Passage of $1.9 Trillion Stimulus Package Pushes Stock Market to Record High
“The retail industry will get another boost from the $1.9 trillion stimulus package that the Brookings Institution says will increase GDP to predicted pre-pandemic levels,” said Mitch Gould, founder and CEO of the Boca Raton-based Nutritional Products International. “Without it, the Brookings Institution said real GDP would ‘remain below the pre-pandemic level for the next several years.’”
The Brookings Institution, which is a nonprofit public policy organization, said the economy would “face substantial headwinds” without “additional federal resources to contain the resurgence of the pandemic and distribute vaccines.”
The Biden package includes $300-per-week in expanded unemployment benefits through Sept. 6, a $1,400 stimulus check for millions of Americans, an increased child tax credit, additional subsidies for Obamacare, funding for vaccine distribution, money for local governments, and aid for businesses, including restaurants and live venues.
“The American economy, especially many sectors in the retail industry, showed great resilience during the pandemic,” Gould said. “The stimulus checks expanded unemployment benefits, and the Paycheck Protection Program all helped Americans during the past 12 months and kept the economy afloat and bounce back.”
Gould said the latest stimulus package from the Biden administration should keep the country moving forward and help the retail industry by putting needed money into the hands of millions of consumers.
“We now have more than 2 million people a day getting vaccinated. We need to get everyone vaccinated to stay ahead of the new variants of COVID-19,” Gould said. “The stimulus package helps, but beating COVID-19 will be the knockout punch to get us back on track to the pre-pandemic robust economy.”
Gould’s company, Nutritional Products International, works with domestic and international health and wellness companies seeking to take advantage of the 2021 economic rebound and expand their businesses in the United States.
“I have talked to dozens of executives in the past six months,” Gould said. “Many of them want to sell their brands in the strongest consumer market in the world. We are laying the groundwork with our clients to take advantage of the business boom that is just around the corner.”
To help these companies, Gould developed the “Evolution of Distribution” platform that puts all the services a brand needs to sell their products in America.
“NPI offers sales professionals, marketing services, and other necessary services to its clients,” Gould said. “NPI is a cost-effective, one-stop turnkey process to sell products in the U.S.”
Gould has assembled a management team with more than seven decades of retail experience.
In addition to Gould’s 30 years of promoting all categories of consumer goods, NPI’s executive team includes Jeff Fernandez, who has worked as a buyer for Amazon and Walmart, and Kenneth E. Collins, formerly of Glanbia Performance Nutrition and now executive vice president of NPI.
Gould, Fernandez, and Collins form a “powerhouse trifecta” of retail experience and knowledge.
“We have the experience, we have the knowledge, and we have the contacts to introduce new brands and products to the retail world,” Gould said.
For more information, visit Nutritional Products International online.
MORE ON NPI AND ITS FOUNDER
NPI is a privately held company specializing in the retail distribution of nutraceuticals, dietary supplements, functional beverages, and skincare products. NPI offers a unique, proven approach for product manufacturers worldwide seeking to launch or expand their products’ distribution in the U.S. retail market.
Mitch Gould, the founder of NPI, is a third-generation retail distribution and manufacturing professional. Gould developed the “Evolution of Distribution” platform, which provides domestic and international product manufacturers with the sales, marketing, and product distribution expertise required to succeed in the world’s largest market — the United States. Gould, known as a global marketing guru, also has represented icons from the sports and entertainment worlds such as Steven Seagal, Hulk Hogan, Ronnie Coleman, Roberto Clemente Jr., Chuck Liddell, and Wayne Gretzky.