- Vox.com, Conservative Theologically, but Liberal Politically | Gene Veith - Patheos, Who is Jonathan Swan, the reporter who grilled Trump? In Mississippi, nearly all 96% of loans were directed towards payrolls. 2023 www.clarionledger.com. - profiles and social posts 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. The spectrum of businesses receiving PPP loans crossed . We center readers in everything we do, informingand engagingMississippians through reporting, podcasts, events and online communities. The curious cult of the friend of fascism | Anthony Daniels - The Critic, Ocean City 'Jeopardy!' 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. This table shows the top 5 industries in Mississippi by number of loans awarded, with average loan amounts and number of jobs reported. Time will tell, Creative Commons Attribution-NoDerivatives 4.0 International License, Proudly powered by Newspack by Automattic. On average, businesses in the state received about $7,000 per employee. The goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. "The CARES Act was an umbrella act that distributed tons of money. 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. Grace Pateras and Joe Harrington contributed to this story. $150K - $350K: 2,358 Recipients. This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License. Founded in 2016 as the states first nonprofit, nonpartisan newsroom, Mississippi Todays roots in Capitol coverage have grown to encompass a myriad of beats beyond politics and policy, including education, public health, justice, environment, equity, and, yes, sports. - The Week, Daily Reformer: Hagehan The First Couple Of Minnesota Politics - Patch.com. Click Classical Economists - The Objective Standard, Opinion | Demolishing the Demonic Plans of Our Enemy, and Can We Get An Amen - Common Dreams, Ayn Rand's We the Living: Back on the Silver Screenand Better Than Ever - The Objective Standard, Congress revival: Time to break free of family - The Hans India, The Financial Dark Ages Are Ending Thanks To Bitcoin - Bitcoin Magazine, Marital rape: How understanding context rather than just focusing on consent will help resolve the issue - Firstpost, Deadly Class Season 2: Is a Release Date or Rumor in the Offing on Netflix? On average, businesses in the state received about $7,000 per employee. Almost all of that money has yet to be distributed. A Division of NBCUniversal. John Farrell, a Republican donor and real estate developer also received a PPP loan. 177878 177879 Restaurant chains like P.F. But about 3,500 Mississippi businesses that received PPP loans said they would retain zero jobs with the money. - Daily Herald, The Strange and Terrifying Ideas of Neoreactionaries Current Affairs - Current Affairs, Martin Scorsese, Objectivism, Relativism, and How We Read Cinema - No Film School, Ayn Rand, Objectivists, and COVID - Science Based Medicine, Ayn Rand vs. Copyright 2022 Winston County Journal | Terms of Use| Privacy Policy, More than $4 billion in PPP loans have now made its way to Mississippi after Congress approved another round of federal support this year. Manley said that business owners who did not receive a check, but felt they qualified should email covid19relief@dor.ms.gov with their business name, account number and the reason they believe their business met the criteria for the $2,000 check. 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. The Roman Catholic dioceses in California, New York, Nevada, Tennessee and Kentucky also received loans. Aaron E. Henry Community Health Services Center, Inc. Administration of Urban Planning and Community and Rural Development, Iron and Steel Mills and Ferroalloy Manufacturing, Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing, Automotive Body, Paint, and Interior Repair and Maintenance, Asphalt Paving Mixture and Block Manufacturing, Wine and Distilled Alcoholic Beverage Merchant Wholesalers, Administrative Management and General Management Consulting Services, Manufactured Home (Mobile Home) Manufacturing, Promoters of Performing Arts, Sports, and Similar Events without Facilities, Oil and Gas Field Machinery and Equipment Manufacturing, Other Support Activities for Air Transportation, Cowboy Maloney Appliance, Audio, VIdeo Centers, Inc. The company is investing $2.4 million in their Mississippi operation and adding 32 new jobs. Designed to cover expenses such as payroll and rent, the loans do not have to be paid back if at least 60 percent of the money is spent keeping or rehiring workers. Democrats have sought assurances that programs established to help Main Street sufficiently reach those who most need it. by Alex Rozier, Mississippi Today April 30, 2021, This and is republished here under a Creative Commons license.. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to email a link to a friend (Opens in new window), Legislatures top leaders test positive for coronavirus, Creative Commons Attribution-NoDerivatives 4.0 International License, Proudly powered by Newspack by Automattic. The disclosure comes amid demands from Democrats for more transparency around the Paycheck Protection Program, or PPP, funds established as part of the $2 trillion CARES Act, which President Donald Trump signed this spring. Narrow the list by typing in a business or city name. The US government recently added a second round of $310 billion to PPP loan program. - Newsweek, Objectivism Q&A with Ben Bayer and Dan Schwartz - New Ideal, Book Banning Is Wrong Unless It Gets Me Out of Helping My Kid With His Homework - The Hard Times, THE TEACHER'S DESK: Breaking the Rules | Opinion | thetimestribune.com - Times Tribune of Corbin, If Big Ten didnt just add lucrative programs like USC but trimmed stragglers, whod get the boot? To learn more about our cartoon syndication services. So here are the links and resources I mentioned. - Science Based Medicine, O'Donnell: Will the NBA's new red-light camera calls ruin The Finals for ABC/ESPN? In Mississippi, nearly all 96% of loans were directed towards payrolls. Most of those that answered were white and male-owned, shown below: Use the tables below for full lists of Misssissippi's PPP recipients, by business and industry: -- Article credit to Alex Rozier of Mississippi Today --. examining federal efforts to prevent, detect, and prosecute pandemic relief fraud to safeguard funds for all eligible americans 117th congress (2021-2022) Based on data from National Weather Service and OpenWeather. He is a frequent guest on radio and television, providing insight and commentary on the inner workings of the Magnolia State. By joining our newsletter, you are confirming that you agree with the Privacy Policy, Frank Corder is a native of Pascagoula. If you are an existing Print subscriber click HERE for your login info. More than $4 billion in loans have now made its way to Mississippi after Congress approved another round of federal support for businesses earlier this year. Data is a real-time snapshot *Data is delayed at least 15 minutes. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to email a link to a friend (Opens in new window). The program's critics have expressed concern that the amount of untapped funds could show that rural or minority-owned businesses with weaker or no banking relationships have had trouble accessing relief money. "This money helped us bridge a gap to keep people gainfully employed," the statement said. !function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"])for(var e in a.data["datawrapper-height"]){var t=document.getElementById("datawrapper-chart-"+e)||document.querySelector("iframe[src*='"+e+"']");t&&(t.style.height=a.data["datawrapper-height"][e]+"px")}}))}(); Disclosure: In 2020, Mississippi Today sought a Paycheck Protection Program loan, which was approved and disbursed. A spokesperson for the Agriculture Department said Perdue Inc., a trucking service, said the loan was for about $182,000 and supported 27 jobs. How's the return to office going? Last month, Congress passed a bill easing the terms for how businesses can use the funds and qualify for forgiveness. World-class Experience The Skip team prides itself on giving you the attention and assistance your small business deserves. 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. Grace Pateras and Joe Harrington contributed to this story. By clicking submit, you agree to share your email address with Mississippi Today. On July 6, 2020, the federal government released the names of 45,815 companies and organizations in Mississippi that received Paycheck Protection Program (PPP) loans, which were designed to keep the economy afloat during the coronavirus. The federal government hassentmore than $3 billion in small business loans to Mississippi businesses and nonprofits, savinghundreds of thousands of jobs in recent months, new data shows. PAW Patrol Wasn't Canceled. 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. Southern Air Conditioning & Supply Inc., where Reeves is a shareholder and Coker & Palmer, Inc., an insurance agency where his wife, Elee Reeves, is a financial advisor, were among the businesses from Mississippi that received money in the coronavirus outbreak, according to the federal government. The U.S. Small Business Administration, in consultation with the Treasury Department, today announced it was releasing detailed loan-level data regarding the loans made under the Paycheck Protection Program (PPP). - 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. Other loans went topolitically connected law firms such as Butler Snow, religious organizations including the state's Catholic dioceses, and private schools such as Jackson Prep. The case was brought in Foley Square, New York and is pending. - 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? According to DOR spokesman Jacob Manley, the agency has sent out checks to 11,905 businesses for a total of $23.6 million, which isabout a third of what the program was supposed to distribute. Yet that rate varies greatly; J&W Transport LLC, a trucking company in Jackson, received a loan of over $260,000 to pay one employee. Most businesses applying for loans also did not disclose the gender of their ownership. Meanwhile, 78 white business owners received loans for at least $1 million. Scallan said the agency is still encouraging small business owners to apply for grants at the following website: www.backtobusinessms.org. Applicants in California received the most money overall with $68.2 billion, followed by Texas at $41.1 billion and New York at $38.3 billion. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. John Farrell, a Republican donor and real estate developer also received a PPP loan. A handful of Mississippi's private colleges also received assistance. Otherwise, it carries a 1 percent interest rate and must be repaid within two years. The data only identifies companies with loans worth more than $150,000. But the businesses reported the total when they applied for loans, and it is unclear how many of those employees stayed on the payroll. We believe that an informed Mississippi is a better Mississippi. Release from the U.S. Department of Treasury. Millsaps, Tougaloo and Rust colleges each receivedbetween $2 million and $5 million. Staff Report Published 6:37 p.m. CT July 8, 2020, If you are a small business owner and have not yet applied for a Paycheck Protection Program (PPP) loan yetAccording to Business Insider, you may be out of luck and too late to receive funding. Politically, according to the Washington Post, companies with connections to a handful of federal lawmakers, like Foremost Maritime, which is a shipping business controlled by the family of Transportation Secretary Elaine Chao, have received PPP loans. Dig Deeper: See the full searchable list of who received Mississippi PPP loans. Clarification: The story has been edited to clarify that franchisees of national chains applied and received PPP loans rather than the chains corporate bodies. Bankers, lawyers, and consultants told Business Insider that the volume of pre-approved loans will soak up the second round of funding. Some firms said they didn't receive or apply for the money they're listed as getting. We're dedicated to keeping Mississippians informed with our thorough reporting. Companies applying had to show that "economic uncertainty makes this loan request necessary to support the ongoing operations" of the company, as well as an inability "to access other sources of liquidity, according to the SBA. The Ayn Rand Institute received a loan and defended it on Twitter. Wochit. You cant edit our stories, except to reflect relative changes in time, location and editorial style. Designed to cover expenses such as payroll and rent, the loans do not have to be paid back if at least 60 percent of the money is spent keeping or rehiring workers. As was the case after the first round of the Paycheck Protection Program last summer, the state's top recipients so far include restaurants, doctors' and dentists' offices, legal practices, construction companies, car dealers, hotels and religious organizations. The program is part of the Coronavirus Aid, Relief and Economic Security Act President Donald Trump signed. Mississippi TUPELO 169 PPP loans (>$150k) have been issued in the city of TUPELO, MS. All publically available loans are listed here in order of business name. Bienville Orthopaedic Specialists, L.L.C. For PPP Loans under $150,000 in Mississippi click here. 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. Clear, with a low around 41. You can search the SBA's entire PPP loan data below. Revealed: How U.S. Gov't & Hollywood Secretly Worked Together to Justify Atomic Bombings of Japan - Democracy Now! The Ayn Rand Institute received a loan and defended it on Twitter. - Gold Derby, Books review: What to read in October - Reader's Digest, Democrats dig the graves of freedom and prosperity - Washington Times, Baseball and Yom Kippur: Is there a Koufax curse? In Mississippi, nearly all 96% of loans were directed towards payrolls. 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. This is NOT a directory of companies that received a loan using SBA.com loan request service. Designed to cover expenses such as payroll and rent, the loans do not have to be paid back if at least 60 percent of the money is spent keeping or rehiring workers. If you do not have an existing account, you can also easily use an existing Google, Facebook or Apple account. 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