The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, called on the Small Business Administration (SBA) to revise its eligibility guidelines for its new Paycheck Protection Program to make clear that any firm that employs 500 or fewer people to qualify, regardless of the average annual receipts size standard used for construction.
“Congress and the administration were clear when enacting the coronavirus relief measure that any firm employing 500 or fewer people should be eligible for the Paycheck Protection Program loans. The purpose of these loans is to keep businesses open so they can continue to operate and employ millions of Americans. Unfortunately, the Small Business Administration is needlessly delaying the loan applications of thousands of construction firms that clearly would meet the statutory threshold of 500 employers or less because the agency appears to have added a secondary qualification that is not part of the statute.
“This error appears to severely undermine the purpose of the new loan program by endangering the survival of many construction firms – the vast majority of which are family-owned businesses – that Congress intended to qualify for the program. As a result, tens of thousands of construction professionals will be forced to suffer new economic hardships because agency officials are misstating the law and subsequent eligibility guidance from the U.S. Department of the Treasury.
“We urge the President and the Administrator of the Small Business Administration to immediately clarify the eligibility standard for the program so that all construction firms that employ fewer than 500 people are able to take advantage of this measure.
Related Stories
Coronavirus | Jul 1, 2020
Are hospitals prepared for the next pandemic?
Caught off guard by COVID-19, healthcare systems take stock of the capacity and preparedness.
Coronavirus | Jun 30, 2020
The great reset and our new work life
As many countries begin to return to the office, it’s a chance to ask ourselves: what do we truly value?
Coronavirus | Jun 26, 2020
Infection control in buildings in the age of the coronavirus
Controlling future infection spreads could become job one for most buildings and spaces.
Coronavirus | Jun 26, 2020
ICYMI The Weekly show: The hotel sector's 'competition for cleanliness' and workplace design amid COVID-19
This week on The Weekly (June 25 episode), BD+C editors spoke with leaders from Skidmore, Owings & Merrill, Henderson Engineers, and Shawmut Design & Construction on three timely topics.
Coronavirus | Jun 23, 2020
A look back at design standard shifts: ADA vs. COVID-19
The short story is official design guidelines are slow to be developed and made into law.
Coronavirus | Jun 23, 2020
WATG designs solution for isolating without sacrificing social connectivity
The design was inspired by oriel bay windows.
Coronavirus | Jun 22, 2020
Boldt creates an innovation task force to speed up safe opening of jobsites, 14 offices
Boldt creates an innovation task force to speed up safe opening of jobsites, 14 offices
Coronavirus | Jun 19, 2020
Experts address COVID-19's impact on nursing homes and schools on The Weekly
The June 18 episode of BD+C's "The Weekly" is available for viewing on demand.
Coronavirus | Jun 18, 2020
Brown University tops off first housing building in three decades
The facility, scheduled for completion next April, will combine a residence hall with student health services.
Coronavirus | Jun 17, 2020
HOK and Germfree partner to design mobile COVID-19 testing lab
Access to quick, reliable, and repeated testing has been one of the greatest challenges for businesses, institutions and individuals during the COVID-19 crisis.