TIM BISHOP STANDS UP FOR SMALL BUSINESS
****
THE HAMPTONS GOSSIP
****
THE HAMPTONS GOSSIP
****
Chef Frank Tramontano Touts Benefits Of New
Small Business Bill with Congressman Tim Bishop
Story By: Edward Callaghan
****
Small Business Bill with Congressman Tim Bishop
Story By: Edward Callaghan
****
Frank Tramontano Joins Congressman Tim BishopAnd Supervisor Mark Lesko
Respected Congressman Tim Bishop, long known for his support of efforts to improve life for the middle class and provide assistance to small business joined local small businessman Chef Frank Tramontano and Brookhaven Town Supervisor Mark Lesko at Tramontano’s business in Yaphank to highlight the potential benefits of new federal legislation for area small businesses.
Tramontano's innovative food business, “Ever So Saucy Foods,” is poised for rapid expansion as he launches his all-natural line of sauces and specialty foods for distribution to institutions, supermarkets, and websites. In addition to bringing his state-of-the-art production facility on-line, Tramontano plans to hire up to 20 new employees in the next few months. He said "Ever So Saucy Foods" stands to benefit from increased access to capital from a $30 billion lending fund included in the bill along with generous tax breaks for entrepreneurs and small-business investors.
“It's an exciting project; we're coming out of this recession and it's time to get to work,” Tramontano said. “Additional capital will help me get rolling faster.”
The Small Business Jobs and Credit Act (H.R. 5297) recently passed in the Senate and is expected to be passed this week in the House of Representatives. It will provide $30 billion to small banks with incentives for them to lend to small businesses, potentially leveraging $300 billion in lending according to the Independent Community Bankers of America.
“The lending fund will leverage economic activity including expansion of businesses and that means expansion of jobs," said Congressman Bishop. “Providing entrepreneurs like Chef Frank with tax breaks and access to capital is the best recipe for creating jobs and growing the economy here on Long Island.”
“I commend Congressman Bishop for driving this legislation. Brookhaven has many small businesses that can benefit from the Small Business Jobs and Credit Act during these tough economic times. This lending fund is especially important since it is so difficult in this environment for small businesses to secure loans,” said Supervisor Mark Lesko.
Tramontano's innovative food business, “Ever So Saucy Foods,” is poised for rapid expansion as he launches his all-natural line of sauces and specialty foods for distribution to institutions, supermarkets, and websites. In addition to bringing his state-of-the-art production facility on-line, Tramontano plans to hire up to 20 new employees in the next few months. He said "Ever So Saucy Foods" stands to benefit from increased access to capital from a $30 billion lending fund included in the bill along with generous tax breaks for entrepreneurs and small-business investors.
“It's an exciting project; we're coming out of this recession and it's time to get to work,” Tramontano said. “Additional capital will help me get rolling faster.”
The Small Business Jobs and Credit Act (H.R. 5297) recently passed in the Senate and is expected to be passed this week in the House of Representatives. It will provide $30 billion to small banks with incentives for them to lend to small businesses, potentially leveraging $300 billion in lending according to the Independent Community Bankers of America.
“The lending fund will leverage economic activity including expansion of businesses and that means expansion of jobs," said Congressman Bishop. “Providing entrepreneurs like Chef Frank with tax breaks and access to capital is the best recipe for creating jobs and growing the economy here on Long Island.”
“I commend Congressman Bishop for driving this legislation. Brookhaven has many small businesses that can benefit from the Small Business Jobs and Credit Act during these tough economic times. This lending fund is especially important since it is so difficult in this environment for small businesses to secure loans,” said Supervisor Mark Lesko.
Photo Courtesy Of: Oliver Longwell
Comments