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WIPP Signs On to National Business Inclusion Consortium (NBIC) Letter to Congressional Leaders

Monday, April 20, 2020   (0 Comments)
Posted by: Laura Berry
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RE: Additional Small Business Funding and 501(c)6 Inclusion in Next Round of COVID-19 Relief

 

 
 
Dear Speaker Pelosi and Leaders McConnell, McCarthy and Schumer:

 

We, the undersigned national organizations and our collective state and local affiliates are the top advocates for America’s diverse entrepreneurs and workforce. Many of the organizations represented herein are members of the National Business Inclusion Consortium (NBIC). Collectively, the NBIC organizations represent over $9 trillion in economic impact, as well as tens of thousands of tax-paying, industry-innovating jobs. Collectively, our organizations encourage parity in cross-segment diversity and inclusion initiatives, work to identify areas of collaboration among diverse businesses, and advocates for the advancement of policies that support the growth of diverse-owned companies in both the public and private sectors: including support for our businesses in times of crisis.
 
We are grateful for recent relief measures taken to protect our communities’ small businesses and nonprofits impacted by the coronavirus (COVID-19) epidemic. However, many small and diverse owned businesses, already facing challenges due to marginalization and historic under investment, were not able to take advantage of the first round. We strongly urge you to make more money available and to prioritize America’s diverse economy.
 
Our organizations and our affiliate chamber partners also urge you to include 501(c)6 business organizations in any upcoming federal aid packages or supplemental appropriations measures, as many have been and will be harmed economically by COVID-19, just as our 501(c)3 peers continue to be. Our specific organizations are primarily 501(c)(6) organizations that employ thousands of team members across the country and provide work for countless contractors throughout the year.
 
While advocacy for small business is but one facet of our operation, organizations like ours are essential partners to both government and businesses of all sizes. We are the trusted community partners of the small business owners and nonprofits who need this relief most, and who trust our ability to offer them invaluable resources to stay afloat and keep their teams employed. For relief efforts to be successful, we must ensure all community-facing business organizations, including the 501(c)6s represented here who have the most intimate relationships with job creating small businesses, receive the resources they need to succeed as well.
 
Our organizations play a key role in connecting small diverse owned companies to contract and RFP opportunities that are the lifeblood of any small business and its ability to be successful.
 
Our organizations play a key role in educating small businesses on everything from financial literacy to writing a capabilities statement to leadership development and building an inclusive team.
 
Our organizations are called upon by the collective membership to help decipher economic development programs, including those developed specifically for COVID-19. Simply put, we are the key resource in helping businesses thrive, become a bigger part of the tax base and employ more people.
 
We would not object to stipulations that relief funds received by a 501(c)6 organization, may not be used for any lobbying expenses, employee size or industry representation as stipulated in the current amendment being discussed. We recognize the importance of accountability and transparency during this crisis.
 
We thank you for your leadership and standby to assist you with information to help you ensure that another round of relief funds is allocated for small businesses and that all tax-exempt entities be included in any temporary aid designed to stem the economic fallout resulting from COVID-19.
 
 
 
Read the full letter.

 

 



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