WASHINGTON - The National Retail Federation issued the following statement from President and CEO Matthew Shay in response to the release of President-elect Biden’s plan to combat the coronavirus and stimulate the nation’s economic recovery.
“The stimulus plan released today by President-elect Biden is expansive in scope, but it serves as an encouraging signal that the new administration intends swift action to support businesses and consumers. Jobs have been lost, businesses have been closed and our economy has struggled. We support providing critical government assistance in the form of direct payments to families and individuals whose lives have been disrupted, further aid for small businesses across the country, and tools to keep businesses open and the economy growing.
“There is much work to be done, and retail is playing an invaluable role to help vaccinate as many of our citizens as quickly and safely as possible. In our discussions with the Biden transition team and congressional leaders, there is unanimity in the recognition that we must all work together to overcome the challenges brought about by COVID-19.”
The National Retail Federation, the world’s largest retail trade association, passionately advocates for the people, brands, policies and ideas that help retail thrive. From its headquarters in Washington, D.C., NRF empowers the industry that powers the economy. Retail is the nation’s largest private-sector employer, contributing $3.9 trillion to annual GDP and supporting one in four U.S. jobs — 52 million working Americans. For over a century, NRF has been a voice for every retailer and every retail job, educating, inspiring and communicating the powerful impact retail has on local communities and global economies. NRF.com