If you want to download the Small Business Administrations data on 4.9 million coronavirus relief recipients, get ready for a computer crash. Theres that much data.
This spring, the SBAs Paycheck Protection Program provided $520 billion in forgivable loans so small businesses could continue paying employees as the coronavirus became a cement block around the economys neck. Politicians of all stripes demanded more transparency, so details on larger loan recipients were released earlier this month.
Its still transparency even if its granted grudgingly.
The SBA released the names of PPP recipients that received between $150,000 to $10 million in funds, which accounted for about 75% of the companies that took benefits. Companies that received smaller amounts were not identified.
Nationally, it makes for interesting reading. Recipients of coronavirus relief funding include a foundation linked to anti-tax activist Grover Norquist, Ruths Chris steakhouse, the Church of Scientology and friends and family of Jared Kushner, Nancy Pelosi and Kanye West.
Closer to home, the big news isnt powerful connections but the sheer volume of federal money that poured into St. Joseph in a short period of time.
SBA data shows that $48 million to $118 million in federal funding supported 138 St. Joseph companies, from manufacturers, contractors and machine shops to nonprofits and professional services firms. These companies, firms and organizations employed at least 6,000 people, by conservative estimates.
Those were just the largest recipients. In total, 800 St. Joseph businesses may have received funding. Thats not counting those that indirectly capitalized on government stimulus efforts through enhanced unemployment benefits for furloughed employees, all because of the coronavirus.
This suggests an unprecedented level of federal support for the economy. Even the Ayn Rand Institute in California took a check, although its leadership had something deep and philosophical to say about it.
In the coming months, there will be a time to ask hard questions about oversight of the PPP, how this money was spent and whether some of these well-connected recipients took advantage of the system. After all, the PPP was a rush job involving a fire hose of money.
It will be equally important to look at what happens next. The vast sums of the PPP tended to obscure that reality that this program was short-lived, an eight-week bridge to get businesses to the other side of troubled waters.
Theyre there now, but what happens next? On a local level, the list of recipients points not to political influence or scandal but to survival in unprecedented times. The need to survive doesnt go away.
Read the original here:
- People Share the Book Titles That Would Make Them Walk Out of a First Date - Newsweek - May 11th, 2021
- Zack Snyder Has Delayed The Fountainhead Because He Thinks It Will Freak Everyone Out - MovieWeb - May 11th, 2021
- Rushs music taught me that I could grow, that I could change - The Globe and Mail - May 7th, 2021
- These COVID-19 patients coped with isolation and anxiety in their own uplifting ways - The Hindu - May 7th, 2021
- Climate targets must be realistic -- and demand the impossible - The Harvell gazette - May 7th, 2021
- Emily at the Edge of Chaos Peering over the precipice [MOVIE REVIEW] - Easy Reader - May 4th, 2021
- THE TEACHER'S DESK: We're almost there | Columns | thetimestribune.com - Times Tribune of Corbin - April 11th, 2021
- Allison Hanes: Laissez-faire fatalism seems to have infected Legault - Montreal Gazette - March 31st, 2021
- Letter: Re: Ethan Orr's Article on the Middle Class - Arizona Daily Star - March 31st, 2021
- Reaching Active Minds: Ayn Rand and the Ford Hall Forum - New Ideal - March 25th, 2021
- In Mosaic's darkly funny 'Inherit the Windbag,' an epic bickerfest (ep. 3) - DC Metro Theater Arts - March 25th, 2021
- Ralph Nader on Corporatism's Threat to Democracy - Progressive.org - March 25th, 2021
- There is such a thing as society: it has overcome Covid and restored the truth - TheArticle - March 20th, 2021
- Letter to the editor | UPJ nowhere to be found on Outlier site - TribDem.com - March 20th, 2021
- Talks of replacing Woody Allen in Ann Arbor mural reignited after new documentary - MLive.com - March 20th, 2021
- We wince; therefore, we are | Our Readers Speak | register-herald.com - Beckley Register-Herald - March 20th, 2021
- Why We Need Shakespeare and Beethoven - The Dispatch - March 20th, 2021
- B1G tourney preview: After 20 wins in NCAA regular season, Gophers still have something to prove in playoffs - Brainerd Dispatch - March 20th, 2021
- The Worst Ted Cruz Moments in History - Dallas Observer - March 20th, 2021
- The Books That Shaped Tina Howard and Teas to Pair With Them - Fort Worth Magazine - March 7th, 2021
- Are You Bullish or Bearish on America and Wall Street? - Stock Investor - March 7th, 2021
- Satire: Why two beers is the perfect amount - The State Press - March 7th, 2021
- Elon Musk and Amber Heard: How Did the Two Celebrities Meet? - Showbiz Cheat Sheet - March 7th, 2021
- CPAC Exposed the GOP's Fight for the Working Class as Just Another Culture War | Opinion - Newsweek - March 7th, 2021
- An Excerpt From 'Peter and the Wolves' by Adele Bertei on the Brief, Brilliant Life of Peter Laughner - Cleveland Scene - February 10th, 2021
- Our nation has never fully agreed on much, but it hasn't always torn itself apart | TheHill - The Hill - February 8th, 2021
- Paul and Romney embarrass themselves by lashing out at trans athletes - Outsports - February 8th, 2021
- Why Telling Students to 'Trust the Experts' Is Poor Advice | Caroline Breashears - Foundation for Economic Education - February 8th, 2021
- Liz was Isolated as a Felon on the Run, Transitioning Alone: Nick Cammilleri and Zackary Drucker on Their HBO Docuseries The Lady and the Dale -... - February 8th, 2021
- Letter: Pleased that Newhouse defended Constitution | Letters To Editor | yakimaherald.com - Yakima Herald-Republic - January 29th, 2021
- The more I practice, the better my luck - Las Cruces Bulletin - January 29th, 2021
- Geddy Lee on the Genius of Neil Peart - Rolling Stone - January 29th, 2021
- The Lady and The Dale | Review - The GATE - January 29th, 2021
- Ayn Rand on Morality and the Misuse of Political Power - New Ideal - January 27th, 2021
- 'The Lady and the Dale': TV Review - Hollywood Reporter - January 27th, 2021
- Closer to the park: St. Catharines commissions artwork to honour Rush drummer Neil Peart - The Globe and Mail - January 27th, 2021
- No more echo chambers: the internet's best left-wing thinkers - Spectator.co.uk - January 27th, 2021
- Currencies get back to the task at hand - FXStreet - January 27th, 2021
- Wikipedia is the last bastion of idealism on the internet Prospect Magazine - Prospect Magazine - January 27th, 2021
- article image Op-Ed: Investors making big money, but where are the trillions going? - Digital Journal - January 19th, 2021
- Unmasking the Deceased Programmer Who Donated 28 Bitcoin to Capitol Hill Rioters - Crypto Briefing - January 19th, 2021
- An Expert Explains the US Capitol Hill riot: anatomy of an insurrection - The Indian Express - January 15th, 2021
- PERRY: Mayor Coffman's mock-homeless close-up highlights the danger of unreality TV - Sentinel Colorado - January 15th, 2021
- The Meaning Of Work For A Happy Life (And New Year) - Forbes - January 15th, 2021
- Is It Selfish to Never Wear a Mask? - New Ideal - October 22nd, 2020
- Ayn Rands power isnt dimmed by the collectivist age of the pandemic - Telegraph.co.uk - October 20th, 2020
- What Tech Calls Thinking: Book Review | by Joshua Adams | Oct, 2020 - Medium - October 20th, 2020
- Welcome to Dystopia: 45 Visions of What Lies Ahead - Morning Star Online - October 20th, 2020
- The Dictatorial Impulse Behind the Shaming of PPP Recipients - New Ideal - July 21st, 2020
- Instead Of Open Or Closed, Dial Your Mind To Active - Forbes - July 21st, 2020
- Big problems with the Paycheck Protection Program? - The Week - July 21st, 2020
- Finally: Diamond and Silk are releasing a book - The Spectator USA - July 21st, 2020
- Tagore's Gora to Krishnamurthy's Ponniyin Selvan: Add these regional language books to your reading list - India Today - July 21st, 2020
- When MGM and the FBI Chased 'The Father of the Atomic Bomb' - WhoWhatWhy - July 21st, 2020
- What's Wrong With Ayn Rand's Philosophy? - The Objective ... - July 13th, 2020
- In sign of the times, Ayn Rand Institute approved for PPP loan - Reuters - July 13th, 2020
- 'We Took PPP Funds and Would Do It Again' - New Ideal - July 13th, 2020
- Auchter's Art: The confusing narrative of Betsy DeVos - Michigan Radio - July 13th, 2020
- Wisconsin school board member asked to resign after posting that 'George Floyd is drug free for 2 months' - Milwaukee Journal Sentinel - July 13th, 2020
- Tips and Murmurs: Ayn Rand Institute gets government handout - Crikey - July 13th, 2020
- Local anti-tax groups find even they need big government aid sometimes - Seattle Times - July 13th, 2020
- Climbing aboard the PPP train | Opinion | citizensvoice.com - Wilkes-Barre Citizens Voice - July 13th, 2020
- Prominent and politically connected Austin firms among those getting bailout loans - Austin American-Statesman - July 13th, 2020
- Indiana PPP loan recipients: See the full searchable list of who received them - Courier & Press - July 13th, 2020
- Mississippi PPP loan recipients: See the full searchable list of who received them - Hattiesburg American - July 13th, 2020
- Paycheck Protection Payouts Give Taxpayers Plenty To Ponder | K. Lloyd Billingsley - The Beacon - July 13th, 2020
- Whats the Deal With Parler and its Rising Popularity? - The Wire - July 13th, 2020
- We Talked With the Cast of 'Brave New World'! - The Mary Sue - July 13th, 2020
- Remember to find a reason to smile - News from southeastern Connecticut - theday.com - June 24th, 2020
- Shockingly, Law School Named For Affirmative Action Opponent Bad At Race And Diversity - Above the Law - June 24th, 2020
- When Tribal Journalists Try to 'Cancel' Ayn Rand (Part 2) - New Ideal - June 20th, 2020
- Understanding the Reactionary Outlook - Merion West - June 20th, 2020
- I visited the secret lair of the Ayn Rand cult - Haaretz - April 18th, 2020
- Ayn Rand's dystopia is here right now and 'Atlas' is shrugging - Fox Business - April 18th, 2020
- Rugged Individualism in Times of Pandemic Endangers Human Life Everywhere - The Good Men Project - April 18th, 2020
- The very American conflict between liberty and lockdown - The Week - April 18th, 2020
- Kelly Loeffler Knows What Socialism Is, And It Is 'Opposing Insider Trading' - Wonkette - April 18th, 2020
- OP-ED | The Era of Small Government is Over - CT News Junkie - April 18th, 2020
- Facebook's Libra Association tries again at this digi-cash game, with more modest ambitions after global flop - The Register - April 18th, 2020
- Gangster in the White House: Noam Chomsky on COVID-19, WHO, China, Gaza and Global Capitalism - Democracy Now! - April 18th, 2020