A group of area business people who received assistance from the first round of stimulus funding from the Small Business Administration’s the Paycheck Protection Program met for a press conference Saturday at the Log Cabin in
The CARES Act pumped almost
Neal, as chairman of the
“This unprecedented program, made possible through the passage of the CARES Act, has saved businesses, it has saved good jobs and it has saved beloved fixtures in our communities that we all value and want to sure survive the COVID-19 recession,” Neal said.
A variety of businesses and nonprofits received assistance from the PPP, including the
“Immediately upon receiving these funds we were able to pay rent and utilities,” Yee said. “As time went on we were able to hire employees back incrementally and protect meaningful jobs with the PPP.
“When it first hit, none of us knew what to do or how this was all going to play out,” he said. “Our parts and service departments were considered “essential services” so we were able to keep some employees. But, we had to furlough quite a few. The PPP allowed us to bring back a lot of people, and we were able to keep insurance coverage for our employees while they were furloughed. This program was crucial. We would not have been able to go forward in the shape we are in if not for the PPP loan.”
Log Cabin owner
“We are still floating,” he said. “We have a large overhead. With the PPP we have a lifeline, but we are not out of the water and the PPP is not the end of the help we will need.”
Rosskothen also owns the Delaney House and Restaurant on
“I think it is irresponsible when you consider the House passed the HEROS Act 10 weeks ago. It is going to be extremely important for people,” Neal said. “There is money in there for state and local governments, which is clearly important as we try to reopen schools in the fall. There is more money for hospitals and unemployment insurance. You would think that the current resurgence of the coronavirus would be getting people to think about getting this assistance done as soon as possible.”
Neal said House members are on a 24-hour recall notice in case negotiators from the
“We are grateful that we were able to get the CARES funding,” Najimy said. “We were able to treat our employees with dignity and respect their struggles. That means a great deal to us. We consider (the PPP) a wonderful gift.”
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