The Asian American Hotel Owners Association (AAHOA) has lauded the inclusion of significant technical corrections to the Paycheck Protection Program in the latest stimulus package proposal, which was introduced by the House of Representatives earlier this week.
“America’s hotel owners are grateful that our leaders in Washington are listening to small business owners and taking the steps necessary to help them save their businesses and the millions of jobs they create,” says AAHOA president and CEO Cecil P. Staton. “The changes to the PPP introduced in the House as part of the HEROES Act are critical to ensuring small business owners can effectively employ funds to make payroll and cover necessary operating costs.”
Staton continues: “The proposed corrections to PPP will help provide small business owners with much needed liquidity, something that we’ve been asking for since the start of this crisis. We hope, as the legislation is debated in Congress, that our leaders will continue to prioritize small businesses and their employees—especially in industries hardest hit by the economic crisis. We are also encouraged to see leadership incorporate language from legislation by Reps. Brian Fitzpatrick and Chris Pappas to allow destination marketing organizations participate in these programs. Travel will play an integral part in rebuilding our economy as the nation reopens. Americans love to travel, and, after spending the better part of the spring in their homes, people are ready to hit the road again. When they do, America’s hotel owners and their employees will be there to welcome them.”
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