Hotels Applaud NY Rep. Velazquez on Fighting for COVID Economic Relief

New York Rep. Nydia Velazquez is being praised for pushing hard for more COVID-19 relief.
-A +A
0

Photos: YouTube

New York Rep. Nydia Velazquez is being praised for pushing hard for more COVID-19 relief.

The following is a statement from Chip Rogers, president and CEO of the American Hotel & Lodging Association, on the coronavirus relief package.

“On behalf of the hotel industry, we applaud Representative Nydia Velazquez (D-NY) for her leadership in fighting for our employees and small business operators to obtain this vital economic relief approved before the holiday break. Through her successful efforts, this legislation will now help thousands of our small business and franchise hotel operators keep their doors open and employees retained over the next few months.

“The legislation contains many of the provisions AHLA has advocated for, including a second round of Paycheck Protection Program loans, increasing the size of PPP loans to 3.5 times payroll, and making PPP loan expenses tax-deductible. This will provide a critical lifeline for hotels and other businesses that have been decimated by the pandemic.

"Other hotel industry priorities include a one-year extension for Troubled Debt Restructuring (TDR) relief so that banks can continue working with borrowers to gain additional forbearance and debt relief, business meal deductibility through 2022, and expanded Employee Retention Tax Credit.

“We look forward to working with Congress and the new Administration on a longer-term stimulus package that will ensure our industry survives and is well positioned to help the country recover economically once the public health threat subsides.”

Also Check Out...

West Indies cricket great Michael Holding said his book "Why We Kneel, How We Rise" was hard to write
Cricket Great Holding Urges Honest
25 Black-owned businesses that you can support this year
Black Friday\Cyber Monday: Support
Black Star News, 150 political science professors and scholars, circumvent the filibuster and pass voting rights legislation, Re
Scholars To Congress: Circumvent
The Rev. Alvin Herring, executive director of Faith in Action,
Black Pastor: Arbery “Verdicts Are
Haile Gebrselassie and Ethiopian Army
Haile Gebrselassie Is Joining
dire humanitarian situation in Tigray, Ethiopia,
Ethiopia: Humanitarian Aid Needed