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Tuesday, 05 May 2020 15:41

ACA Joins More Than 100 Business Organizations to Launch America's Recovery Fund Coalition

The Auto Care Association (ACA) announced it has joined America’s Recovery Fund Coalition, an alliance of more than 100 trade associations and business organizations advocating for a grant-based federal assistance program to power the resilience of American enterprise.

Together, the coalition’s members span 30 business sectors and employ 45% of the nation’s workforce---more than 58 million workers.

 

“The Auto Care Association is leaving no stone unturned in its continued effort to identify opportunities to help our members, American businesses and American workers to get back on their feet and get back to work,” said Bill Hanvey, president and CEO, ACA. “Joining the coalition is another important step we have taken in order to secure more funding and resources that will be vital to keeping businesses within the auto care industry afloat during this unprecedented crisis.”

 

In a letter sent to President Donald Trump, congressional leaders and the Secretary of the Treasury, the coalition noted:

 

“Today we are announcing the creation of America’s Recovery Fund Coalition, a group of over 100 organizations advocating for a grant-based federal assistance program to power the resilience of American enterprise. America’s Recovery Fund Coalition includes members representing more than 30 business sectors that together employ 58 million Americans and comprising more than 45% of the private workforce.”

 

The coalition went on:

 

“Existing programs like the Paycheck Protection Program were a well-intentioned effort to help defray the impact of the COVID-19 economic crisis, but we must build upon the current options and address the overwhelming need for additional capital support to businesses. A broad-based, efficient recovery fund that does not pick winners and losers is the best path forward. Without such a fund, our retailers, theatres, restaurants and many other industries will be decimated---and our communities will be poorer both economically and culturally as a result.

 

“America’s Recovery Fund Coalition believes Congress must urgently create a federal direct assistance fund to provide rapid liquidity to businesses impaired by the COVID-19 national emergency. We believe the fund should be designed to help businesses maintain ongoing capital obligations during the prolonged crisis and the next months of economic healing, enabling employees to continue receiving pay, maintain benefits and helping employers rehire former employees while workplaces get back on their feet and safely reopen to the public.”

 

To read the full letter, click here.

 

To see the full list of America’s Recovery Fund Coalition members, click here.

 

To learn more about America’s Recovery Fund Coalition visit AmericasRecoveryFund.org.

 

For more COVID-19 information and resources, visit autocare.org/coronavirus.

 

Source: ACA

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