Stimulus for 501(c)(6) Organizations
Small businesses, nonprofits, and chambers of commerce across the nation are struggling to stay afloat during the COVID-19 pandemic.
While the CARES Act included relief for 501(c)(3) organizations, 501(c)(6)s were inexplicably excluded from this important legislation that would have provided significant aid to these crucial nonprofits, including local chambers of commerce and trade organizations.
501(c)(6)s are a critical part of the small business community, contributing nearly half a trillion dollars to the U.S. GDP and serving to directly support nearly six million jobs. Chambers of commerce and trade organizations have been devastated by the pandemic, with most of their large fundraising events being cancelled and with small businesses struggling to pay membership dues.
Chambers of commerce and trade organizations must be included in the next stimulus package to help them make it through the pandemic. There is no justifiable reason to withhold relief from the organizations that are so critical in providing support to small businesses.