April 29, 2022
Senator Jeanne Shaheen and SBA Administrator Guzman tour Londonderry company Uni-Forged earlier this early morning.
(Londonderry, NH) – U.S. Senator Jeanne Shaheen (D-NH) – a senior member of the Senate Committee on Small Organization and Entrepreneurship – hosted U.S. Smaller Organization Administration (SBA) Administrator Isabella Casillas Guzman this morning at Uni-Cast, a Londonderry aluminum investment decision casting company, to focus on the function of Granite State manufacturing, supply chain worries amid the pandemic, workforce needs and federal support for modest businesses. Throughout the pay a visit to, Shaheen and Guzman toured the facility and met with personnel.
“Uni-Cast is a family-owned and operated New Hampshire small enterprise, and a vital instance of how Granite Point out production plays a critical part in our regional economic climate, while aiding to advance our national priorities. Its aluminum castings are sought immediately after by aerospace and protection companies, which strengthens New Hampshire’s prized manufacturing track record in assistance of our nationwide defense. I’m happy Administrator Guzman was in New Hampshire to master about the important function that Uni-Forged does, how it generates work opportunities appropriate right here in our community, but also so she could listen to 1st-hand about the problems we’re dealing with from provide chain concerns, workforce hurdles and continued restoration requirements as a final result of the pandemic,” mentioned Senator Shaheen. “As People experience tricky monetary road blocks due to Putin’s unprovoked war in Ukraine, and from the financial fallout spurred by the pandemic, every single effort and hard work must be designed to aid companies like Uni-Forged. As a negotiator of the tiny business enterprise provisions in the CARES Act, as effectively as substantial portions of the infrastructure invoice, I know there is widespread ground in Congress to be observed on the most pressing economic worries experiencing our country. I appear ahead to operating with lawmakers on both sides of the aisle, and with Administrator Guzman, to that conclusion.”
“Small manufacturing organizations are on the rise, building items in regional communities that are obtained and put to use across the country and the world. It was a satisfaction to be a part of Senator Shaheen currently and take a look at Uni-Cast, a compact producer generating a major effect on their neighborhood financial system. And thanks to the Bipartisan Infrastructure Regulation – which Senator Shaheen served negotiate and get across the complete line – there are more chances on the horizon for brands and other compact corporations in New Hampshire and throughout the country. I’m dedicated to functioning with President Biden, my fellow cabinet users, and Congress to make guaranteed compact companies are acquiring linked with the funding and assets they require to develop and prosper,” said SBA Administrator Isabella Casillas Guzman.
Senator Shaheen worked to provide modest enterprises with the methods they need to weather and get better from the economic affect of the COVID-19 pandemic. Shaheen assisted guide negotiations on provisions in the Coronavirus Help, Aid and Financial Stability (CARES) Act to help little corporations, which established the Paycheck Security Method (PPP) and expanded the Economic Injury Disaster Loan Method, equally of which were lifelines for organizations during New Hampshire and the state. Far more than 41,000 New Hampshire tiny organizations and non-income, which includes Uni-Solid, obtained in excess of $3.7 billion in PPP help, pursuing Shaheen’s profitable thrust to extend the deadline to utilize for federal funding by means of PPP. In the COVID-19 relief signed into law in December 2020, Shaheen aided secure $20 billion for the EIDL unexpected emergency grant plan and $3.5 billion to increase the Debt Relief Program established under the CARES Act, which covers payment of principal, fascination and fees on all pre-present and new Smaller Business enterprise Administration (SBA)-backed financial loans.
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