Rep. Hill announces plans to support small businesses across Arkansas
On Thursday, Rep. French Hill, who represents the second district, held a press conference to announce plans to introduce the PPP Revenue Adjustment Calculation to Increase Capital Accessibility Long-term, or the PRACTICAL Act, next week.
PPP stands for Payroll Protection Program.
The press conference was held at Taziki’s in Little Rock, and included remarks by Hill, Jim Keet, chairman of JTJ Restaurants LLC. and Montine Mcnulty, CEO of the Arkansas Hospitality Association. Additionally, Gretchen Hall, CEO of Little Rock Convention Center, also attended expressing her support.
“The PPP has been a necessary tool for struggling small businesses as they’ve weathered the unprecedented COVID-19 pandemic. In fact, more than 14,000 businesses in Arkansas have received $4.6 billion and through the program have helped save more than 375,000 jobs,” said Hill. “I’d like to thank Jim Keet for bringing this idea to me, and I’m looking forward to introducing this bill next week so that our small businesses will continue to get the help they deserve. Small businesses are the lifeblood of Arkansas and I am honored to be able to advocate for them in Washington, D.C.”
“We appreciate Congressman Hill’s efforts to amend the PPP law. This amendment will help countless businesses qualify for assistance that they desperately need while still being consistent with the original intent of the law,” said Keet.
“Congressman Hill has been
invaluable to our industry during this pandemic. His duel working knowledge of banking and business have been critically important to really good communication. The congressman’s accessibility and his ability to really listen is providing another practical solution to improve PPP and make it more valuable to all businesses that are hurting,” said Montine Mcnulty.