NFIB California Main Street Minute

Date: November 23, 2020

For the legislative and political weeks Nov. 23-Dec. 4

Welcome to the November 23 edition of the NFIB California Main Street Minute from your small-business advocacy team in Sacramento.

  • Main Street Minutes will be sent to NFIB members twice a month until the Legislature returns for business in January, at which time they will resume weekly. The NFIB California webpage, however, will be kept up to date with the latest news important to small-business owners.
  • On Friday, November 20, Gov. Gavin Newsom announced the opening of a California Rebuilding Fund for small businesses with a $25 million “anchor commitment” and another $50 million from the California Infrastructure and Economic Development Bank (IBank). You can read the governor’s news release here, and more specifics about the loan and how to apply here.
  • Does any of it matter? Will any of it help? To see what small businesses really need right now, read NFIB Vice President Kevin Kuhlman’s letter to Congress in the federal section of this Main Street Minute below.
  • The latest podcast from NFIB California is on the webpage. It discusses two new laws taking effect January 1 and is worth every small-business owner’s attention and sharing with other small-business owners. Prepare for changes in one of the state’s leave laws and new notification requirements if you have an employee who tests positive for COVID.
  • NFIB California had one of its busiest media weeks ever.
    • Fox&Hounds, November 18—NFIB news release announcing its latest podcast on two new laws taking effect January 1 published by the influential political blog. The news release was also published in the Citizens Journal, the online news site for Ventura County.
    • The Business Journal (Fresno), November 17—Borrowing from NFIB’s webpage story, blogger Gordon Webster, Jr. writes about two new laws taking effect January 1 that will hugely impact small-business owners and borrows.
    • The Epoch Times, November 16—The stifling effect regulations are having on California small businesses is the subject of an interview with State Director John Kabateck.
    • Associated Press, November 14—Commenting on the success rate of local ballot measures over those of state initiatives, the AP quotes California State Director John Kabateck for a story published in 70 media outlets throughout California and the nation.

Nationally

  • There will be no webinar this week.
  • NFIB sent a letter to Congress last week requesting it achieve four things before adjourning for the rest of the year:
    • Allowing targeted secondary Paycheck Protection Program (PPP) loans
    • Restoring the deductibility of PPP loan forgiven expenses
    • Streamlining the PPP loan forgiveness process
    • Forgiving PPP loans and Economic Injury Disaster Loan (EIDL) emergency advance grants.

Next Main Street Minute, December 7.

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