WASHINGTON, D.C. –Today, U.S. Senator Jacky Rosen (D-NV), a member of the Senate Committee on Small Business and Entrepreneurship, participated in a video conference with members of the Reno + Sparks Chamber of Commerce to provide an update on the federal government’s COVID-19 response, discuss her actions to support Nevada’s economy, and answer questions from the Reno + Sparks Chamber of Commerce members.
“We all know that here in Nevada, small businesses are the backbone of our economy. However, during this pandemic, this important sector of our economy has been hit especially hard,” said Senator Rosen. “I’m glad to have this chance to speak with members of the Reno + Sparks Chamber to discuss the federal resources that are available to Nevada’s small businesses. I will continue to work to protect Nevada’s business community and fight for critical programs that support jobs and small business growth.”
BACKGROUND: Last year, Rosen led the charge to expand the Paycheck Protection Program (PPP) to include small gaming businesses.
Also last year, Rosen was one of six Senators to introduce and help pass bipartisan legislation to extend the U.S. Small Business Administration’s authority to approve PPP loans to small businesses through August 8, 2020. Without action from Congress, the Paycheck Protection Program would have expired at midnight on June 30th, 2020.
Thanks to PPP, Nevada was able to retain over 525,000 jobs during the first few months of the COVID-19 pandemic and that number continues to grow.
Last month, Rosen re-introduced her bipartisan FRESH AIR for Businesses Act, a bill aimed at supporting struggling businesses stay afloat by providing tax credits for ventilation upgrades that will make indoor spaces safer for customers and workers. Rosen originally introduced the bipartisan FRESH AIR for Businesses Act in December 2020.
Last week, Rosen filed an amendment to the 2021 Budget Resolution to create reserve funds to support EIDL loans and grants for small businesses.