Welcome to the Small Business Rundown. Each day, we bring you stories that impact small business owners and their workforce.
Small Business News Highlights for October 21:
- COVID relief deal may be “imminent” according to Nancy Pelosi
- Senate Democrats block Republican-backed PPP legislation
- Tips for improving workplace relationships when working remotely
COVID-19 relief deal update
“There will be a bill. It’s a question of is it in time to pay the November rent, which is my goal, or is it going to be shortly thereafter, and retroactive.”
Speaker of the House Nancy Pelosi announced today that she is confident that she and Treasury Secretary Steve Mnuchin are on the brink of reaching a deal on COVID-related economic aid.
Currently, the representatives from the 2 parties are hammering out a few remaining details on liability protections and how much money should go to state and local governments. Speaker Pelosi acknowledged that the final deal might not be reached until after the election and that it will be up to President Donald Trump to convince Senate Republicans to support the legislation.
$500 billion coronavirus aid bill blocked
“Move us past Speaker Pelosi’s all-or-nothing obstruction and deliver huge support right now for the most pressing needs of our country.”
Speaking of Senate Republicans … an attempt by Senate Majority Leader Mitch McConnell to pass a standalone bill worth $500 billion in aid to businesses failed earlier today.
The bill would reauthorize the Paycheck Protection Program and provide money for schools, businesses, and unemployment benefits, but does not include Democrat priorities, such as direct cash payments and aid to states.
The measure failed when Senate Democrats voted in lockstep against the bill to give their House counterparts more time to craft a comprehensive package.
Improving remote workplace relationships
“If someone is trying to reach you and they can’t, they often assume the worst.”
For already fraught workplace relationships, the transition to working from home can either provide some much-needed breathing room or exacerbate tensions. For employees who have tension with their boss, working from home requires extra considerations to foster a good relationship with a supervisor.
For starters, make sure you understand each other’s work style preferences and that expectations are clearly communicated. And perhaps most importantly, don’t give your boss a reason to distrust you.