• Action Alert: COVID-19 Business And Employee Continuity And Recovery Fund (The Recovery Fund)

    As you may know, the US Chamber created the Save Small Business Coalition (SSBC), and now joined by over 90 members nationwide, to find a solution to get money into the hands of all businesses as soon as possible.

    Since its origin in March, the SSBC has been working to find a solution that will assist small businesses quickly and effectively with business continuity. It has worked with partner associations in the insurance and commercial development industries and have now aligned efforts with the Joint Trades Coalition, led by the International Council of Shopping Centers association. The relief vehicle proposes for the establishment of the COVID-19 Business and Employee Continuity and Recovery Fund , modeled after the 9/11 Victim Compensation Fund, that would create the framework to assist all impacted businesses regardless of size, industry or location.  

    The COVID-19 Business and Employee Continuity and Recovery Fund (Recovery Fund) is a proposed federal direct assistance grant program to provide liquidity to businesses that have been significantly impacted by the COVID-19 pandemic. The purpose of the Recovery Fund is to enable employers (and their employees) of all sizes and across all industries to financially survive losses caused by the COVID-19 crisis, as well as provide liquidity to enable employers to re-enter the market as rapidly as possible when it is safe to do so.

    We need you to ACT NOW and contact our Federal Representatives to let them know that we need this solution for business continuity ASAP.