The U.S. Small Business Administration (SBA) will be accepting applications for the Economic Injury Disaster Loan (EIDL) program for businesses adversely impacted by COVID-19. The U.S. Congress approved, and President Trump signed into law a stimulus package that provides another $20 billion for the EIDL program and extends the program through December 31, 2021 (subject to availability of funds).
The SBA issued 3.6 million EIDL loans totaling $197 billion to provide working capital and to cover normal operating expenses in 2020. The loans are available to small businesses, non-profits, sole proprietors and independent contractors. The loans have a 3.75% interest rate for small businesses and 2.75% interest rate for nonprofit organizations, a 30-year maturity, and an automatic deferment of one year before monthly payments begin. Please note, the EIDL Advance program is no longer available—a forgivable grant program that provided $1,000/employee, up to $10,000.
On December 30, 2020, California began accepting applications from small businesses and nonprofits seeking funds from the state’s $500 million Small Business COVID-19 Relief Grant Program. The program is being administered by the Governor’s Office of Business and Economic Development. Applications are due January 13, 2021.
Grant recipients will be awarded between $5,000 and $25,000 based on annual revenue from the most recent tax return. Eligible recipients with annual revenue of $1,000 to $100,000 may be awarded $5,000. Those with revenue over $100,000, up to $1 million, may receive $15,000. If a recipient’s revenue is greater than $1 million, up to $2.5 million, it may receive $25,000. Funds may be used to cover eligible expenses incurred during the COVID-19 pandemic, such as payroll expenses, working capital, costs associated with reopening, and COVID-19 mitigation expenses.
Applicants will be scored based on priority criteria, including geographic distribution based on California’s Blueprint for a Safe Economy and county status in the Regional Stay at Home Order; impact of COVID-19 on the applicant’s industry sector; and underserved small business groups served by the State supported network of small business centers.
A second round of grants will be announced at a later date and based on available funds. Governor Gavin Newsom has proposed adding $575 million to the program.
The $900 billion federal stimulus law enacted in late December includes $284 billion for first and second Paycheck Protection Program (PPP) loans and a simpler one-page loan forgiveness application form. SEMA members are invited to learn more about the new law during a webinar on Tuesday, January 19, at 11:00 a.m. (PST). Details:
New Stimulus Law: More PPP Loans, an Easier Loan Forgiveness Application, and Other Big Changes That Impact Your Business
There is another round of PPP, but are you eligible?
If you have an existing PPP loan, can you request an increase?
The definition of “forgivable” expenses has been expanded.
Forgiveness of PPP loans was made a lot easier.
Why Certain SBA Loans just became much more attractive.
The Employee Retention Tax Credit has been expanded.
Jill Gregory Named Executive Vice President and General Manager at Sonoma Raceway
NASCAR executive and sports marketer Jill Gregory has been named the new executive vice president and general manager at Sonoma Raceway, as announced by Speedway Motorsports President and Chief Executive Officer Marcus Smith. Named by Adweek as one of “The Most Powerful Women in Sports” for the past two years, Gregory assumes leadership of the historic 1,600-acre property. She will follow Steve Page, who announced his retirement last August after nearly three decades at the track’s helm. Gregory is currently the executive vice president and chief marketing and content officer at NASCAR and the managing executive of the company’s Charlotte-based operations.
Superstar Racing Experience Announces 2021 SRX Schedule
Superstar Racing Experience (SRX) and CBS Sports have announced the full 2021 schedule for the new six-race, short-track series set to debut on June 12 at Stafford Motor Speedway in Stafford Springs, Connecticut. After the inaugural race at Stafford, SRX will head to Knoxville Raceway in Iowa on June 19, before visiting Tony Stewart’s Eldora Speedway in Ohio the following week. In Indiana, Lucas Oil Raceway will kick off the holiday weekend in early July, before a race at Slinger Speedway in Wisconsin. The inaugural season’s final and championship race will take place at the Nashville Fairgrounds Speedway on July 17. Races will air on six consecutive Saturday nights at 8:00 p.m. (EDT) on CBS Television Network and CBS All-Access throughout the summer of 2021. For more information and the complete schedule, visit www.srxracing.com.
ARCA Menards Series East, West Reveal 2021 Schedules
Officials have released the 2021 schedules for the West and East ARCA Menards Series. The 2021 season will mark the two series' second year on the ARCA Menards platform. The ARCA Menards Series West will mark the series’ 67th running season with a nine-race schedule featuring third-mile bullrings, one-mile ovals, and road courses. The West schedule will begin in March at Phoenix Raceway in Avondale, Arizona, with a combination race with the ARCA Menards Series. The West championship will be crowned back at Phoenix as part of the NASCAR Championship Weekend. For the complete ARCA Menards Series West 2021 schedule, visit the ARCA website.
The 2021 ARCA Menards Series East schedule will feature eight races over eight premier short tracks. The season will begin with a pair of Florida events in February and crown the East champion at Bristol Motor Speedway. The trip to “Thunder Valley” will be the third consecutive race run as a combination event ARCA Menards Series to close the East Series season. For the complete ARCA Menards Series East 2021 schedule, visit the ARCA website.
Jost Capito
Jost Capito Joins Williams F1 as CEO
Williams Racing has announced the appointment of Jost Capito as its new chief executive officer. He will officially join the Formula 1 team on February 1. Capito has enjoyed a wide and varied career spanning over four decades in the automotive and motorsports industries. Reporting to Williams Chairman Matthew Savage, Capito will be responsible for the day-to-day running of the company. After beginning his motorsports career as a driver in the mid-’70s, Capito held positions with BMW M GmbH, Porsche to manage its racing programs, and Sauber Petronas Engineering’s executive committee. He subsequently joined Ford in 2001, where he was Ford Europe’s Motorsport Director. In this role, Capito helped to win the WRC manufacturers’ titles in both 2006 and 2007. In 2012, he joined Volkswagen as motorsport director, and, after a brief stint at McLaren, was chosen to lead Volkswagen R GmbH, the department in charge of the company’s performance cars. As part of the announcement, Williams Racing has also confirmed that Simon Roberts will officially take on Team Principal’s role, reporting to Capito.
Evan Bader
Evan Bader Promoted to Track Manager at Summit Motorsports Park
Summit Motorsports Park in Norwalk, Ohio, has announced that Evan Bader has been named track manager. Bader began working part-time at the famed family-owned facility when he was 10 years old and transitioned to full-time upon graduating in 2016 with a degree in sport management and public relations from Ohio Northern. He has held several roles throughout the years, including race operations, marketing, and announcing. As track manager, Bader will organize and oversee all on-track operations, including preparing the track surface, which underwent a $1.6 million reconstruction in 2018. He will ensure that supplies are available and equipment is accessible and work alongside a team to present a prepared track surface for all types of vehicles and all horsepower levels. Bader will also create new events, develop racer programs, expand the track rental side of live events, and marketing.
Ace Racing has joined the Holley NMRA Ford Nationals as the
sponsor of the Spring Break Shootout category.
Ace Racing Sponsors Spring Break Shootout Class
The Holley NMRA Ford Nationals has announced Ace Racing has joined the national event series as the sponsor of the Spring Break Shootout category, to be held March 4–7, 2021 at Bradenton Motorsports Park in Bradenton, Florida. The Ace Racing Spring Break Shootout category features some of the quickest street-style Mustangs in the country, competing for the honor of Spring Break Shootout champion. The category typically attracts more than 140 QA1 True Street cars vying for a spot in the Quick 16 shootout. To be eligible for the Ace Racing Spring Break Shootout class, competitors must meet all QA1 True Street rules, compete in the True Street class on Saturday, and make all three True Street passes. The 16 competitors who have the quickest 3-pass averages on the final results will be placed on a sportsman ladder for Sunday’s heads-up eliminator. Visit www.NMRAdigital.com/FL for more information about the Spring Break Shootout’s online ticket sales, racing rules, payouts and spectator information.
Retired Sprint Car Driver Takes Ownership of Port City Raceway
In a partnership with car owner Kevin Rudeen, Shane Stewart is now the new owner of Port City Raceway. The micro sprint race track in Tulsa was first opened in 1974. Stewart, a veteran sprint car driver, will retire from competition to focus on the new role. The previous owners, the Ross and Eubanks families, will still be heavily involved with the day-to-day and race day operations to ensure a successful transition.
Platinum status represents SDC manufacturers that have achieved the pinnacle of product data by putting in the extra effort to provide resellers with the most complete data sets available.
Aeromotive Phantom Series: 2005-2017 GM Truck Direct Drop-In Pump Options
The 2005-2017 models used a larger factory fuel sending unit than the earlier 1999-2004 models. The larger size allows for more pump configurations than the earlier models. These tanks will accommodate; single 340, dual 340, and single 450, dual 450, and triple 450 pump configurations. The Silverado and Sierra tanks have a tank depth of approximately 12.625”, while the other models are more shallow and have depths around 8.25”. The new system will accommodate both of these tank depths. The 2500 truck models can have a deeper tank up to 17.00”; the system will also accommodate these depths as well. This product is not legal for sale or use on emission-controlled vehicles except when used as a direct replacement part matching OEM specifications.
American Car Craft Jeep Wrangler Accessories
American Car Craft designs and manufactures exceptional & unique high-quality aftermarket accessories for Jeep Wrangler. These precision-crafted Jeep Wrangler Accessories are an easy peel-and-stick install over the A/C vents. Fits all 2007-2018 Jeep Wrangler JK & 2018+ JL models. Our Jeep accessories are made from premium stainless steel that will not tarnish, fade, or rust. The kits include 4 A/C vent plates with 3M permanent adhesive backing. Laser-cut from brushed stainless steel with a polished bezel trim ring and then laser-etched with design.
FAST Supercharger and Cam Power Packages for GM LS Engines
An Edelbrock Supercharger Kit and COMP Cams Cam Kit is the perfect pairing for performance enthusiasts looking for 850+ HP potential from their GM LS engines. FAST Supercharger & Cam Power Packages include a pump gas compatible supercharger pulley for break-in, initial tuning and general driving with other smaller pulleys also included for use with race fuel or E85. Additional pulleys and equipment are available for further fine tuning boost levels.
The Edelbrock Supercharger Kits include a 2300 TVS supercharger with an integrated intercooler. The intercooler is a high capacity, dual bar and plate design that enables big power gains through lower inlet air charge temps.
Also included is a COMP Cams application specific CK-Kit that contains a proprietary Low Shock Technology Camshaft designed specifically for GM LS supercharger applications, along with complementing pushrods, dual valve springs, tool steel retainers, locks, seats, seals and installation hardware.
LEED Ford Mustang Power Booster Kit
Upgrade your disc brake, factory manual transmission 64-66 Mustang to power brakes and dual bowl master cylinder! With a factory look this kit is designed to work with no modifications to your factory strut tower and export brace. In this power brake booster kit, you receive a 7" booster, mounting brackets, installation hardware, dual bowl master cylinder, brake pushrod, adjustable proportioning valve, which allows you to fine tune the amount of pressure your rear brakes receive in order to prevent rear wheel lockup. You’ll also receive the brake lines necessary to route from the new master cylinder to your factory 3 port distribution block and step-by-step installation instructions.
Note: Kit will only fit vehicles with factory manual transmission "Z Bar" linkage.
RHS 6 Bolt Heads
RHS Pro Elite CNC-Port 6-Bolt Cylinder Heads for GM LS3 Engines utilize the popular LS 6-bolt head design, making them compatible with the RHS® LS Race Block, GM LSX Block and OEM 4-bolt blocks.
These heads include an 11 (degree) valve angle and fully CNC-machined ports for improved airflow. The CNC-machined runners and chambers increase overall flow capability, while the revised water jacket design enhances thermal conductivity. Premium bronze valve guides hold precision tolerances on valve seat concentricity and the .700” thick deck and reinforced rocker rails make these cylinder heads ideal for high horsepower and boosted LS3 applications.
All RHS cylinder heads feature patented Clean Cast Technology which eliminates casting flaws and promotes a smoother internal surface finish for greater air and coolant flow. These benefits provide more power and cooling, right out of the box.
Schedules are being prepared for more than 150 media members who have signed up to attend the 2021 SEMA MPMC Media Trade Conference, taking place entirely online January 26–28. Completed schedules will be emailed next week to participating manufacturers and all media who signed up before the priority deadline.
Each schedule is personalized to the media group and allows media and manufacturers to meet one-on-one for private, virtual interviews. Media will be able to connect with more than 80 of the top motorsports parts manufacturers in the industry. Top product specialists and company representatives will be on hand to share news about the latest products and give journalists a year’s worth of editorial content.
Journalists who have not yet signed up may still be able to secure a schedule filled with high-quality interviews throughout the three-day event.
Register now, or contact John Santos at johns@sema.org.
Longtime SEMA employee David Block passed away November 25, 2020, due to ongoing health issues. He worked for SEMA from 2003 until his retirement in 2019.
Block was known for his helpful nature and positive attitude among SEMA members and coworkers. He started his career at SEMA in the membership department, answering questions and helping companies take advantage of SEMA benefits.
In 2010, Block transitioned to SEMA News ad/sales coordinator, where he was a key contact with companies advertising in the magazine and at the SEMA Show.
His final resting place is next to his mother’s grave in his home state of Michigan.
Are you hunting for a new job? The SEMA Career Center has a comprehensive listing of automotive-related job openings around the country. Here are some of the latest jobs posted to the website.
Inside Sales/Customer Service Assistant Viair is hiring an inside sales/customer service assistant to provide daily sales, customer service and administrative support. Successful candidates should have a track record of providing outstanding customer service with knowledge of the automotive and/or Industrial market segments, and some previous experience in sales.
Engine Builder Canepa is hiring an engine builderspecializing in Porsche and Ferrari with extensive experience in all aspects of engine building, including diagnosis, functions, machining, repair, rebuilding and tuning. Knowledge of fuel systems, from carburetion to modern fuel injection, is required. Candidates must also have high-performance/race engine experience, dynamometer experience, excellent oral and written communication skills and strong interpersonal relation skills.
Marketing Associate GAHH LLC is hiring a marketing associate to help overall marketing efforts, with an emphasis in website content. The ideal candidate will be able to create content through photography and populating images on the website. Magento, social media, online advertising and search engine optimization (SEO) experience are helpful. This position requires some travel. Automotive parts and accessories experience is a plus.
SEMA eNews highlights SEMA-member companies’ websites weekly through the Hot Links to Cool Sites section. SEMA members: To be included in Hot Links to Cool Sites, email your company name and website to enews@sema.org. Note: Make sure to include “Hot Links” in the subject line of the email.
Longtime SEMA employee David Block passed away November 25, 2020, due to ongoing health issues. He worked for SEMA from 2003 until his retirement in 2019.