Posts Tagged Paycheck Protection Program

May
12
2022

The Restaurant Revitalization Fund Should Have Stronger Oversight if More Funds are Approved

The American Rescue Plan included a program meant to keep small businesses owned by disadvantaged groups in the restaurant industry open during the height of the pandemic. The $28.8 billion grant program—known as the Restaurant Revitalization Fund—gave money to over 100,000 businesses, with some grants going as high as $10 million.
Apr
14
2022

Covid Stimulus Watch Now Contains Recipient Data from the American Rescue Plan

Covid Stimulus Watch now includes recipient data from the 2021 American Rescue Plan Act (ARPA). We’ve added more than 123,000 entries that amount to almost $8 billion across 15 ARPA programs.

Mar
16
2022

Sunshine Week: Transparency and Pandemic Spending

President Biden announced in this State of the Union Address that the Department of Justice will appoint a chief prosecutor responsible for investigating pandemic fraud.  

Jan
25
2022

PPP Loan Forgiveness Disclosures Reveal Many Dubious Beneficiaries

The Paycheck Protection Program (PPP), part of the original federal stimulus package, the CARES Act, was meant to keep workers on the job and small businesses alive during a time of financial uncertainty. But did it work? The answer to that may be unclear, but nearly all the loans - over 80% - have been forgiven.

Dec
10
2020

WORKPLACE WARNINGS: The Need for a New and Improved Paycheck Protection Program

More than 190,000 American workers have been laid off since March across 1,900 companies that received loans through the Paycheck Protection Program (PPP). The companies intended to support 251,000 workers – instead, they laid off 76 percent of them. About one in eight of those workers lost their jobs permanently.