The program has about $132 billion in funding remaining. As was the case after the first round of the Paycheck Protection Program last summer, the states top recipients so far include restaurants, doctors and dentists offices, legal practices, construction companies, car dealers, hotels and religious organizations. The fate of Amtraks Gulf Coast return rests with a federal board, They couldve picked Elijah Moore, but Saints drafted Payton Turner. PAW Patrol Wasn't Canceled. by Alex Rozier, Mississippi Today April 30, 2021, This and is republished here under a Creative Commons license.. Those loans represent nearly three-fourths of total loan dollars approved, but a far smaller proportion of the number of actual loans. In Mississippi, 17 businesses received loans between $5-$10 million, the highest range of funding. Mississippi businesses that applied for and received a loan as part of a national effort to save small companies during the coronavirus pandemic is now public information. Most did not respond. - Science Based Medicine, O'Donnell: Will the NBA's new red-light camera calls ruin The Finals for ABC/ESPN? Those in excess of $150,000 break down as follows: $5M - $10M: 16 Recipients. The SBA released other details about the program Monday, including: The PPP's goal is to offer forgivable loans to smaller businesses, helping them to stay afloat and employees to maintain their jobs as the coronavirus puts the U.S. economy on hold. Dozens of private and charter schools got aid. - Houston Chronicle, The Simpsons' Playdate With Destiny Short Was A Product Of Serendipity - /Film, Filthy Animals Pries Open The Violent, Animalistic Notions In Human Relationships - Gaysi, How Isabel Paterson Helped Ayn Rand Find Atlantis - The Objective Standard, Where Is 'The Anarchists' Star Jason Henza Today? 2023 Magnolia Tribune. Wall Street investment groups, including Semper Capital Management LP and Domini Impact Investments LLC, which manage billions of dollars, also received PPP loans according to Reuters. Based on data from National Weather Service and OpenWeather. His work has appeared in the Boston Globe, Open Secrets, and on NBC.com. In fact, McDonalds, Sonic, Applebees and General Motors each received more in loans for their Mississippi locations than any of the states non-franchise businesses. President Donald Trump signed the federal CARES Act into law in late March, sending states billions of dollars to help people impacted by the coronavirus. A total of 45,812 loans were distributed to Mississippi leading to a reported 412,461 jobs being retained. Larger and public companies initially took advantage of loosely written language to tap the funds for themselves. Any web site our stories appear on must include a contact for your organization. More than $4 billion in PPP loans have now made its way to Mississippi after Congress approved another round of federal support this year. Help keep the momentum going by rejoining our member community today. Democrats have sought assurances that programs established to help Main Street sufficiently reach those who most need it. - UnHerd, Advice: Im a woman of color often overlooked at work until people realize I outrank them - The Boston Globe, Ayn Rand | Biography, Books, & Facts | Britannica, Gen Z is looking for meaning this holiday season, but maybe not where we expect - Religion News Service, Cryptocurrency and the Shocking Revelation That White Supremacists Like Money - tntribune.com, Seahawks vs Texans Week 14 Picks and Predictions: Learning To Fly Again - Covers, Forza Horizon 5s amazing intro shows why its a huge hit on Game Pass - Polygon, Celeb Shelf: Instead of scrolling through my phone I read a book, shares actor-turned-author Jugal Hansraj - Free Press Journal. TGI Fridays, which is backed by private equity firm TriArtisan Capital Advisors, received at least $5 million. The Roman Catholic dioceses in California, New York, Nevada, Tennessee and Kentucky also received loans. According to Business Insider, you may be out of luck and too late to receive funding. Copyright 2022 PPP Directory. In Mississippi, nearly all 96% of loans were directed towards payrolls. Mississippi businesses that applied for and received a loan as part of a national effort to save small companies during the coronavirus pandemic is now public information. Mississippi businesses that applied for and received a loan as part of a national effort to save small companies during the coronavirus pandemic is now public information. Dig Deeper: See the full searchable list of who received Mississippi PPP loans. Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did. Below is a chart of the types of businesses receiving the most money in Mississippi: var divElement = document.getElementById('viz1594145011552'); var vizElement = divElement.getElementsByTagName('object')[0]; if ( divElement.offsetWidth > 800 ) { vizElement.style.width='800px';vizElement.style.height='627px';} else if ( divElement.offsetWidth > 500 ) { vizElement.style.width='800px';vizElement.style.height='627px';} else { vizElement.style.width='100%';vizElement.style.height='727px';} var scriptElement = document.createElement('script'); scriptElement.src = 'https://public.tableau.com/javascripts/api/viz_v1.js'; vizElement.parentNode.insertBefore(scriptElement, vizElement); Some Mississippi borrowers receiving between $5-$10 million in those categories include GI Associates, a gastroenterology group in Flowood, Ridgeland-based law firm Butler Snow, and two restaurant companies, Mid River Restaurants in Natchez and The Retzer Group in Greenville. By clicking submit, you agree to share your email address with Mississippi Today. In 2019, Alex was a grantee through the Pulitzer Centers Connected Coastlines program, which supported his coverage around the impact of climate change on Mississippi fisheries. The PPP is providing much-needed relief to millions of American small businesses, supporting more than 51 million jobs and over 80 percent of all small business employees, who are the drivers of economic growth in our country, said Secretary Steven T. Mnuchin. Got a confidential news tip? - Men's Health, Readers Are Debating Over These 7 Books And Whether They're Deadset Red Flags When Dating Men - Pedestrian TV, 21 Quotes That Transformed My Life and My Business - The Good Men Project, In Times of Crisis, Is Dystopian Media Dangerous or Inspirational? - TheArticle, Is Ethereum left and Bitcoin right? This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License. Who will win? Our SBA database unveils list of 6.6M recipients Enlarge The SBA PPP loan recipient list includes more than 11.7 million loans made in the nearly $800 billion Covid-19 relief program. Several law firms, including ones with ties to President Trump (Kasowitz, Benson & Torres) and former vice president Al Gore and film producer Harvey Weinstein (Boies Schiller Flexner) also received PPP loans. CNBC's Kate Rogers, Betsy Spring, Kevin Breuninger and Kayla Tausche contributed to this report. "This money helped us bridge a gap to keep people gainfully employed," the statement said. Religious groups in the state received between $53 and $80 million, spread across 80 different organizations. Revealed: How U.S. Gov't & Hollywood Secretly Worked Together to Justify Atomic Bombings of Japan - Democracy Now! MDA Spokeswoman Melissa Scallan said MDA is currently reviewing applications and could be issuing checks as early as this week or next week. So here are the links and resources I mentioned. Several law firms, including ones with ties to President Trump (Kasowitz, Benson & Torres) and former vice president Al Gore and film producer Harvey Weinstein (Boies Schiller Flexner) also received PPP loans. If you share our stories on social media, please tag us in your posts using. If youre not able to add the byline, please include a line at the top of the story that reads: This story was originally published by Mississippi Today and include our website, You cannot republish our editorial cartoons, photographs, illustrations or graphics without specific permission (contact our managing editor. - Looper, Soul Review: Life, and How to Live It - Rolling Stone, Defending Ayn Rand's Reputation in the Media - New Ideal, Letter: Only 'We' can save the world | Letters to the Editor - Daily Herald, Pandemic and the prisoner's dilemma - DTNext, From the Rubble of Atlases, a Colossus Will Rise - The New York Times, Trump's America Remains Stuck in the Shadow of Reagan - Boston Review, The Tories are divided between libertarians and authoritarians. The bill Congress passed to replenish the program in April included $60 billion specifically for small lenders in response to concerns about businesses without a traditional banking relationship accessing loans. Your California Privacy Rights / Privacy Policy. - the ability to be paid for posting Businesses who qualified hair salons, gyms, certain retail stores and many others were supposed to be sent the $2,000 check automatically. You can only publish select stories individually not as a collection. by Alex Rozier, Mississippi Today July 7, 2020, This and is republished here under a Creative Commons license.. | Jones - PennLive, A high point of our time in southern Alberta, Canada - Patheos, 4 Pillars of The Illusion | C. Don Jones - Patheos, The Philosophic Case for the Absolute Right to Abortion - New Ideal, R2AK: Will monohulls sweep the podium? Meanwhile, 78 white business owners received loans for at least $1 million. Updated July 25, 2022 Search for PPP loan applications by organization, lender, zip code and business type. Any amount helps us keep producing quality journalism for Mississippi. John Farrell, a Republican donor and real estate developer also received a PPP loan. Loan Range No. If you don't receive emergency government funding, it's suggested for small businesses to seek funding through tax relief, private companies, local governments, and organizations offering small business grants. Some firms said they didn't receive or apply for the money they're listed as getting. Bankers, lawyers, and consultants told Business Insider that the volume of pre-approved loans will soak up the second round of funding.If you don't receive emergency government funding, it's suggested for small businesses to seek funding through tax relief, private companies, local governments, and organizations offering small business grants. Those in excess of $150,000 break down as follows: The spectrum of businesses receiving PPP loans crossed practically every segment of the Mississippi economy. Staffing companies, pipeline and electric utilities maintenance companies, heavy machinery and tire dealers, and restaurant chains all received millions. Across the country, more than 660,000 businesses received $150,000 or up to the $10 million maximum from the small-business lending program. All rights reserved. General Freight Trucking, Long-Distance, Truckload, Services for the Elderly and Persons with Disabilities, Other Grocery and Related Products Merchant Wholesalers, Offices of Real Estate Agents and Brokers, Cardiology Associates Of North Mississippi, All Other Miscellaneous Ambulatory Health Care Services. We are particularly pleased that 27% of the programs reach in low and moderate income communities which is in proportion to percentage of population in these areas. In Mississippi, nearly all 96% of loans were directed towards payrolls. Lawmakers decided in mid-May to set aside $300 million of that money for small business owners. a proud member of the $1M - $2M: 291 Recipients. - The Week, Daily Reformer: Hagehan The First Couple Of Minnesota Politics - Patch.com. In Mississippi, nearly all 96% of loans were directed towards payrolls. The House of Representatives followed the Senate in passing a measure Wednesday to extend the program's application deadline from June 30 to Aug. 8. Ambassador to Tanzania. It lowered the share of the loan that a company must spend on payroll and gave them a longer period of time to use the money. The largest loans were only recorded in the data as ranges. following organizations: Whoops! On average, businesses in the state received about $7,000 per employee. With your help, we've gotten a lot done but we're not finished yet! Otherwise, it carries a 1 percent interest rate and must be repaid within two years. Todays release of loan data strikes the appropriate balance of providing the American people with transparency, while protecting sensitive payroll and personal income information of small businesses, sole proprietors, and independent contractors., The PPP is an indisputable success for small businesses, especially to the communities in which these employers serve as the main job creators, said Administrator Jovita Carranza. We do not sell or share your information with anyone. The largest loans were only. This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License. - Federal Regulations Advisor, The Daily Cartoon and Live Briefing: Monday, May 9, 2022 - FlaglerLive.com, Victory at San Jacinto liberated the individual | Opinion | jacksonvilleprogress.com - Jacksonville Daily Progress, RUSH's GEDDY LEE Says NEIL PEART 'Didn't Want Anyone To Know' About His Illness: 'He Wanted To Keep It In The House' - BLABBERMOUTH.NET, The Alternative Meat Industry Wants Solar Power Style Mandates And Subsidies - Science 2.0, diSConnected: Is Ayn Rand or Mother Teresa better for protecting South Carolinians with disabilities? Theaters have been closed while new film releases have been delayed or pushed to streaming platforms. The Associated Press contributed to this report. Keep this news free and accessible to all by becoming a member and giving a recurring donation of any amount today. "We made a commitment to our employees at the outset of this crisis that we would take every action available to us to keep everyone healthy, paid, working and productive," the statement said. - two free years of archived e-Editions The disclosure comes amid demands from Democrats for more transparency around the funds established as part of the $2 trillion CARES Act signed into law this spring.