The National Retail Federation applauds a House action on legislation that would give employers more time and flexibility to use Paycheck Protection Program money aimed at helping small businesses survive the coronavirus pandemic.
The National Retail Federation recently welcomed the introduction of the Pandemic Risk Insurance Act, which would establish a federal program to help businesses obtain insurance coverage for pandemics modeled on a system for terrorism insurance established following 9/11.
Under the Senate bill, businesses would be given 16 weeks to spend funds from the program and still have the Small Business Administration loans forgiven.
The new AVB BrandSource consumer credit program is designed to give members payment parity with big-box retailers in the online sales arena.
National Retail Federation CEO Matthew Shay says access to financial relief should be available to businesses of all sizes as pandemic continues to hit retail hard.
As a global health crisis potentially morphs into an economic one, Deloitte is conducting a series of biweekly surveys around the globe to better understand the interplay between personal safety and economic vulnerability.
The National Retail Federation has welcomed a nearly $500 billion package set for a vote in the Senate that would increase funding for loans to small businesses and provide other economic aid during the coronavirus pandemic.
The National Retail Federation has called on Congress to pass legislation establishing a federal program that would help businesses obtain insurance coverage for pandemics modeled on a program for terrorism insurance established following 9/11.
Brian Dodge, president of the Retail Industry Leaders Association, has issued the following statement following the President’s announcement deferring some tariff payments for 90-days.
Retail Industry Leaders Association (RILA) says liquidity key to saving millions of jobs. These programs, along with expansion of the Primary and Secondary Market Corporate Credit Facilities (PMCCF and SMCCF) to purchase eligible corporate debt will help ensure additional liquidity remains in the market.”