Alexander Says Additional Help Is On The Way To More Than 85,000 Tennessee Small Businesses And Their Employees

Thursday, June 4, 2020

Senator Lamar Alexander on Thursday released the following statement after the Senate passed the Paycheck Protection Program Flexibility Act – bipartisan legislation he supported that provides the Paycheck Protection Program (PPP) additional flexibility for the more than 85,000 Tennessee small businesses who have received forgivable loans through the program.      

 

He said, “As of May 30, the Small Business Administration had approved more than $8.8 billion in loans for 85,600 Tennessee businesses.

Currently, businesses only have eight weeks to spend the money, which many business owners in Tennessee have said is not long enough to bridge the economic gap created by the COVID-19 outbreak. Giving businesses 24 weeks to use the loans better reflects the real world challenges facing small businesses and should help Tennessee small businesses retain more workers.”

 

The Paycheck Protection Program (PPP) Flexibility Act provides greater flexibility for small businesses to use PPP loans.  The bill triples the amount of time small businesses have to use the funds and extends the deadline for small businesses to apply for a PPP loan from June 30 to Dec. 31.

 

Senator Alexander supported the CARES Act, which created the Paycheck Protection Program. He said the program provides sweeping relief to keep paychecks coming for workers. 


New Hamilton County Business Licenses

Chattanooga Chamber Calendar Of Events July 6-10

Local Business Women Repair Zone Launches Hands-On Online Workshops


Here are the new business licenses from the County Clerk's office: A C DRYWALL CO DAVID NAHABEDIAN 1944 PEACH ST ROSSVILLE GA 30741 AIRD&B LLC DOUG MATHENY 605 BROWNS FERRY RD CHATTANOOGA ... (click for more)

July 7, ONLINE - Member Orientation 8:30-10 a.m. Join us via Zoom to learn more about your member benefits and what's going on at the Chamber. Register at https://bit.ly/2C1oyFq. No cost. ... (click for more)

Women Repair Zone, a local Chattanooga business where women instructors teach women DIY home repair, home improvement and auto maintenance skills, has launched online workshops that continue ... (click for more)



Business

New Hamilton County Business Licenses

Here are the new business licenses from the County Clerk's office: A C DRYWALL CO DAVID NAHABEDIAN 1944 PEACH ST ROSSVILLE GA 30741 AIRD&B LLC DOUG MATHENY 605 BROWNS FERRY RD CHATTANOOGA TN 37419 BB CONTRACTING COMPANY, LLC PHILLIP L HUNT 3575 WINDY J FARMS LOUISVILLE TN 37777 BEN SWEETON BENJAMIN D SWEETON 719 VALLEY BRIDGE RD CHATTANOOGA TN 37415 BLUE ... (click for more)

Chattanooga Chamber Calendar Of Events July 6-10

July 7, ONLINE - Member Orientation 8:30-10 a.m. Join us via Zoom to learn more about your member benefits and what's going on at the Chamber. Register at https://bit.ly/2C1oyFq. No cost. July 7, ONLINE – North Chattanooga Chamber Council Meeting noon-1 p.m. Join us as we hear from Dionne Jenkin, VP of Diversity and Inclusion at Tennessee Valley Federal Credit Union, ... (click for more)

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A shooting on Sunday afternoon left a man with critical injuries. The incident happened at 1521 Hickory Valley Road. The victim was taken to the hospital by Hamilton County EMS. (click for more)

Opinion

Time To Examine Tax Breaks For Churches - And Response

Churches are classified for tax purposes as 501(c)(3) organizations. This means contributions to them are generally tax deductible and they pay no property taxes on their real estate facilities. In return for this there are certain restrictions they must follow, the most important being: "Specifically, 501(c)(3) organizations are prohibited from engaging in excessive political ... (click for more)

Roy Exum: The Side Of Freedom

J.R.R Tolkien, who quite famously wrote books like ‘The Hobbit’ and ‘The Lord of the Rings’, made a very astute observation one day before he died almost 50 years ago. “All we have to decide is what to do with the time given us.” None of us knows when the bell will toll, so my sole responsibility is to squeeze the most and best and brightest out of “the time given me” and I enjoy ... (click for more)