Association of Equipment Manufacturers (AEM) President Dennis Slater issued the following statement regarding ongoing efforts by the U.S Congress to deliver additional aid to small businesses, including more funding for the Small Business Administration’s (SBA) Paycheck Protection Program (PPP):
“This week’s bipartisan votes by the U.S. House and the U.S. Senate to provide additional relief for small businesses are certainly encouraging, but Congress must continue to find ways to support working families and businesses of all sizes in the weeks and months to come,” said Slater. “While the Paycheck Protection Program is helpful for many small equipment manufacturers, there is a lot more Congress needs to do to support the 2.8 million men and women of our industry. Too many equipment manufacturers are still struggling to stay open and on the job. With the PPP replenished, Congress must now turn their attention to a large number of manufacturers who do not qualify for this program but still desperately need support. We encourage Congress to continue to work in a bipartisan fashion to provide equipment manufacturers with the support and resources they need to stay in business and be part of the recovery effort we need to turn the economy around.”
AEM sent a letter on April 20 urging U.S. Senate and House leadership to reach a bipartisan deal ahead of the expected vote. AEM also activated its 40,000 I Make America grassroots supporters this week to ask Congress to take immediate, bipartisan action to boost funding for the PPP. AEM has worked to provide its members with resources and information about COVID-19 related relief available to them. This includes monetary relief provided by the CARES Act, which included funding for the Paycheck Protection Program.