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New Coalition Calls for Prioritization of Underserved and Rural Small Businesses in Coronavirus Response

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The U.S. Black Chambers (USBC) is a founding member of a new coalition created to advocate for prioritized CARES Act funding for underserved small business owners.

The Page 30 Coalition is named in recognition of Page 30 of the CARES Act, which reads:

It is the sense of the Senate that the Administrator should issue guidance to lenders and agents to ensure that the processing and disbursement of covered loans prioritizes small business concerns and entities in underserved and rural markets, including veterans and members of the military community, small business concerns owned and controlled by socially and economically disadvantaged individuals, women and businesses in operations for less than 2 years.

To ensure this prioritization is realized, the Page 30 Coalition has formed a powerful alliance with national industry-leading-organizations to aggressively advocate for equitable policy solutions that bolsters growth for underserved business owners.

The Page 30 Coalition aims to push a legislative and regulatory agenda by working with partners around the country to ensure the critical constituencies recognized on Page 30 of the CARES Act receive the prioritization Congress intended.

Source: The Charleston Chronicle

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