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Washington, D.C. — U.S. Senator Marco Rubio (R-FL), Chairman of the Senate Committee on Small Business and Entrepreneurship, and a member of the Senate Committee on Appropriations, applauded the inclusion of critical funds for Florida and provisions to help small businesses in the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020. The package includes more than $27.2 million in funding for Florida and provides additional funding for the U.S. Small Business Administration (SBA) to allow eligible entities that have suffered economic injury due to the coronavirus to access SBA’s Economic Injury Disaster Loans.
“I am proud to have worked with House and Senate Appropriators and Leadership on this emergency supplemental package to ensure it includes the resources needed for Florida, as well as other states, to contain and mitigate the risks of the outbreak,” Chairman Rubio said. “The emergency supplemental package also provides funding for the SBA to make loans to businesses affected by the coronavirus, as part of the existing Economic Injury Disaster Loan program.
“The coronavirus outbreak has already magnified deficiencies and vulnerability in our supply chain, of which small businesses play a vital role, and I will work with Administrator Carranza to ensure that SBA is able to effectively help those impacted,” Chairman Rubio continued. “I look forward to Congress’ swift passage of this package and, moving forward, believe we need much bolder policy tools to support affected businesses and to address how we can reduce our dependence on China in critical sectors of our economy.”
Senator Rubio has been at the forefront of disaster relief for small firms. In 2016, Senator Rubio introduced the Small Business Relief from Disease Induced Economic Hardship Act, which would ensure the SBA has the authority to make disaster loans to businesses impacted by health-related travel advisories such as the Zika outbreak. Today, Chairman Rubio continues to advocate for disaster resilience for small businesses as well as counter deficiencies and vulnerabilities in the domestic supply chain caused by disaster disruptions.