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Help Save 300k Parking Jobs, Cashflow Carnage Right Now
The parking industry is in freefall. Job losses are accelerating. Businesses are in danger of bankruptcy. More than 1M jobs nationwide—581,000 direct parking employees. As essential support to airports, hospitals, municipalities and more parking’s survival helps transportation infrastructure.
I urge you to support the provisions below so the Payroll Protection Plan and Treasury loans can help protect the workers and businesses of the parking industry:
1. PPP Add NAICS Code 812930 for parking as an exception by adding a reference to NAICS code 812930 in D(iii) and D(iv). This in effect waives limitations on gross revenue and the total number of employees, consistent with the relief provided to the hotel and hospitality industries.
2. PPP Per Location Clarification: Clarify parking companies can apply for up to $10 million per location due to the typical industry structure of larger companies (hundreds or thousands of locations with a few employees but all under the same corporate Employer Identification Number.
3. PPP Affiliation Rule Modification: Temporarily waive affiliation rules temporarily for this crisis, so that businesses that receive financial assistance from private equity or foreign investment companies are eligible for the PPP. These two obstacles are affecting many parking companies that will have no choice but to deepen furloughs or close. Sources of equity investment should not “poison the well” for American companies employing American workers.
4. PPP Outsourcing Clarification -- In some cases, parking employees work under a contract that their employer has with a corporate client. It would help to clarify for the parking industry to ensure that where the parking company employs workers and provides services under a contract to a PPP borrower, the borrower may use loan proceeds to pay its parking contractor to cover the payroll costs of the contractor, provided that such contractor is not itself an eligible PPP borrower. Without this clarification, there could be situations where our client is not eligible to use the PPP but the parking company is too large to benefit (under the current CARES Act provision). As a result, the employees’ payroll wouldn’t be covered by either an SBA loan or loan forgiveness.
5. Mid/Size & Larger Business Loans, Treasury, in Section 4003 (b)(1)(4) of the CARES Act, clearly state that other distressed businesses, like those in the parking industry, do not have to provide security for loans and forgiveness is available for such loans on certain conditions.
6. Mid/Size & Larger Business Loans, Treasury, Section 4003(c)(3)(D)(i) requires borrowers to rehire 90 percent of their employees from February 1, 2020 (pre-pandemic) within four months of the lifting of a state of emergency. Instead provide six months to return to those pre-COVID-19 workforce levels.
The recommendations above are needed to ensure that the parking industry survives and can continue to support transportation infrastructure that is a major driver of local economies and our cities. Thank you for your consideration.
Parking Industry Jobs Collapse, We Need Your Help
Parking cashflow and jobs are collapsing. 1st round of layoffs completed. More layoffs underway. Larger parking industry operators and suppliers need relief. We ask for your help in revisions to loan programs. Be inclusive. Help save more jobs.
Parking operators are closing operations yet have substantial fixed expenses, most important are wages for our workers. With the recent COVID-19 guidelines, businesses will be without revenue for so long—our survival is uncertain.
I urge you to support the provisions below so the Payroll Protection Plan and Treasury loans can help protect the workers and businesses of the parking industry:
1. PPP Add NAICS Code 812930 for parking as an exception by adding a reference to NAICS code 812930 in D(iii) and D(iv). This in effect waives limitations on gross revenue and the total number of employees, consistent with the relief provided to the hotel and hospitality industries.
2. PPP Per Location Clarification: Clarify parking companies can apply for up to $10 million per location due to the typical industry structure of larger companies (hundreds or thousands of locations with a few employees but all under the same corporate Employer Identification Number.
3. PPP Affiliation Rule Modification: Temporarily waive affiliation rules temporarily for this crisis, so that businesses that receive financial assistance from private equity or foreign investment companies are eligible for the PPP. These two obstacles are affecting many parking companies that will have no choice but to deepen furloughs or close. Sources of equity investment should not “poison the well” for American companies employing American workers.
4. PPP Outsourcing Clarification -- In some cases, parking employees work under a contract that their employer has with a corporate client. It would help to clarify for the parking industry to ensure that where the parking company employs workers and provides services under a contract to a PPP borrower, the borrower may use loan proceeds to pay its parking contractor to cover the payroll costs of the contractor, provided that such contractor is not itself an eligible PPP borrower. Without this clarification, there could be situations where our client is not eligible to use the PPP but the parking company is too large to benefit (under the current CARES Act provision). As a result, the employees’ payroll wouldn’t be covered by either an SBA loan or loan forgiveness.
5. Mid/Size & Larger Business Loans, Treasury, in Section 4003 (b)(1)(4) of the CARES Act, clearly state that other distressed businesses, like those in the parking industry, do not have to provide security for loans and forgiveness is available for such loans on certain conditions.
6. Mid/Size & Larger Business Loans, Treasury, Section 4003(c)(3)(D)(i) requires borrowers to rehire 90 percent of their employees from February 1, 2020 (pre-pandemic) within four months of the lifting of a state of emergency. Instead provide six months to return to those pre-COVID-19 workforce levels.
The recommendations above are needed to ensure that the parking industry survives and can continue to support transportation infrastructure that is a major driver of local economies and our cities. Thank you for your consideration.
Parking Industry Layoffs Continuing, Help us with NAICS 812930
Larger firms in parking industry in danger of extinction. Parking cashflow collapse continues. Parking operators need your help with revisions to CARES Act.
Parking operators are closing operations yet have substantial fixed expenses, most important are wages for our workers. With the recent COVID-19 guidelines, businesses will be without revenue for so long—our survival is uncertain.
I urge you to support the provisions below so the Payroll Protection Plan and Treasury loans can help protect the workers and businesses of the parking industry:
1. PPP Add NAICS Code 812930 for parking as an exception by adding a reference to NAICS code 812930 in D(iii) and D(iv). This in effect waives limitations on gross revenue and the total number of employees, consistent with the relief provided to the hotel and hospitality industries.
2. PPP Per Location Clarification: Clarify parking companies can apply for up to $10 million per location due to the typical industry structure of larger companies (hundreds or thousands of locations with a few employees but all under the same corporate Employer Identification Number.
3. PPP Affiliation Rule Modification: Temporarily waive affiliation rules temporarily for this crisis, so that businesses that receive financial assistance from private equity or foreign investment companies are eligible for the PPP. These two obstacles are affecting many parking companies that will have no choice but to deepen furloughs or close. Sources of equity investment should not “poison the well” for American companies employing American workers.
4. PPP Outsourcing Clarification -- In some cases, parking employees work under a contract that their employer has with a corporate client. It would help to clarify for the parking industry to ensure that where the parking company employs workers and provides services under a contract to a PPP borrower, the borrower may use loan proceeds to pay its parking contractor to cover the payroll costs of the contractor, provided that such contractor is not itself an eligible PPP borrower. Without this clarification, there could be situations where our client is not eligible to use the PPP but the parking company is too large to benefit (under the current CARES Act provision). As a result, the employees’ payroll wouldn’t be covered by either an SBA loan or loan forgiveness.
5. Mid/Size & Larger Business Loans, Treasury, in Section 4003 (b)(1)(4) of the CARES Act, clearly state that other distressed businesses, like those in the parking industry, do not have to provide security for loans and forgiveness is available for such loans on certain conditions.
6. Mid/Size & Larger Business Loans, Treasury, Section 4003(c)(3)(D)(i) requires borrowers to rehire 90 percent of their employees from February 1, 2020 (pre-pandemic) within four months of the lifting of a state of emergency. Instead provide six months to return to those pre-COVID-19 workforce levels.
The recommendations above are needed to ensure that the parking industry survives and can continue to support transportation infrastructure that is a major driver of local economies and our cities. Thank you for your consideration.
Parking Industry’s 1M Jobs Could Collapse 80%, Provide Relief
Legislative provisions needed to help larger parking operators survive. Each operator has 10k to 20k in jobs—workers at risk. We need your help.
Parking operators are closing operations yet have substantial fixed expenses, most important are wages for our workers. With the recent COVID-19 guidelines, businesses will be without revenue for so long—our survival is uncertain.
I urge you to support the provisions below so the Payroll Protection Plan and Treasury loans can help protect the workers and businesses of the parking industry:
1. PPP Add NAICS Code 812930 for parking as an exception by adding a reference to NAICS code 812930 in D(iii) and D(iv). This in effect waives limitations on gross revenue and the total number of employees, consistent with the relief provided to the hotel and hospitality industries.
2. PPP Per Location Clarification: Clarify parking companies can apply for up to $10 million per location due to the typical industry structure of larger companies (hundreds or thousands of locations with a few employees but all under the same corporate Employer Identification Number.
3. PPP Affiliation Rule Modification: Temporarily waive affiliation rules temporarily for this crisis, so that businesses that receive financial assistance from private equity or foreign investment companies are eligible for the PPP. These two obstacles are affecting many parking companies that will have no choice but to deepen furloughs or close. Sources of equity investment should not “poison the well” for American companies employing American workers.
4. PPP Outsourcing Clarification -- In some cases, parking employees work under a contract that their employer has with a corporate client. It would help to clarify for the parking industry to ensure that where the parking company employs workers and provides services under a contract to a PPP borrower, the borrower may use loan proceeds to pay its parking contractor to cover the payroll costs of the contractor, provided that such contractor is not itself an eligible PPP borrower. Without this clarification, there could be situations where our client is not eligible to use the PPP but the parking company is too large to benefit (under the current CARES Act provision). As a result, the employees’ payroll wouldn’t be covered by either an SBA loan or loan forgiveness.
5. Mid/Size & Larger Business Loans, Treasury, in Section 4003 (b)(1)(4) of the CARES Act, clearly state that other distressed businesses, like those in the parking industry, do not have to provide security for loans and forgiveness is available for such loans on certain conditions.
6. Mid/Size & Larger Business Loans, Treasury, Section 4003(c)(3)(D)(i) requires borrowers to rehire 90 percent of their employees from February 1, 2020 (pre-pandemic) within four months of the lifting of a state of emergency. Instead provide six months to return to those pre-COVID-19 workforce levels.
The recommendations above are needed to ensure that the parking industry survives and can continue to support transportation infrastructure that is a major driver of local economies and our cities. Thank you for your consideration.
CARES Act Needs to Help Parking Operators Save Jobs
Parking industry NAICS 812930 needs your help. For Payroll Protection Program and Treasury loans, help provide for small and medium/larger employers to survive. We want to save jobs and need your help.
Parking operators are closing operations yet have substantial fixed expenses, most important are wages for our workers. With the recent COVID-19 guidelines, businesses will be without revenue for so long—our survival is uncertain.
I urge you to support the provisions below so the Payroll Protection Plan and Treasury loans can help protect the workers and businesses of the parking industry:
1. PPP Add NAICS Code 812930 for parking as an exception by adding a reference to NAICS code 812930 in D(iii) and D(iv). This in effect waives limitations on gross revenue and the total number of employees, consistent with the relief provided to the hotel and hospitality industries.
2. PPP Per Location Clarification: Clarify parking companies can apply for up to $10 million per location due to the typical industry structure of larger companies (hundreds or thousands of locations with a few employees but all under the same corporate Employer Identification Number.
3. PPP Affiliation Rule Modification: Temporarily waive affiliation rules temporarily for this crisis, so that businesses that receive financial assistance from private equity or foreign investment companies are eligible for the PPP. These two obstacles are affecting many parking companies that will have no choice but to deepen furloughs or close. Sources of equity investment should not “poison the well” for American companies employing American workers.
4. PPP Outsourcing Clarification -- In some cases, parking employees work under a contract that their employer has with a corporate client. It would help to clarify for the parking industry to ensure that where the parking company employs workers and provides services under a contract to a PPP borrower, the borrower may use loan proceeds to pay its parking contractor to cover the payroll costs of the contractor, provided that such contractor is not itself an eligible PPP borrower. Without this clarification, there could be situations where our client is not eligible to use the PPP but the parking company is too large to benefit (under the current CARES Act provision). As a result, the employees’ payroll wouldn’t be covered by either an SBA loan or loan forgiveness.
5. Mid/Size & Larger Business Loans, Treasury, in Section 4003 (b)(1)(4) of the CARES Act, clearly state that other distressed businesses, like those in the parking industry, do not have to provide security for loans and forgiveness is available for such loans on certain conditions.
6. Mid/Size & Larger Business Loans, Treasury, Section 4003(c)(3)(D)(i) requires borrowers to rehire 90 percent of their employees from February 1, 2020 (pre-pandemic) within four months of the lifting of a state of emergency. Instead provide six months to return to those pre-COVID-19 workforce levels.
The recommendations above are needed to ensure that the parking industry survives and can continue to support transportation infrastructure that is a major driver of local economies and our cities. Thank you for your consideration.