Chamber asks Romney, Curtis about pandemic relief resources

Dec 23, 2020, 5:29 PM
Sen Romney SL Chamber PPP...
Sen. Mitt Romney, R-UT, addresses the Salt Lake Chamber via Zoom on Wed., December 23, 2020. Image credit: screen grab,

SALT LAKE CITY — Members of the Salt Lake Chamber got a chance to pose their questions about the $900 billion federal relief bill agreed to by lawmakers this week to two members of Utah’s congressional delegation.

On Wednesday, the Chamber hosted a Zoom conference call which included Sen. Mitt Romney, R-Utah, Congressman John Curtis, R-Utah, and Utah banking executives. The call was described as being part of a presentation to the Chamber’s Roadmap to Recovery Coalition.

“We convened the Roadmap to Recovery Coalition to educate, inform, and advocate for policies that will help Utah businesses working through the pandemic,” said Derek Miller, president and CEO of the Salt Lake Chamber.

“The relief provided in this legislation is needed greatly, and the Chamber has called for many of the provisions contained in the new bill to save Utah businesses and jobs for the people they employ.”  

Chamber priorities for the relief package

One of the aspects of the as-yet-unsigned relief bill considered important to the Salt Lake Chamber is the addition of funds to the Paycheck Protection Program (PPP).  

Lawmakers introduced the PPP in the first round of COVID-19 relief funding provided to Americans and American businesses.

According to a statement sent to KSL NewsRadio, Romney provided this outline of the proposed distribution of new stimulus funds:

  • $284.45 billion for Paycheck Protection Program Second Draw Loans. 
  • $25 million for Minority Business Development Centers under the Minority Business Development Agency (MBDA) to assist minority business enterprises with technical assistance, such as applying for PPP. 
  • $50 million to SBA for PPP auditing and fraud mitigation purposes. 
  • $15 billion for grants for shuttered live venues, theaters, museums, and zoos. 
  • $20 billion for the EIDL Advance program, of which $20 million is for the SBA Inspector General. 
  • $3.5 billion for continuing the Section 7(a) Debt Relief program. 
  • $2 billion to carry out SBA lending enhancements.

Other provisions in the bill

Romney also identified some specific provisions that go along with the added funding. As currently written, the new round of PPP would be available for small businesses with no more than 300 employees; they would need to “demonstrate at least a 25% reduction in gross revenues between comparable quarters in 2019 and 2020.”

The new proposal establishes a maximum loan size in relation to a business’s average monthly payroll cost. It also sets aside money to support business owners for whom this would be their first round of stimulus funding.

“I fought hard as part of a bipartisan group to ensure we provided emergency relief to the many Utahns we love and serve,” said Romney. “We still expect this legislation and our main funding provisions, despite the President’s recent comments, to be enacted and signed into law.”

If approved by President Donald Trump, the program provides $15 billion in grants for live venues forced to close down. These include theaters, museums and zoos which, according to a statement, “have experienced significant revenue losses.”

Salt Lake Chamber representatives say they are setting up a Rapid Response Team in order to help small businesses, especially sole proprietors, to apply for and receive these funds once the money becomes available.

Related stories: 


Today’s Top Stories


In this undated photo released by Toyota Motor Corp., its bZ4X vehicle is shown during an online pr...
YURI KAGEYAMA AP Business Writer

Toyota recalls electric car for faulty wheel that may detach

The "bz" in the recalled model's name, as well as others in the works, stands for a "beyond zero" series, including sport-utility vehicles of all sizes, pickup trucks and sportscars, according to Toyota.
3 days ago
A model wears a creation as part of the Giorgio Armani men's Spring Summer 2023 collection presente...

Gucci unveils ‘HaHaHa’ collaboration with Harry Styles

Gucci has teamed up with Harry Styles for a between-season collection that infuses tailoring with adolescent joy. The collection is titled “HaHaHa.”
7 days ago
A now hiring sign in an Arby's window.; the Utah employment summary for May showed a slight slowing...
Amie Schaeffer

May’s Utah employment report showing signs of inflation impact

The employment rate in Utah remains steady but may be showing signs of inflation's impact, according to the state's May employment summary.
10 days ago
Attic fire in Cowabunga Bay building....
Mark Jones

Cowabunga Bay Water Park set to reopen Thursday after fire last weekend

Following a building fire last weekend, Draper's Cowabunga Bay Water Park is scheduled to reopen to the public on Thursday.
12 days ago
Utah airbnb rentals rising interest rates affecting millennial home buyers...
Dan Bammes

One realtor sees “signs of hope” in Utah housing market

With home listings up and home sales down, one Utah realtor is encouraged about the future of the Utah housing market, leading to what she calls "signs of hope."
13 days ago
Some executives are keeping their employees home in a way to save money and possibly help lower the...
Heather Kelly

Working from home could help bring down gas prices

Some businesses are having employees return to working remotely as a way to have money on gas, and possibly help lower gas prices.
17 days ago

Sponsored Articles

Tax Harassment...
Jordan Wilcox

The best strategies for dealing with IRS tax harassment | You have options!

Learn how to deal with IRS tax harassment. This guide will teach you how to stop IRS phone calls and letters, and how to handle an IRS audit.
spend a day at Bear Lake...
Bear Lake Convention and Visitors Bureau

You’ll love spending the day at Bear Lake | How to spend a day at Bear Lake

Bear Lake is a place that needs to be experienced. Spend a day at Bear Lake.
Curb Appeal...
Price's Guaranteed Doors

How to have the best of both worlds for your house | Home security and curb appeal

Protect your home and improve its curb appeal with the latest security solutions like beautiful garage doors and increased security systems.
Prescription opioids can be disposed of during National Prescription Take Back Day...
Know Your Script

Prescription opioid misuse | How to protect your family from the opioid epidemic

Studies have shown that prescription opioid misuse has increased since COVID-19. So what do you need to know about these opioids?
Follow @ikeyospe...

Tax Tuesday: The Most Common Mistakes People Make When Filing Their Taxes

Fortunately, for most average earners, they will not end up owing overpayments received for the Child Tax Credit in 2021.
Follow @ikeyospe...

Tax Tuesday: How will last year’s child tax credits affect you?

Fortunately, for most average earners, they will not end up owing overpayments received for the Child Tax Credit in 2021.
Chamber asks Romney, Curtis about pandemic relief resources