On April 1, 2020, Growth Energy joined 30 of our agricultural partners in sending a letter to U.S. Small Business Administration (SBA) Administrator Jovita Carranza requesting the SBA clarify its guidance to include agricultural businesses as eligible to participate in the Economic Injury Disaster Loan program as modified in the CARES Act.
In the letter, the group writes that, “Agricultural producers and businesses are critical elements of this nation’s economy and food system. Prior to COVID-19, farmers and ranchers had already experienced a drastic 24-percent decline in net farm income from highs experienced just six years ago. With the further downturn in the economy, agricultural businesses are at risk of closure and may be required to lay off employees…
“Since the term “eligible entity” under the CARES Act includes “a business with not more 500 employees” and since Congress did not explicitly exclude agricultural businesses from this definition, agricultural businesses can qualify for EIDL loans during 2020 to respond to the economic downturn caused by COVID-19 notwithstanding the traditional exclusion of agricultural businesses from the EIDL program.
“Many agricultural producers need access to this critical source of financing to help preserve their businesses and avoid further disruptions to our economy and food systems.
“We believe that the clear statutory language of the CARES Act indicates that agricultural businesses can participate in the emergency EIDL program as was the intent of Congress. Accordingly, we ask that the SBA immediately modify the website listed above and quickly issue guidance clarifying that agricultural enterprises can participate in the EIDL program in the context of the on-going COVID-19 disaster.”
WASHINGTON, D.C. – Growth Energy CEO Emily Skor thanked members of the Congressional Biofuels Caucus for their efforts to deliver long-overdue relief to the biofuel sector in the next round of COVID-19 relief legislation. Led by Reps. Collin Peterson (D-Minn.), Rodney Davis (R-Ill.), Dave Loebsack (D-Iowa), and Roger Marshall (R-Kan.), 31 members of the caucus […]
WASHINGTON, D.C. – This week, Growth Energy submitted comments to the California Air Resources Board (CARB) following a July 15th workshop on Fuels and Infrastructure for a Carbon Neutral Economy. In his written submission, Growth Energy Senior Vice President of Regulatory Affairs Chris Bliley urged CARB to expand the use of higher biofuel blends to […]
Congressional #Biofuels Caucus urging negotiators of next #COVID19 relief package to include direct aid for #ethanol and #biodiesel https://t.co/ar8sEq5Zi2 #agnews @collinpeterson @EthanolRFA @GrowthEnergy @NationalCorn @brownfield
As negotiations over the next relief bill continue, the biofuel industry is reeling after staggering losses over the last several months. Whatever aid is passed must include support for biofuels, and our champions in Congress delivered that message to leadership today. https://t.co/yABlENMgUD
Members of both parties — Republican and Democratic — support the biofuel industry, simply because it's the right thing for their constituents. Rep. @RodneyDavis has long been a part of the bipartisan negotiations that support our industry, and we're grateful for him. https://t.co/eHeH6SNdI0