, particularly for the smallest businesses, by creating a $9.5 billion set-aside: $5 billion for applicants with 2019 gross receipts of not more than $500,000; $4 billion is set aside for applicants with 2019 gross receipts from $500,001 to $1,500,000; and $500 million for applicants with 2019 gross receipts, not more than $50,000.
TARGETED EIDL ADVANCE
The U.S. Small Business Administration Launched Supplemental Targeted Advance for Small Businesses Hardest Hit by COVID-19.
Denied for Targeted EIDL Advance?
Effective immediately, applicants can send a request for reevaluation of a Targeted EIDL Advance application that was declined to the following email address: TargetedAdvanceReevaluation@sba.gov.
Applicants should follow these instructions when requesting a reevaluation:
· Send an email to TargetedAdvanceReevaluation@sba.gov
· Use the subject line “Reevaluation Request for [insert your 10-digit application number]”
· In the body of the email, include identifying information for the application such as application number, business name, business address, business owner name(s), and phone number
· Important: Include an explanation and any documentation that addresses the reason for the decline, if available. SBA will contact applicants if additional documentation is required to complete the review.
SHUTTERED VENUE OPERATORS GRANT
The application portal reopened Monday, April 26, 2021, at 12:00 PM EDT. You register on the portal. Applicants need a smartphone and a multi-factor authenticator app to register and apply.
The SBA has also added the following updated resources.
Applicant user guide and FAQ: For help with the application process, refer to the applicant user guide and FAQ.
Checklist: Use the list to make sure you have everything you need to complete your application.
Call Center: For Shuttered Venue Operators Grant application portal technical assistance such as a password reset, browser suggestions, or how to use the multi-factor authentication with an app and the QR code, applicants can call 1-800-659-2955 or, for the deaf and hard-of-hearing 1-800-877-8339 and follow the prompts to SVOG assistance. The call center is open through the weekend from 8 AM to 8 PM EDT. For additional information and to review applicant resources, visit www.sba.gov/svogrant.
NEW PAID LEAVE TAX CREDIT
There is a new paid leave tax credit that will offset the cost for employers with fewer than 500 employees to provide full pay for any time their employees need to get a COVID-19 vaccination or recover from that vaccination. The Treasury Department published two fact sheets, which can also be found here and here, to help small businesses better understand how to claim the paid sick leave credit.
EXECUTIVE ORDER: MINIMUM WAGE $15
Keep in mind this is for federal workers.
• Increase the hourly minimum wage for federal contractors to $15.
Starting January 30, 2022, all agencies will need to incorporate a $15 minimum wage in new contract solicitations, and by March 30, 2022, all agencies will need to implement the minimum wage into new contracts. Agencies must also implement the higher wage into existing contracts when the parties exercise their option to extend such contracts, which often occurs annually.
• Continue to index the minimum wage to an inflation measure so that every year after 2022, it will be automatically adjusted to reflect changes in the cost of living.
• Eliminate the tipped minimum wage for federal contractors by 2024.
• Ensure a $15 minimum wage for federal contract workers with disabilities. To ensure equity, similar to the Obama-Biden minimum wage executive order for federal contractors, this executive order extends the required $15 minimum wage to federal contract workers with disabilities.
• Restore minimum wage protections to outfitters and guides operating on federal lands by revoking President Trump’s executive order 13838 “Exemption From Executive Order 13658 for Recreational Services on Federal Lands.”
Hearings to Note
House Small Business Committee
Today, Wednesday, April 28, at 12:15 PM ET
Virtual hearing on Harnessing the Power of Immigrant-owned Businesses to Build Back Better on
House Committee on Small Business
Thursday, April 29 at 1:00 PM ET
Virtual hearing on Supply Chain Resiliency and the Role of Small Manufacturers on
Senate Committee on Small Business and Entrepreneurship
Last week, the Senate Small Business & Entrepreneurship committee held the nomination hearing for Mr. Dilawar Syed to be Deputy Administrator of the SBA. To watch the archived hearing, click here.
Want to hear more about NAWBO Advocacy efforts or get involved? Contact Elle Patout via email at firstname.lastname@example.org.