Posts by growthzone
U.S. Senate Passes PPP Extension to May 31
U.S. Senate Passes PPP Extension to May 31 The U.S. Senate passed the PPP Extension Act of 2021 today in a vote of 92-7. This legislation extends the deadline for eligible businesses to submit applications for first or second-draw loans to their lender of choice to May 31, 2021. The program was originally slated to…
Read MoreBipartisan Coalition Introduce Securing America’s Clean Fuels Infrastructure Act
Bipartisan Coalition Introduce Securing America’s Clean Fuels Infrastructure Act U.S. Senators Tom Carper (D-Del), Richard Burr (R-NC), Catherine Cortez Masto (D-Nev), and Debbie Stabenow (D-Mich) introduced the Securing America’s Clean Fuels Infrastructure Act this morning. This legislation would improve and expand the Alternative Fuel Vehicle Refueling Property Investment Tax Credit (ITC) (commonly referred to as…
Read MoreU.S. Senate Small Business Committee Holds Hearing on SBA Loan Programs
U.S. Senate Small Business Committee Holds Hearing on SBA Loan Programs The United States Senate Committee on Small Business held a hearing yesterday entitled “Oversight of SBA’s COVID-19 Relief Programs”. This hearing was intended to evaluate the progress of SBA COVID-19 Relief Programs including the Paycheck Protection Program (PPP), the Economic Injury Disaster Loan (EIDL)…
Read MoreSen. Feinstein and Sen. Padilla Urge White House to Reinstate California Clean Air Waiver
Sen. Feinstein and Sen. Padilla Urge White House to Reinstate California Clean Air Waiver Senators Diane Feinstein (D-CA) and Alex Padilla (D-CA), sent a letter this week to President Joe Biden pushing the White House to reinstate the California Clean Air Act Waiver. The waiver, which allows California the authority to set independent greenhouse gas…
Read MoreASA Joins AAVOR in NHTSA Vehicle Data Access Comments
ASA Joins AAVOR in NHTSA Vehicle Data Access Comments Shops Need Data to Repair Customers’ Vehicles The Automotive Service Association (ASA), in partnership with members of the American Alliance for Vehicle Owner’s Rights (AAVOR), submitted comments to the National Highway Traffic Safety Administration (NHTSA) in response to their document “Cybersecurity Best Practices for the…
Read MoreU.S. Congress Passes American Rescue Plan
U.S. Congress Passes American Rescue Plan The U.S. House of Representatives voted today to pass the next round of stimulus legislation, titled the American Rescue Plan Act of 2021. The $1.9 trillion plan will now be sent to President Biden for signature, likely this week. The legislation includes additional funding for the Paycheck Protection Program…
Read MoreNational Safety Council Reports Increase in Motor Vehicle Deaths
National Safety Council Reports Increase in Motor Vehicle Deaths The National Safety Council (NSC) released a preliminary report this week showing an increase in motor vehicle deaths in 2020, even as total vehicle miles travelled dropped drastically due to the pandemic. The report shows an 8% increase in motor vehicle deaths compared to 2019– the…
Read MoreU.S. Drove 13 Percent Fewer Miles in 2020
U.S. Drove 13 Percent Fewer Miles in 2020 According to new preliminary estimates by the Federal Highway Administration, Americans drove 13 percent fewer miles in 2020 than in 2019. In urban areas, miles driven dropped by 14.1 percent, and there was an 11 percent drop in rural areas. In total, Americans drove 3.3 trillion miles…
Read MoreBiden Administration Announces Changes to the Paycheck Protection Program
Biden Administration Announces Changes to the Paycheck Protection Program This morning, President Biden announced tweaks to the Paycheck Protection Program (PPP) that are intended to focus loans to the smallest businesses that may have been left behind in previous iterations of the program. The most significant of these changes is a 14-day period beginning Wednesday,…
Read MoreHouse Small Business Committee Proposes Increase in PPP Funds
House Small Business Committee Proposes Increase in PPP Funds The U.S. House of Representatives Small Business Committee released their economic stimulus plan proposal this week. Included in the plan is increased eligibility for Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL). Additionally, the proposal allocates an additional $7.25 billion for the Paycheck Protection…
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