ABC continues to advocate for additional funds for the Paycheck Protection Program, as the loan program is set to expend the original $349 billion appropriation by week’s end and Congress remains divided on an interim bill.

 

Mike Bellaman Named to President’s Great American Economic Revival Initiative:

 

On April 14, President Donald Trump announced that ABC President and CEO Mike Bellaman was named to one of the Great American Economic Revival Industry Groups, which will work together with the White House towards the stated goal of “charting the path forward toward a future of unparalleled American prosperity.” 

 

President Trump enlisted advisers from 17 sectors of the U.S. economy to help shape the decision-making process concerning the reopening of the U.S. economy from its COVID-19-induced shutdown. Bellaman will serve as one of 12 members of the  Construction/Labor/Workforce Group. The industry groups will also consult with the president and administration leaders to “produce a more independent, self-sufficient and resilient nation.”

 

Earlier, Bellaman sent a letter to the president providing background on the insights that ABC can provide to such an effort, including critical guidance that ABC has gathered from industry leaders, strategic partners and supply chain members during this difficult time for our nation.

 

ABC Action Alert:

 

With critical funding needed to continue the Paycheck Protection Program, ABC urges members to contact their U.S. lawmakers in support of a clean funding bill to extend an additional $251 billion to PPP. The Senate is scheduled to be in a pro forma session tomorrow, so please click here to take action and urge Congress to support additional small businesses relief.

 

Update on PPP:

 

New reports are indicating that the SBA’s $349 billion PPP could run out of funds later today with no signs of progress being made on an interim proposal to provide additional funds for small businesses to continue to have access to these job saving loans. The Senate and the House, outside of an emergency need, are not scheduled to be back in DC until May 4th.

 

In many instances, ABC members have been successful when seeking PPP loans. In fact, according to an SBA report on the Paycheck Protection Program, the construction industry accounts for the highest percentage of approved loans and approved dollars relative to the other NAICS codes listed. Through April 13, 2020, the SBA has guaranteed 1,035,086 loans worth over $247 billion under the PPP, with nearly 115,000 loans worth close to $34 billion coming from the construction industry alone.

 

The construction industry’s participation in the PPP program can be attributed to several factors, including the relatively high percentage of construction firms that are designated as eligible for PPP loans. The PPP’s exclusive focus on small businesses who employ less than 500 employees provides a potential source of aid to the 99.8% of construction firms who meet that criteria, according to the SBA.

 

ABC believes that additional PPP funding is needed immediately to effectively keep small businesses intact and employees on payroll. ABC also urges Congress to consider several suggested improvements to the PPP in any subsequent COVID-19-related legislative packages, as its inclusion will ensure that more Americans remain employed during the national health crisis and small businesses have the resources to lead the economic comeback once the crisis is over. 

 

Recorded Webinars:

 

ABC Government Affairs yesterday held a webinar for Chapter Presidents and Government Affairs that you can view here: Government Affairs COVID-19 Update (PDF) and Recording. 

 

The archived webinar recording for COVID-19 and OSHA Compliance is also now available on ABC’s Academy for Construction Ethics, Compliance and Best Practices site, which is restricted to ABC Members in management positions and Chapter Staff.

 

State and Local Updates:

 

In Idaho, Governor Brad Little has extended the state’s “Stay at Home” order through the end of April. The order was originally set to expire on April 15. Contractors in Idaho or contractors from neighboring states performing work in Idaho may consult this list of “Essential Services” outlining the types of construction that may continue in the state, which broadly includes public works construction, commercial construction and housing construction.

 

ABC continues to update this resource tracking state and local COVID-19 policies impacting the construction industry. If a new or amended state or local policy is issued in your chapter territory, please alert Brandon, Nick and/or Ben on our State Affairs team at [email protected].