Posts tagged Small Business Administration

    Let’s Address the Real Challenges for Independent Contractors and Gig Workers

    February 5, 2024 // Self-employment fell by 10.5 percent on average for non-exempt occupations, while overall employment fell by 4.4 percent on average for non-exempt occupations Occupations with a greater prevalence of self-employed workers saw greater reductions in both self-employment and overall employment In other words, on average, 1 in 10 self-employed individuals may have lost self-employment opportunities in California among occupations not exempt from AB5, while there is no evidence of an accompanying increase in traditional employment opportunities among workers in non-exempt occupations.

    SBA OFFICIALS PLEAD IGNORANCE OF UNION RELATED COVID RELIEF FRAUD

    October 19, 2022 // SBA’s Office of the Inspector General (OIG) released a report on Sept. 26, the stated objective of which was to “determine whether PPP loans to nonprofit organizations were made in accordance with eligibility requirements.” Since unions were categorically excluded from the program as 501(c)(5) nonprofits, and since the Freedom Foundation filed a formal complaint with the SBA OIG back in February based on its findings, the report would have been an excellent opportunity to address the issue. Unfortunately, the OIG report only analyzed more traditional 501(c)(3) nonprofits that may have been too large to qualify for PPP funds, leaving unions out of the analysis

    Op-ed: Small Business Administration should fight for entrepreneurs, not unions

    June 24, 2022 // Nonetheless, a recent Freedom Foundation analysis of SBA’s PPP loan database identified 223 loans totaling $36.1 million made to labor unions and related organizations between March 2020 and March 2021 that, as mostly 501(c)(5) nonprofit groups, were not eligible to participate in the program. The recipient list included a dozen teachers unions and advocacy groups, such as the Michigan Education Association and the Memphis-Shelby County Education Association, ironically among the fiercest champions of lockdown policies, the effects of which PPP funds were intended to alleviate. Alabama State Employees Association, Maryland Public Employees Council, Alaska AFL-CIO, Pennsylvania AFL-CIO, Isabel Guzman, Small Business Committee,

    How did $1.2M in PPP loans get to Pennsylvania unions? Congressional Republicans want to know

    April 18, 2022 // The PPP loans were made quickly by the Small Business Administration in the early days of the pandemic to avoid mass layoffs. Yet the speed in which $800 billion of taxpayer money was doled out left the program liable to waste, fraud, and abuse. An NBC News investigation estimated the cost of fraud at $80 billion, or 10% of the overall fund. That’s in addition to a $900 billion COVID-19 relief fund that may have been defrauded of $90 billion-$400 billion.

    Labor Unions Took $37 Million Of Ineligible COVID Relief From Government

    February 3, 2022 // Hundreds of labor unions that were ineligible for the Paycheck Protection Program (PPP), a $953 billion business loan program through the federal government launched in March 2020, raked in $36.7 million in forgivable loans, according to a new report.

    Labor Unions Collected $37 Million in COVID Relief They Were Ineligible To Receive

    February 2, 2022 // The Paycheck Protection Program launched in March 2020 to provide relief to small businesses and charities amid the COVID-19 pandemic. But 226 labor unions that were ineligible for the program received $36.7 million in forgivable loans, according to a report provided exclusively to the Washington Free Beacon.