The National Federation of Independent Business (NFIB) has announced its legislative priorities for the 2021 Alaska legislative session. The focus is on providing support to small businesses facing challenges due to the pandemic.
Thor Stacey, NFIB State Director in Alaska, emphasized the urgency of action: “Here’s the situation in Juneau: on the first day of session, the House has yet to organized and until they do, the legislature will be unable to do its part to address the needs of small business or the economy at large.” He noted that many small businesses are struggling to stay open and are vulnerable to lawsuits. “Our members are working extra hard to keep their doors open during a pandemic,” Stacey said. He warned that many businesses could close permanently if faced with frivolous litigation.
One of NFIB’s key concerns is liability protection for small business owners. As lawmakers convene, they aim to shield these businesses from legal threats. A recent survey by NFIB indicated that without economic improvement within six months, one in four small business owners might have to close their operations.
Another priority is advocating for rapid allocation of COVID relief funds directly to affected small businesses. This financial support is crucial for those particularly impacted by pandemic restrictions.
The NFIB also seeks replenishment of funds depleted by unemployment insurance claims and workers’ compensation costs due to COVID-19 cases contracted at work. With unemployment rates high and trust fund balances dropping significantly, there is concern over potential increases in insurance rates affecting small business owners.
