BusinessDeputy Treasury Secretary Adeyemo and Congressman Horsford Maintain Listening...

Deputy Treasury Secretary Adeyemo and Congressman Horsford Maintain Listening Session with Enterprise Leaders from Nevada’s Fourth District

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NORTH LAS VEGAS, NEV. — As we speak, Congressman Steven Horsford (D-NV-04) and Deputy Treasury Secretary Wally Adeyemo held a roundtable with small enterprise homeowners and enterprise leaders in Nevada’s Fourth District to debate the impression of the American Rescue Plan’s help for small companies and the advantages of the Construct Again Higher Act for entrepreneurs.

“Small companies are the spine of Nevada’s financial system, and our restoration from the pandemic is determined by their energy. Throughout immediately’s listening session, I used to be glad to listen to candid suggestions from native enterprise homeowners and trade leaders in regards to the help they should rebuild from the profound challenges of the pandemic,” stated Congressman Steven Horsford. “Almost 9 months in the past, we fought to cross the American Rescue Plan with $50 billion in funding to assist small companies maintain their doorways open and maintain workers on payroll. As we speak, as we work to cross the Construct Again Higher Act with $5 billion in further help, I’m glad that our enterprise group is making their voices heard.”

“I appreciated listening to how small enterprise homeowners and trade leaders in Las Vegas are using sources and funding offered via the American Rescue Plan to maintain their doorways open as our financial system recovers from the pandemic,” stated Deputy Treasury Secretary Wally Adeyemo. “Small companies in Las Vegas had been hit onerous throughout this disaster, and minority-owned small companies had been hit particularly onerous. That’s the reason Treasury is working to make sure that important reduction funding is reaching the small companies that want it and offering capital for investments to small companies and entrepreneurs via the $10 billion State Small Enterprise Credit score Initiative program. This, together with the provisions included within the Bipartisan Infrastructure Invoice and the Construct Again Higher Act, will generate robust investments in our communities.”

“As Nevada recovers from the pandemic, federal help for small companies has performed a key position in shifting our financial system ahead,” stated Sonny Vinuya, President of the Las Vegas Asian Chamber of Commerce. “Nevada’s small companies are extremely resilient, and extra federal help will assist us rebuild stronger than earlier than. Thanks Congressman Horsford and Deputy Secretary Adeyemo for taking the time to take heed to Nevada’s entrepreneurs and enterprise leaders.”

Background:

In March 2021, Congressman Horsford voted to cross the American Rescue Plan, which invested $50 billion to help small companies that had been struggling to maintain their doorways open on account of the COVID-19 pandemic.

Earlier this month, Congressman Horsford voted to cross the Construct Again Higher Act, which builds on American Rescue Plan funding with $5 billion for small corporations, together with help for direct loans and enterprise capital funding, in addition to help for cooperatives and worker-owned companies. The invoice additionally dedicates important funding to help entrepreneurs in underrepresented and underserved communities. To be taught extra in regards to the Construct Again Higher Act’s help for small companies, click on right here.

Media Contact
Geneva Kropper | geneva.kropper@mail.home.gov | 202-849-0251

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