Economy & Jobs (Small Business)

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More on Economy & Jobs (Small Business)

August 12, 2020 Press Release

Washington, D.C. – Wednesday, Congresswoman Aumua Amata updated the status of the Small Business Administration (SBA) economic aid for American Samoa’s small businesses and nonprofits.

American Samoa’s total increased again from the last report of $21.5 million to just over $23 million, another increase of $1.5 million in two programs that have combined for 445 local loans. Loans are through the Paycheck Protection Program (PPP), which is now paused, and the ongoing Economic Injury Disaster Loans (EIDL) program.

August 4, 2020 Press Release

Washington, D.C. – Tuesday, Congresswoman Aumua Amata is reminding any remaining small businesses and employers that the current deadline for a Paycheck Protection Program (PPP) loan is August 8, and highlighting information regarding forgiveness of some loans. 

 

July 30, 2020 Press Release

Washington, D.C. – Wednesday, Congresswoman Aumua Amata updated the growing Small Business Administration (SBA) economic aid for American Samoa’s small businesses and nonprofits.

American Samoa’s total increased from the last report of $19 million to over $21.5 million ($21,501,368), with all of that $2.5 million increase in two loan programs, as the emergency advances are no longer offered.

July 28, 2020 Press Release

Pago Pago – Monday, Congresswoman Aumua Amata held a town hall meeting at Aumoeualogo Guest House in Aoa village to discuss issues, economic efforts, recent legislation, events in Washington, and federal services for constituents.

“Thank you to Aoa village,” said Aumua Amata. “I had the opportunity to update constituents on the possibility of another round of $1,200 economic relief checks, and the status of ongoing federal funding for our islands.”

July 21, 2020 Press Release

Washington, D.C. – Tuesday, Congresswoman Aumua Amata provided an update on the growth in economic aid from the Small Business Administration (SBA), in conjunction with the U.S. Treasury Department, for American Samoa’s small businesses and nonprofits, due to Congress having passed several rounds of economic relief legislation since March.

July 20, 2020 Press Release

WASHINGTON – Today, Congresswoman Aumua Amata welcomed the announcement by U.S. Secretary of Commerce Wilbur Ross that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to the American Samoa Shipyard Services Authority, Pago Pago, to support the acquisition of equipment, machinery, and tools needed to modernize the Shipyard Service Facility located in a Tax Cuts and Jobs Act Opportunity Zone.

July 15, 2020 Press Release

WASHINGTON – Today, Congresswoman Aumua Amata welcomed the announcement by U.S. Secretary of Commerce Wilbur Ross that the Department’s Economic Development Administration (EDA) is awarding a $2 million CARES Act Recovery Assistance grant to the American Samoa Government, Pago Pago, to capitalize and administer a Revolving Loan Fund (RLF) that will provide critical gap financing to small businesses and entrepreneurs across American Samoa adversely affected by the coronavirus pandemic.     

July 9, 2020 Press Release

Washington, D.C. – Thursday, Congresswoman Aumua Amata is providing an update on federal oversight of the CARES Act and other economic relief funds. This information includes the process, federal requirements for these funds, and contact information to report any waste, fraud or abuse of such funding.

July 6, 2020 Press Release

Washington, D.C. – Monday, Congresswoman Aumua Amata provided a weekly update on the continuing growth in Small Business Administration (SBA) economic aid for American Samoa’s small businesses and nonprofits.

The total increased by about $2.6 million to $17,810,411. That includes 321 combined loans from two programs, and 189 emergency advances at an average of $5,613 per advance.

 

July 1, 2020 Press Release

Washington, D.C. – Wednesday, Congresswoman Aumua Amata welcomed congressional action to extend the Paycheck Protection Program (PPP) through August 8, 2020, to help small businesses.

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