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Small business aid went beyond hard-hit companies, data show - Black News Channel

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By CHRISTOPHER RUGABER and JOYCE M. ROSENBERG AP Business Writers WASHINGTON (AP) — The government on Monday identified roughly 650,000 mostly small businesses and nonprofits that received taxpayer money from a program that likely helped prevent the job market meltdown from growing worse but that also benefited some politically connected firms. Recipients covered a broad swath of industries, with some that were less directly impacted by the coronavirus pandemic, such as manufacturing and construction, receiving a greater proportion of the loans than the hard-hit restaurant, bar and hotel industries. Many law firms and private equity companies also obtained loans. Businesses []

The post Small business aid went beyond hard-hit companies, data show appeared first on Black News Channel.

Source: Black News Channel - Black News Channel

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