Small businesses must be a top priority | Editorials
As restaurants, bars, gyms, entertainment venues and other small employers look forward to higher capacity limits and fewer restrictions from April 4, there is a sense of optimism that the worst of this COVID nightmare -19 of a year could finally be behind us. However, reality tells us that these and other small businesses will take years – not just weeks or months – to fully recover from the extraordinary struggles of the past year.
Many of these companies have had to take out loans just to cover their payroll and keep the lights on. Many more have had to sell goods and equipment, while still others have been forced to delay critical expansions and upgrades. The perfect storm of supply chain disruptions, mandatory business shutdowns, increased costs for PPE and cleaning supplies, tight capacity limits and reduced income has dealt a fatal blow to many of the most pressing employers. forcing them to close their doors for good, while others hang on for life. .
As we look forward to what the future holds in a post-COVID world, we need to be aware of how much our small employers have suffered, and the time and effort they will need to get back into good financial health. This is why we have introduced a set of bills aimed at putting small businesses in the PA first and ensuring that the employers who are the lifeblood of our economy can not only survive, but thrive in the years. future.
Our Prioritize PA Small Business package takes a three-pronged approach to solving the daunting challenges employers face: direct financial assistance, tax reform, and regulatory relief. We are not only giving them the tools to deal with the immediate pressure created by the pandemic, but we are also creating a roadmap for these employers to come back stronger than ever in the years to come.
Create new loan and tax credit programs to support employers affected by government restrictions during the pandemic.
Amend state tax laws to help affected businesses and level the playing field between small and large employers, while ensuring parity with federal law.
Cut red tape and eliminate many of the regulatory burdens on small employers, while ensuring better oversight of new regulations that can put financial strain on small businesses.
If we are to emerge from this crisis stronger than ever, we must make a concerted effort to create an environment conducive to business growth and jobs. This means taking bold steps like the Prioritize PA Small Business Package Bills to ensure that these vital parts of our community remain open to business for generations to come.