Administration Updates / COVID-19 Stimulus / Economic Developments / Employment / Government Watch / Politics

Trump Administration Update July 1st

trumpUSMCA Goes into Effect Today

  • Thanks to President Trump’s bold leadership, the United States-Mexico-Canada Agreement is going into effect today.
  • This agreement will mean stronger economic growth, more jobs for American workers, and fairer trade for our country.
  • President Trump has delivered for American manufacturers, farmers, businesses, and workers – truly putting America first.
    • The agreement will drive job creation and includes the strongest, most advanced, and most comprehensive set of labor provisions of any U.S. trade agreement.
    • American farmers will have access to fairer markets in Canada and Mexico – opening up more opportunities to export their goods.
    • USMCA will strengthen American manufacturing – including incentivizing investment in high paying auto manufacturing jobs here in the U.S.

Promises Made, Promises Kept

  • Just as promised, President Trump is replacing the disaster of NAFTA, which drove American jobs overseas for years.
  • USMCA is a fair deal for American workers and finally brings our trade relationship with Canada and Mexico into the 21st century.
  • USMCA incorporates the highest standards on intellectual property rights, digital trade, environmental provisions, and more.

 

Economic Injury Disaster Loans & Advance Program Update

SBA’s Economic Injury Disaster Loans and Advance Program has reopened its portal to all eligible small businesses and non-profits impacted by COVID-19 pandemic. The reopened portal can be found here.

  • Deadline for Support: Small businesses must apply by December 31, 2020.
  • Loan Program: The Loan Program offers long-term, low interest assistance for a small business or non-profit. State-by-State data can be found here.
  • Advance Program: The Advance Program will provide up to $10,000 ($1,000 per employee) of emergency economic relief to businesses that are currently experiencing temporary difficulties, and these emergency grants do not have to be repaid. State-by-State data can be found here.

American Workforce Policy Advisory Board – Call to Action

The American Workforce Policy Advisory Board has released a call-to-action to help the millions of workers who need assistance now, and build the resilient and agile workforce of the future powered by skilled American workers. Specific actions:

  • Expedite American workers’ return to employment and upward mobility by investing in career pathways and implementing skills-based hiring practices.
  • Remove obstacles to the modernization of American education and training to accelerate reskilling and facilitate innovation in workforce development.
  • Build the technological infrastructure necessary for the future of work.

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