Through CAR-PAC we have great opportunities ahead. Take a look at our mid-session update below.
American Rescue Plan Act Contains New Business Items
On March 11, President Biden signed into law the American Rescue Plan Act (ARPA), which expands and extends many of the economic aid programs enacted in 2020. Click here to read more about the key business issues addressed in the ARPA.
SBA Issues Updated PPP Loan FAQs
The Small Business Administration has updated its Paycheck Protection Program (PPP) FAQs to address changes made in December 2020 by the Economic Aid Act. Among other things, the Act extended until March 31, 2021, the date by which new PPP loan applications may be filed, including from certain existing PPP borrowers seeking a second-draw PPP loan. Read more.
In Memoriam: Sam Galloway, Jr.
Join us in remembering Sam Galloway, Jr. who passed away recently at 76. He was the youngest Ford dealer in the country when he took over Sam Galloway Ford in the 1970's from his father, growing it into one of the most successful Ford dealerships in the southeast. He was a car dealer, but feeding the hungry was his passion. He co-founded Community Cooperative Ministries Soup Kitchen when he realized some of his neighbors were hungry. It was a mission he supported for the rest of his life. Read more.
In Memoriam: Al Maroone
Join us in remembering Al Maroone, who passed away recently at 98. He built an auto empire from the ground up in South Florida. He began working with his father's dealership at 13 years old in Buffalo, NY. He bought his first dealership in 1981 and turned it into a chain of nine dealerships. In 1997, he was approached by Wayne Huizenga to join AutoNation. At that time, Maroone retired and got involved in philanthropy, notably raising over $100 million for Cleveland Clinic. Read more.
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