Press ReleaseApril 23, 2020

Job Creators Network Praises House Passage of PPP Extension

PPP Will Get $311 Billion in New Funding

Washington, DC – (April 23, 2020) — Today, the House passed a $484 billion pandemic relief package, which includes $311 billion in new funding for the Payroll Protection Program (PPP).

Alfredo Ortiz, President and CEO of the Job Creators Networkreleased the following statement:

“Job Creators Network is grateful to House Members for approving a $311 billion renewal of the Payroll Protection Program and sending it to the President’s desk. With 31,000 people losing their jobs every hour of every day over the past five weeks, PPP loans are the single most effective way to minimize additional job losses and keep our economy running. If we’re able to combine this additional relief with a gradual, state-by-state reopening of our society – consistent with public safety – we can turn the corner soon and begin our long-awaited road to recovery. The American people have made tremendous sacrifices to beat this invisible enemy. Under President Trump’s leadership, and fueled by the dynamism of our small business community, we will win.”