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Brea Chamber Joins More Than 100 Business Organizations to Launch America's Recovery Fund Coalition

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May 06, 2020
NEWS RELEASE
Brea Chamber Joins More Than 100 Business Organizations to Launch America's Recovery Fund Coalition
Group Comprised of 30 Business Sectors, Employing 58 Million American Workers, Will Advocate
for Federal Direct Assistance Fund to Power an American Recovery
 
May 6, 2020 – Brea Chamber today announced it has joined America’s Recovery Fund Coalition, an alliance of more than 100 trade associations and business organizations, including the Save Small Business Coalition (SSBC), advocating for a grant-based federal assistance program to power the resilience of American enterprise. Together, the Coalition’s members span 30 business sectors and employ 45 percent of the nation’s workforce – more than 58 million workers.
 
“In recent weeks, millions of small businesses across the country including those here in Brea, CA have been forced to close their doors in the wake of the COVID-19 pandemic. The sudden loss in revenue has been devastating – putting paychecks, employees, and hard-working families at risk. We need an urgent solution that will keep our businesses afloat and protect our communities in the long term,” said Heidi Gallegos, CEO of the Brea Chamber of Commerce.
 
In a letter sent to President Trump, congressional leaders, and the Secretary of the Treasury, the Coalition noted:
 
“Today we are announcing the creation of America’s Recovery Fund Coalition, a group of over 100 organizations advocating for a grant-based federal assistance program to power the resilience of American enterprise. America’s Recovery Fund Coalition includes members representing more than 30 business sectors that together employ 58 million Americans and comprising more than 45 percent of the private workforce.”
 

The Coalition went on to state:
 
“Existing programs like the Paycheck Protection Program were a well-intentioned effort to help defray the impact of the COVID-19 economic crisis, but we must build upon the current options and address the overwhelming need for additional capital support to businesses. A broad-based, efficient recovery fund that does not pick winners and losers is the best path forward. Without such a fund, our retailers, theatres, restaurants, and many other industries will be decimated – and our communities will be poorer both economically and culturally as a result.
 
America’s Recovery Fund Coalition believes Congress must urgently create a federal direct assistance fund to provide rapid liquidity to businesses impaired by the COVID-19 national emergency. We believe the fund should be designed to help businesses maintain ongoing capital obligations during the prolonged crisis and the next months of economic healing, enabling employees to continue receiving pay, maintain benefits, and helping employers rehire former employees while workplaces get back on their feet and safely reopen to the public.”
 
To learn more about America’s Recovery Fund Coalition visit www.AmericasRecoveryFund.org.
 
About the Brea Chamber of Commerce:
The Brea Chamber of Commerce exists to be:
The Catalyst for business growth:
•          We ensure common sense decisions are made for growth and expansion in Brea.
The Convener of leaders and influencers to get things done:
•          We bring in local business and policymakers to discuss issues in order to make better decisions for all of Brea.
The Champion for a thriving community:
•          We ensure our residents and businesses are educated and well-informed for a sustainable Brea.
For more information, please call the Chamber office at (714) 529-3660 or visit www.BreaChamber.com

 
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Contact:
Crystal Sayphraraj, Adminstrative / Communications
(714) 529-3660

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