Latest news with #Loeffler
Business Upturn
12-07-2025
- Business
- Business Upturn
Administrator Loeffler Joins President Trump to Offer Federal Support in Wake of Texas Disaster
By GlobeNewswire Published on July 12, 2025, 03:55 IST KERR COUNTY, TEXAS, July 11, 2025 (GLOBE NEWSWIRE) — Today, Kelly Loeffler, Administrator of the U.S. Small Business Administration (SBA), joined President Donald J. Trump in Kerr County, Texas to offer federal disaster relief after storms devastated the region. Alongside Department of Homeland Security (DHS) Secretary Kristi Noem, Department of Housing and Urban Development (HUD) Secretary Scott Turner, Department of Agriculture (USDA) Secretary Brooke Rollins, and members of Congress, Loeffler met with local leaders and received updates from state emergency management officials. 'The tragic loss of life in Texas Hill Country is truly heartbreaking – but the strength and the support of this community is clear,' said Administrator Loeffler. 'Our commitment extends far beyond today's visit, and this Administration is mobilizing every available resource to aid in recovery. As President Trump said, the full force of the federal government is behind Texas – including the SBA, where we are already offering disaster loans and on-the-ground support for residents and small businesses. Our prayers remain with the people of Texas, and we will continue to stand shoulder to shoulder with them on the road to recovery.' As the agency announced earlier this week, SBA disaster relief is now available for Texas small businesses, residents, and private nonprofit (PNP) organizations affected by severe storms, straight-line winds, and flooding in seven counties. The disaster declaration covers the primary Texas county of Kerr which is eligible for both physical disaster loans and Economic Injury Disaster Loans (EIDL) from the SBA. Small businesses and most PNP organizations in the following adjacent counties are eligible to apply only for SBA EIDLs: Bandera, Edwards, Gillespie, Kendall, Kimble, and Real. Currently, the SBA has more than 70 staffers on the ground in Texas to assist with disaster recovery. The agency has also opened its first Business Recovery Center (BRC) in Kerr County, where individuals may come to receive hands-on assistance with disaster loan applications: SBA Business Recovery CenterThe YES Center at First Presbyterian Church823 North StreetKerrville, TX 87028Monday-Friday: 9:00 AM – 6:00 PM CT Saturday: 9:00 AM – 1:00 PM CT Texans affected by the flooding are encouraged to visit or call SBA's customer service center at 1-800-659-2955 to learn more about available aid. # # # About the U.S. Small Business Administration The U.S. Small Business Administration helps power the American dream of entrepreneurship. As the leading voice for small businesses within the federal government, the SBA empowers job creators with the resources and support they need to start, grow, and expand their businesses or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Business Upturn
08-07-2025
- Business
- Business Upturn
ICYMI: Administrator Loeffler Joins Lara Trump for Exclusive Interview on One Big Beautiful Bill
WASHINGTON, July 08, 2025 (GLOBE NEWSWIRE) — In case you missed it, Kelly Loeffler, Administrator of the U.S. Small Business Administration (SBA), joined My View with Laura Trump to discuss how President Donald J. Trump's One Big Beautiful Bill will empower America's 34 million small businesses. Signed into law on July 4, 2025, the bill provides historic tax cuts that will unleash a new era of hiring, growth, and prosperity on Main Street. During the exclusive interview, Administrator Loeffler and Lara Trump visited small businesses in Wilmington, North Carolina, where they spoke directly to job creators about how the One Big Beautiful Bill will help them create jobs, expand, and plan for the future. Administrator Loeffler highlighted that the bill will lock in tax relief, cut burdensome regulations, and strengthen American supply chains. She also emphasized how the SBA and President Trump will continue to work together to empower small businesses and workers as they drive America's economic comeback, including through efforts like the agency's Made in America Manufacturing Initiative and Make Onshoring Great Again Portal. Click HERE to watch the full interview or view excerpts below: '[The One Big Beautiful Bill] is the lifeblood for small businesses, to have that certainty of low taxes. It will also create about 1 million Main Street jobs—main streets like this that will benefit from the economic energy that will come behind it. It is literally rocket fuel for the economy.' 'We've talked to manufacturers…from aerospace to defense to barbeque grills and boats and so many things that this country can do. We've even introduced a directory for Made in America, manufactured goods to ensure that small businesses can source supplies from America—and that's what's happening across this country. Small businesses are grateful for President Trump fighting for fair-trade.' 'What's great about getting out across the country, outside of Washington, you see the concerns that are on the minds of hardworking Americans that make this country work…the last thing they need to hear is that there is a tax increase on the horizon…massive tax increase on hardworking Americans who have been pushed to the brink by Biden inflation that created 20% inflation, $1.6 trillion of regulation.' 'It's such a great honor to serve in President Trump's Administration…I bring 30 years of business experience to this role, but most importantly, I bring the heart of a small businessperson…so I know what small businesses go through every single day to make this country work—to make ours the greatest in the world—and President Trump is fighting for small businesses through fair trade, through deregulation and through low taxes.' # # # About the U.S. Small Business Administration The U.S. Small Business Administration helps power the American dream of entrepreneurship. As the leading voice for small businesses within the federal government, the SBA empowers job creators with the resources and support they need to start, grow, and expand their businesses or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Associated Press
08-07-2025
- Business
- Associated Press
ICYMI: Administrator Loeffler Joins Lara Trump for Exclusive Interview on One Big Beautiful Bill
WASHINGTON, July 08, 2025 (GLOBE NEWSWIRE) -- In case you missed it, Kelly Loeffler, Administrator of the U.S. Small Business Administration (SBA), joined My View with Laura Trump to discuss how President Donald J. Trump's One Big Beautiful Bill will empower America's 34 million small businesses. Signed into law on July 4, 2025, the bill provides historic tax cuts that will unleash a new era of hiring, growth, and prosperity on Main Street. During the exclusive interview, Administrator Loeffler and Lara Trump visited small businesses in Wilmington, North Carolina, where they spoke directly to job creators about how the One Big Beautiful Bill will help them create jobs, expand, and plan for the future. Administrator Loeffler highlighted that the bill will lock in tax relief, cut burdensome regulations, and strengthen American supply chains. She also emphasized how the SBA and President Trump will continue to work together to empower small businesses and workers as they drive America's economic comeback, including through efforts like the agency's Made in America Manufacturing Initiative and Make Onshoring Great Again Portal. Click HERE to watch the full interview or view excerpts below: '[The One Big Beautiful Bill] is the lifeblood for small businesses, to have that certainty of low taxes. It will also create about 1 million Main Street jobs—main streets like this that will benefit from the economic energy that will come behind it. It is literally rocket fuel for the economy.' 'We've talked to manufacturers…from aerospace to defense to barbeque grills and boats and so many things that this country can do. We've even introduced a directory for Made in America, manufactured goods to ensure that small businesses can source supplies from America—and that's what's happening across this country. Small businesses are grateful for President Trump fighting for fair-trade.' 'What's great about getting out across the country, outside of Washington, you see the concerns that are on the minds of hardworking Americans that make this country work…the last thing they need to hear is that there is a tax increase on the horizon…massive tax increase on hardworking Americans who have been pushed to the brink by Biden inflation that created 20% inflation, $1.6 trillion of regulation.' 'It's such a great honor to serve in President Trump's Administration…I bring 30 years of business experience to this role, but most importantly, I bring the heart of a small businessperson…so I know what small businesses go through every single day to make this country work—to make ours the greatest in the world—and President Trump is fighting for small businesses through fair trade, through deregulation and through low taxes.' # # # About the U.S. Small Business Administration The U.S. Small Business Administration helps power the American dream of entrepreneurship. As the leading voice for small businesses within the federal government, the SBA empowers job creators with the resources and support they need to start, grow, and expand their businesses or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit SBA HQ Press Team U.S. Small Business Administration [email protected]
Business Upturn
05-07-2025
- Business
- Business Upturn
Loeffler Issues Statement on One Big Beautiful Bill Signing
By GlobeNewswire Published on July 5, 2025, 03:00 IST WASHINGTON, July 04, 2025 (GLOBE NEWSWIRE) — Today, after President Donald J. Trump signed the One Big Beautiful Bill into law, Kelly Loeffler, Administrator of the U.S. Small Business Administration (SBA), released the following statement: 'The One Big Beautiful Bill is a landmark victory for America's small businesses, and it cements President Trump's legacy as the greatest small business champion our country has ever known,' said Loeffler. 'These historic tax cuts lay the foundation for generational prosperity on Main Street – ushering in a new era of growth, hiring, investment, and opportunity for job creators. I applaud Congressional Republicans for their efforts to pass the One Big Beautiful Bill, and I thank President Trump for his visionary leadership and unwavering commitment to putting American workers and job creators first.' Administrator Loeffler has been one of the Trump Administration's most outspoken proponents of the One Big Beautiful Bill. Last month, she embarked on a national tour to tout its benefits alongside America's small business owners – traveling to Florida, Indiana, Kansas, Louisiana, Maine, and North Carolina. In addition to delivering the largest tax cut in history for middle and working-class Americans – increasing annual take-home pay by at least $10,000 for most families – the One Big Beautiful Bill includes revolutionary reforms to end entitlement abuse, secure the border, stop the Green New Scam, and slash wasteful spending. It also includes numerous provisions that will directly empower small businesses and workers, including: Prevents the largest tax hike in history, making the 2017 Trump Tax Cuts permanent and increasing the standard deduction for every American family. making the 2017 Trump Tax Cuts permanent and increasing the standard deduction for every American family. Makes the Small Business Tax Deduction Permanent, preserving the 199A 20% small business deduction, which will generate $750 billion in economic growth and create over 1 million new Main Street jobs. Without the One Big Beautiful Bill, 26 million small businesses would have seen their top tax rate double to 43%. preserving the 199A 20% small business deduction, which will generate $750 billion in economic growth and create over 1 million new Main Street jobs. Without the One Big Beautiful Bill, 26 million small businesses would have seen their top tax rate double to 43%. Supports the return of Made in America by allowing 100 percent expensing for new factories, factory improvements, equipment, and research and development. by allowing 100 percent expensing for new factories, factory improvements, equipment, and research and development. Ends the war on the gig economy by removing the requirement that Venmo, PayPal, and other gig transactions over $600 be reported to the IRS. by removing the requirement that Venmo, PayPal, and other gig transactions over $600 be reported to the IRS. Protects family farmers by preventing the death tax from hitting 2 million family-owned farms who would otherwise see their exemptions cut in half. by preventing the death tax from hitting 2 million family-owned farms who would otherwise see their exemptions cut in half. Cuts taxes on seniors, tips, and overtime , saving tipped and overtime workers up to $1,750 per year. , saving tipped and overtime workers up to $1,750 per year. Protects Medicaid for working Americans , by ending benefits for at least 1.4 million illegal immigrants who are gaming the system. , by ending benefits for at least 1.4 million illegal immigrants who are gaming the system. Increases the child tax credit to $2,200 per family. # # # About the U.S. Small Business Administration The U.S. Small Business Administration helps power the American dream of entrepreneurship. As the leading voice for small businesses within the federal government, the SBA empowers job creators with the resources and support they need to start, grow, and expand their businesses or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Indianapolis Star
24-06-2025
- Business
- Indianapolis Star
Polls say Trump's Big Beautiful Bill is unpopular. In Indy SBA chief says Main Street supports it
As President Donald Trump's 'One Big Beautiful Bill Act' makes its way through Congress, his Small Business Administration leader visited Indianapolis on June 24 to tout the benefits she said the legislation could have on Hoosier business owners. Numerous independent polls released in recent weeks from outlets such as Fox News, the Washington Post, Quinnipiac University and the Kaiser Family Foundation show a majority of voters oppose Trump's bill. All four of those polls show more than 50% of individuals surveyed do not support the legislation. But SBA Administrator Kelly Loeffler, in a visit to Olson Custom Designs in northwest Indianapolis, said that's not what she hears from small business owners around the country, who she said support provisions of the bill such as increasing the small business tax deduction and eliminating taxes on overtime from 2025 until 2029. There has been misinformation about the bill benefiting Wall Street rather than Main Street, Loeffler said. 'The One Big Beautiful Bill is a very pro-worker piece of legislation,' Loeffler told reporters. 'Every day that we wait for this bill to pass is one less day that small businesses, manufacturers, main streets and hardworking Americans have to wait to see the benefits of that bill.' Brothers Mitch and Brian Olson, who founded Olson Custom Designs in 2014, walked Loeffler past large machines that hissed and squeaked. The business, which has 80 employees, manufactures essential parts for medical, aerospace and defense industries. Mitch Olson told reporters that the tax benefits in Trump's bill could allow Olson Custom Designs to reinvest in the company and its employees. 'Passing along that savings back to our employees is crucial to recruit more employees and to help advance the ones we currently already have,' he said. The June 24 Indianapolis stop was Loeffler's second visit to the Hoosier State this year. She announced a manufacturing deregulation initiative at Aerodyn Engineering in March in one of her first stops since her confirmation as SBA Administrator earlier this year. Trump's signature legislation passed the U.S. House in May and is currently making its way through the U.S. Senate. Congressional leaders are hoping to send the bill to Trump's desk by the Fourth of July, but that timeline could face obstacles as federal lawmakers continue to debate and change portions of the bill. More One Big Beautiful Bill impacts: Ending energy tax credits, jobs for thousands of Hoosiers One of those provisions is Medicaid funding and eligibility. The bill would establish work requirements for Medicaid recipients, but the U.S. Senate has also proposed capping the Medicaid provider tax at 3.5%. Indiana has a 6% provider tax, which covers 90% of the state's costs for the Healthy Indiana Plan. State leaders on June 18 said they were concerned such cuts would make Indiana unable to afford the Healthy Indiana Plan, which is the state's health insurance program for low income Hoosiers. Contact IndyStar state government and politics reporter Brittany Carloni at Follow her on Twitter/X @CarloniBrittany.
