A panel of the U.S. Sixth Circuit Court of Appeals has ruled that the 21-day exclusive priority for businesses owned by a “woman, veteran and/or socially or economically disadvantaged individual” to apply for and access funds from the Restaurant Revitalization Fund (RRF) is unconstitutional. The Small Business Administration (SBA) officially opened the $29 billion RRF…
The SBA Administrator Isabel Guzman has announced that the agency will expand eligibility for its $25 billion cash grant program to a host of additional businesses. SBA’s Targeted Economic Injury Disaster Loan Advance grant program, which provides up to $10,000 to eligible businesses as well as its Supplemental Targeted Advance program ($5,000 follow-up grants) will…
This week, the U.S. Senate failed to advance the Paycheck Fairness Act by a vote of 49 – 50. The legislation, which required 60 votes to clear the upper chamber, did not come close to reaching that threshold, without any Senate Republicans voting in favor. A declared priority of Senate Majority Leader Chuck Shumer (D-NY),…