SEMA-member companies have posted several new listings for job opportunities in the Classifieds page of SEMA.org.
Thu, 10/15/2020 - 09:37
Thu, 10/15/2020 - 09:27
By SEMA Washington, D.C., Staff
The U.S. Treasury issued a new loan forgiveness application form (Form 3508S) for PPP loans of $50,000 or less in an effort to simplify the loan-review process for these smaller loan amounts. The new form is two pages rather than five, and many questions meant to confirm that the loans were used as intended for supplying payrolls and covering fixed costs have been removed. Nevertheless, the form still requires the borrower to submit significant documentation (bank statements, tax forms, payment receipts, employee benefit statements, etc.).
The PPP has provided 5.2 million loans worth $525 billion to American small businesses while supporting more than 51 million jobs, according to the U.S. Treasury. While SEMA welcomes the revised loan-forgiveness form, the Association has joined a coalition of companies and organizations seeking a more streamlined process so that small business owners can invest in jobs and support their local economies rather than spend time and resources on paperwork. Several SEMA-supported bills are being considered in the U.S. Congress that would further simplify the PPP forgiveness process, especially for loans of up to $150,000, while also protecting against fraud and misuse of funds. More than 86% of issued loans are for $150,000 or less, according to the U.S. Small Business Administration (SBA).
The SBA began accepting loan forgiveness applications on August 10, but only a small percentage have been submitted by lending institutions or processed by the SBA. The lenders have said that the process is too onerous and time-consuming. Under the program, a lender has 60 days to process and submit applications to the SBA once received from the borrower. The SBA has 90 days to make a final decision and send the forgiven funds to the lender.
Applications granted less than the anticipated full forgiveness by the SBA will be problematic for both the lender and borrower.
To obtain forms:
For more information, contact Stuart Gosswein at stuartg@sema.org.
Thu, 10/15/2020 - 09:27
By SEMA Washington, D.C., Staff
The U.S. Treasury issued a new loan forgiveness application form (Form 3508S) for PPP loans of $50,000 or less in an effort to simplify the loan-review process for these smaller loan amounts. The new form is two pages rather than five, and many questions meant to confirm that the loans were used as intended for supplying payrolls and covering fixed costs have been removed. Nevertheless, the form still requires the borrower to submit significant documentation (bank statements, tax forms, payment receipts, employee benefit statements, etc.).
The PPP has provided 5.2 million loans worth $525 billion to American small businesses while supporting more than 51 million jobs, according to the U.S. Treasury. While SEMA welcomes the revised loan-forgiveness form, the Association has joined a coalition of companies and organizations seeking a more streamlined process so that small business owners can invest in jobs and support their local economies rather than spend time and resources on paperwork. Several SEMA-supported bills are being considered in the U.S. Congress that would further simplify the PPP forgiveness process, especially for loans of up to $150,000, while also protecting against fraud and misuse of funds. More than 86% of issued loans are for $150,000 or less, according to the U.S. Small Business Administration (SBA).
The SBA began accepting loan forgiveness applications on August 10, but only a small percentage have been submitted by lending institutions or processed by the SBA. The lenders have said that the process is too onerous and time-consuming. Under the program, a lender has 60 days to process and submit applications to the SBA once received from the borrower. The SBA has 90 days to make a final decision and send the forgiven funds to the lender.
Applications granted less than the anticipated full forgiveness by the SBA will be problematic for both the lender and borrower.
To obtain forms:
For more information, contact Stuart Gosswein at stuartg@sema.org.
Thu, 10/15/2020 - 09:27
By SEMA Washington, D.C., Staff
The U.S. Treasury issued a new loan forgiveness application form (Form 3508S) for PPP loans of $50,000 or less in an effort to simplify the loan-review process for these smaller loan amounts. The new form is two pages rather than five, and many questions meant to confirm that the loans were used as intended for supplying payrolls and covering fixed costs have been removed. Nevertheless, the form still requires the borrower to submit significant documentation (bank statements, tax forms, payment receipts, employee benefit statements, etc.).
The PPP has provided 5.2 million loans worth $525 billion to American small businesses while supporting more than 51 million jobs, according to the U.S. Treasury. While SEMA welcomes the revised loan-forgiveness form, the Association has joined a coalition of companies and organizations seeking a more streamlined process so that small business owners can invest in jobs and support their local economies rather than spend time and resources on paperwork. Several SEMA-supported bills are being considered in the U.S. Congress that would further simplify the PPP forgiveness process, especially for loans of up to $150,000, while also protecting against fraud and misuse of funds. More than 86% of issued loans are for $150,000 or less, according to the U.S. Small Business Administration (SBA).
The SBA began accepting loan forgiveness applications on August 10, but only a small percentage have been submitted by lending institutions or processed by the SBA. The lenders have said that the process is too onerous and time-consuming. Under the program, a lender has 60 days to process and submit applications to the SBA once received from the borrower. The SBA has 90 days to make a final decision and send the forgiven funds to the lender.
Applications granted less than the anticipated full forgiveness by the SBA will be problematic for both the lender and borrower.
To obtain forms:
For more information, contact Stuart Gosswein at stuartg@sema.org.
Thu, 10/15/2020 - 09:20
By SEMA Washington, D.C., Staff
 MAHLE recently hosted U.S. Representative Haley Stevens (D-MI) at its North America headquarters in Farmington Hills, Michigan. |
Although COVID-19 has upended how SEMA and its members interact with their elected officials this year, MAHLE recently hosted U.S. Representative Haley Stevens (D-MI) at its North America headquarters in Farmington Hills, Michigan. MAHLE and SEMA provided the Congresswoman with a small, socially-distanced tour and sat down with her to discuss key issues impacting the automotive aftermarket—including trade, vehicle data access and the Recognizing the Protection of Motorsports Act (RPM Act).
Elected in 2018 to represent Michigan’s 11th Congressional District, which includes part of Wayne and Oakland counties, Rep. Stevens has been a strong ally of the automotive industry during her first term in Congress. The Congresswoman cosponsored the RPM Act, which clarifies that it is legal to convert motor vehicles into dedicated racecars and sell race parts for those machines, and her office has maintained an open line of communications with SEMA on issues of importance to the aftermarket.
“I really enjoyed the opportunity to visit MAHLE in Farmington Hills as part of my Manufacturing Monday initiative,” said Rep. Stevens. “After touring the facility, we had a great conversation about adjusting to public health guidelines during the COVID-19 pandemic, safeguarding our supply chains, and maintaining our economic competitiveness in Michigan's 11th District.”
Based in Stuttgart, Germany, MAHLE is a top-20 automotive supplier in the world with more than 160 production locations globally. The company produces efficiency technology for automobiles, including piston systems and components, cylinder components, valve train systems, air conditioning, engine cooling components and systems, oil and fuel management systems and electronics. MAHLE is also a key player in the aftermarket, as it produces replacement and custom parts and accessories.
“The automotive industry faces multiple challenges on many fronts, the opportunity to spend time with Rep. Stevens, and give her some insight into these issues from a firsthand perspective is something we were very proud to do,” said Ted Hughes, MAHLE’s director of marketing. “Her attentiveness during our time together, and willingness to understand how our world is changing was a credit to her and her priorities."
If you would like to host your member of Congress or their staff at your business, please contact Christian Robinson at christianr@sema.org.
Thu, 10/15/2020 - 09:20
By SEMA Washington, D.C., Staff
MAHLE recently hosted U.S. Representative Haley Stevens (D-MI) at its North America headquarters in Farmington Hills, Michigan. |
Although COVID-19 has upended how SEMA and its members interact with their elected officials this year, MAHLE recently hosted U.S. Representative Haley Stevens (D-MI) at its North America headquarters in Farmington Hills, Michigan. MAHLE and SEMA provided the Congresswoman with a small, socially-distanced tour and sat down with her to discuss key issues impacting the automotive aftermarket—including trade, vehicle data access and the Recognizing the Protection of Motorsports Act (RPM Act).
Elected in 2018 to represent Michigan’s 11th Congressional District, which includes part of Wayne and Oakland counties, Rep. Stevens has been a strong ally of the automotive industry during her first term in Congress. The Congresswoman cosponsored the RPM Act, which clarifies that it is legal to convert motor vehicles into dedicated racecars and sell race parts for those machines, and her office has maintained an open line of communications with SEMA on issues of importance to the aftermarket.
“I really enjoyed the opportunity to visit MAHLE in Farmington Hills as part of my Manufacturing Monday initiative,” said Rep. Stevens. “After touring the facility, we had a great conversation about adjusting to public health guidelines during the COVID-19 pandemic, safeguarding our supply chains, and maintaining our economic competitiveness in Michigan's 11th District.”
Based in Stuttgart, Germany, MAHLE is a top-20 automotive supplier in the world with more than 160 production locations globally. The company produces efficiency technology for automobiles, including piston systems and components, cylinder components, valve train systems, air conditioning, engine cooling components and systems, oil and fuel management systems and electronics. MAHLE is also a key player in the aftermarket, as it produces replacement and custom parts and accessories.
“The automotive industry faces multiple challenges on many fronts, the opportunity to spend time with Rep. Stevens, and give her some insight into these issues from a firsthand perspective is something we were very proud to do,” said Ted Hughes, MAHLE’s director of marketing. “Her attentiveness during our time together, and willingness to understand how our world is changing was a credit to her and her priorities."
If you would like to host your member of Congress or their staff at your business, please contact Christian Robinson at christianr@sema.org.
Thu, 10/15/2020 - 09:20
By SEMA Washington, D.C., Staff
MAHLE recently hosted U.S. Representative Haley Stevens (D-MI) at its North America headquarters in Farmington Hills, Michigan. |
Although COVID-19 has upended how SEMA and its members interact with their elected officials this year, MAHLE recently hosted U.S. Representative Haley Stevens (D-MI) at its North America headquarters in Farmington Hills, Michigan. MAHLE and SEMA provided the Congresswoman with a small, socially-distanced tour and sat down with her to discuss key issues impacting the automotive aftermarket—including trade, vehicle data access and the Recognizing the Protection of Motorsports Act (RPM Act).
Elected in 2018 to represent Michigan’s 11th Congressional District, which includes part of Wayne and Oakland counties, Rep. Stevens has been a strong ally of the automotive industry during her first term in Congress. The Congresswoman cosponsored the RPM Act, which clarifies that it is legal to convert motor vehicles into dedicated racecars and sell race parts for those machines, and her office has maintained an open line of communications with SEMA on issues of importance to the aftermarket.
“I really enjoyed the opportunity to visit MAHLE in Farmington Hills as part of my Manufacturing Monday initiative,” said Rep. Stevens. “After touring the facility, we had a great conversation about adjusting to public health guidelines during the COVID-19 pandemic, safeguarding our supply chains, and maintaining our economic competitiveness in Michigan's 11th District.”
Based in Stuttgart, Germany, MAHLE is a top-20 automotive supplier in the world with more than 160 production locations globally. The company produces efficiency technology for automobiles, including piston systems and components, cylinder components, valve train systems, air conditioning, engine cooling components and systems, oil and fuel management systems and electronics. MAHLE is also a key player in the aftermarket, as it produces replacement and custom parts and accessories.
“The automotive industry faces multiple challenges on many fronts, the opportunity to spend time with Rep. Stevens, and give her some insight into these issues from a firsthand perspective is something we were very proud to do,” said Ted Hughes, MAHLE’s director of marketing. “Her attentiveness during our time together, and willingness to understand how our world is changing was a credit to her and her priorities."
If you would like to host your member of Congress or their staff at your business, please contact Christian Robinson at christianr@sema.org.
Thu, 10/15/2020 - 09:17
By Della Domingo
 |
The SEMA Hot Rod Industry Alliance (HRIA) will join the second annual Deuce’s Wild Competition Car Show at the Atlantic City Convention Center in New Jersey, March 11–13, 2021. In addition to hosting an HRIA networking reception and sponsoring a Hot Rod Alley in the event’s new manufacturer’s midway, SEMA and HRIA will also present the new $7,500 “Build of the Show” award.
“HRIA is excited to join Deuce’s Wild and make a formal appearance on the East Coast, where the hot-rod market is strong,” said HRIA Chairman Jeff Major of Bed Wood & Parts. “There are hundreds of companies and builders who we never get the chance to meet with, and who may not be familiar with SEMA or the HRIA. We are excited to share with them how the association and council helps the hot-rod industry.”
Joining SEMA with a booth in Hot Rod Alley will be 10 HRIA member manufacturers. Each manufacturer will contribute $500 toward the “Build of the Show” award, and SEMA/HRIA will contribute $2,500 for a total award of $7,500.
“We had a great turn out at our inaugural Deuce’s Wild Car Show early this year, and with SEMA and HRIA supporting the 2021 event, we anticipate that it will be even better,” said Deuce’s Wild organizer and award-wining hot-rod builder Ed Denkenberger. “The hot-rod market in this northeast area has been longing for a SEMA presence for many, many years, and I am so proud that Deuce’s Wild and GPK Auctions have a hand in making it happen.”
GPK Auctions holds one of the longest-running classic-car auctions on the east coast, and provides the venue for the Deuce’s Wild event.
HRIA volunteers are currently reaching out to member manufacturers to confirm companies for the 10 available booths in Hot Rod Alley. HRIA manufacturers who are interested in participating may also reach out to HRIA SEMA staff liaison Jim Skelly at jimsk@sema.org.
Thu, 10/15/2020 - 09:17
By Della Domingo
|
The SEMA Hot Rod Industry Alliance (HRIA) will join the second annual Deuce’s Wild Competition Car Show at the Atlantic City Convention Center in New Jersey, March 11–13, 2021. In addition to hosting an HRIA networking reception and sponsoring a Hot Rod Alley in the event’s new manufacturer’s midway, SEMA and HRIA will also present the new $7,500 “Build of the Show” award.
“HRIA is excited to join Deuce’s Wild and make a formal appearance on the East Coast, where the hot-rod market is strong,” said HRIA Chairman Jeff Major of Bed Wood & Parts. “There are hundreds of companies and builders who we never get the chance to meet with, and who may not be familiar with SEMA or the HRIA. We are excited to share with them how the association and council helps the hot-rod industry.”
Joining SEMA with a booth in Hot Rod Alley will be 10 HRIA member manufacturers. Each manufacturer will contribute $500 toward the “Build of the Show” award, and SEMA/HRIA will contribute $2,500 for a total award of $7,500.
“We had a great turn out at our inaugural Deuce’s Wild Car Show early this year, and with SEMA and HRIA supporting the 2021 event, we anticipate that it will be even better,” said Deuce’s Wild organizer and award-wining hot-rod builder Ed Denkenberger. “The hot-rod market in this northeast area has been longing for a SEMA presence for many, many years, and I am so proud that Deuce’s Wild and GPK Auctions have a hand in making it happen.”
GPK Auctions holds one of the longest-running classic-car auctions on the east coast, and provides the venue for the Deuce’s Wild event.
HRIA volunteers are currently reaching out to member manufacturers to confirm companies for the 10 available booths in Hot Rod Alley. HRIA manufacturers who are interested in participating may also reach out to HRIA SEMA staff liaison Jim Skelly at jimsk@sema.org.
Thu, 10/15/2020 - 08:57
By Ashley Reyes
A cool project vehicle will make the cover of magazines and even go viral on social media, but the builders are often the unsung heroes. Get to know and hear from some of the industry’s top vehicle builders by taking part in a SEMA360 Education Seminar.
Taking place 100% online, November 2–6, SEMA360 is the new trade-only event for the automotive specialty-equipment industry that is focused on new products, feature vehicles, education and manufacturer/buyer connections. Over the course of five days, the Education Seminar program will include more than 30 sessions all available at no additional cost to those who are already signed up for SEMA360.
Below are four must-attend seminars featuring builders as they share how they started in the industry, the challenges they’ve faced and what they see for the future. These sessions will help inspire other builders, while providing others in the industry with insight and knowledge as well. All sessions and registration for SEMA360 can be found at www.sema360.com.
Tuesday, November 3
9:00 a.m.–9:20 a.m. (Pacific) – Brew Talks: Builders Edition
Moderator: Kyle Tucker, Detroit Speed and Engineering Inc.
Speakers: Sabra Johnson (City Classic Cars), Jeremiah Proffitt (Proffitt’s Resurrection Land Cruisers)
Tuesday, November 3
10:00 a.m.–10:45 a.m. (Pacific) – Off Road Builders Panel—Powered by TORA
Moderator: Sean Holman, MotorTrend Group
Speakers: Doug DeBerti (Deberti Design), Jeremiah Proffitt (Proffitt’s Resurrection Land Cruisers), Sara “Bogi” Lateiner (Bogi’s Garage)
Thursday, November 5
8:00 a.m.–8:45 a.m. (Pacific) – Hot-Rod Builders Panel—Powered by HRIA
Moderator: Rick Love (Vintage Air Inc.)
Speakers: Bobby Alloway (Alloway’s Hot Rod Shop), Brian Brennan (In The Garage Media), Kyle Tucker (Detroit Speed and Engineering Inc.)
Friday, November 6
10:00 a.m.–10:45 a.m. (Pacific) – Automotive Restoration Builders Panel—Powered by ARMO
Moderator: Sabra Johnson (City Classic Cars)
Speakers: Steve Cook (Steve Cook Creations), Art Morrison (Art Morrison Enterprises), Dan Short (FantomWorks)
Sign up for seminars when registering for SEMA360 at www.sema360.com. Those who are already signed up for SEMA360 can access their accounts to add these seminars by visiting www.sema360.com.