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THE NATIONAL RETAIL FEDERATION The National Retail Federation today welcomed the Federal Reserve’s decision to allow larger midsize businesses hit by the coronavirus pandemic to participate in its $600 billion Main Street Lending Program, a move that was proposed by NRF earlier this month.
“Expanding eligibility for this program will provide much-needed support for some of America’s most recognizable brands and their workers, who have been severely impacted by the pandemic,” NRF President and CEO Matthew Shay said. “Access to financial relief should be available to businesses of all sizes, but many midsize businesses were left out of the CARES Act relief package. Today’s announcement will close that gap and ensure that companies in the middle can access valuable economic support critical to preserving their ability to reopen quickly once the crisis has passed.”
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THE NATIONAL RETAIL FEDERATION  The National Retail Federation was among 89 retail industry trade groups that sent a letter to the White House today applauding the Trump Administration and House and Senate leadership for their efforts to protect public health and minimize the economic impact of the coronavirus pandemic.
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