Since October 7, 2023, our strongest ally in the Middle East, Israel, has withstood various terrorist attacks from Iran and its proxies, including Hamas, Palestinian Islamic Jihad, Hezbollah, and others. Instead of standing by Jerusalem, the Biden-Harris...
News
Latest News
Rubio: “The Court is Right: Algorithms Should Not Enjoy Section 230 Protections”
TikTok was recently sued after a 10-year-old girl died from taking part in a viral challenge that dared users on the app to choke themselves until they passed out. Courts have historically protected social media companies over user-generated content due to...
Rubio, Moolenaar Demand Communist China-linked Battery Company Be Blacklisted
Contemporary Amperex Technology Limited (CATL) is an electric vehicle battery company with deep ties to the Chinese Communist Party and its armed wing, the People’s Liberation Army (PLA). Reliance on, and use of, CATL batteries threatens U.S. national security as it...
Rubio: Communist China Making a Mockery of Biden-Harris Administration
Despite the serious threats the Chinese Communist Party poses to the United States and our allies, National Security Advisor Jake Sullivan is in the midst of a three day visit with Chinese Foreign Minister Wang Yi in another embarrassing attempt to “lower tensions”...
Rubio Calls on John Deere to Prioritize American Workers
John Deere, the world’s largest tractor manufacturer, is a staple of American business and a crucial supplier for the hard working Americans who grow our food. Recently, after receiving public backlash, John Deere ended several ridiculous Diversity, Equity, and...
Rubio Y Colegas: Esto No Se Trata de Ideología Política, Se Trata de Defender la Voluntad del Pueblo Venezolano
Hace casi un mes, el pueblo venezolano votó por Edmundo González Urrutia como su presidente electo. Ayer, el Tribunal Supremo de Justicia del narco-régimen de Maduro optó por legitimar el fraude electoral de la dictadura. Los senadores estadounidenses Marco Rubio...
ICYMI: Rubio and Carranza: Paycheck Protection Program helping stabilize Florida’s small businesses
Paycheck Protection Program helping stabilize Florida’s small businesses
By U.S. Senator Marco Rubio (R-FL) and Administrator Jovita Carranza
July 22, 2020
Orlando Sentinel
Amid a massively disruptive public health and economic crisis caused by the coronavirus pandemic, the Paycheck Protection Program (PPP) has emerged as one of the most consequential federal disaster responses in memory.
Just three months after its launch, the forgivable loan program stabilized millions of small business enterprises impacted by the pandemic and kept tens of millions of American workers connected to their work.
In Florida alone, nearly 400,000 small businesses and nonprofits have received a PPP loan, injecting more than $32 billion into the state’s small business sector.
Among the PPP’s most notable successes has been its outsized impact on underserved communities — especially for socially and economically disadvantaged small businesses in Florida and across the rest of the country.
…
JIRACOR, an Orlando-based, minority-owned defense contractor, also weathered the coronavirus storm thanks to the PPP. Owner Jeannette Coronado said her forgivable loan covered payroll for her 16 employees, enabling her to keep her workforce intact despite a loss of revenue.
Ensuring that minority-owned and underserved small businesses had access to capital was a priority while creating the PPP. Ultimately, the Trump Administration expanded the number of authorized mission lenders to include more than 300 Community Development Financial Institutions and 170 Minority Depository Institutions, among many other small lending institutions — most of which are dedicated to serving entrepreneurs in underserved communities and new business owners.
As a result, more than 1.3 million PPP loans were made by financial institutions working to connect rural and minority-owned businesses with capital.
…
In general, the PPP succeeded in stabilizing our economy and beginning its recovery phase. For the second month in a row, the jobs report beat forecasts by a wide margin, showing 4.8 million new jobs, versus expectations of 3.2 million. In just two months of recovery, 34% of jobs lost due to the pandemic have been regained.
Fortunately, there is still PPP funding available for small businesses and nonprofits, and the SBA stands ready to help eligible businesses find a lender. Even as these economic efforts continue, there remain significant challenges facing the small business sector, and both the Trump Administration and Congress are working earnestly to develop additional measures to help small businesses fully recover from the pandemic’s unprecedented disruption.
…
Without a doubt, the PPP has made an historic impact in helping to lift up small businesses in Florida communities and push our nation towards economic recovery.
Read more.