Secret TAKEAWAYS
- This new Income Cover Program (PPP), hence given rescue to help you small enterprises inside COVID-19 crisis, was followed easily and wound up much of the surgery within couple of years.
- However,, since the a new study from the economist David Autor while others showed, the latest PPP wasn’t really targeted. No more than that-one-fourth out of PPP funds supported services you to definitely otherwise will have gone away.
- At exactly the same time, the study discovered that the fresh new PPP’s experts flowed disproportionately to help you richer households as opposed to towards review-and-file gurus one to their loans have been designed to reach.
The latest Income Coverage System (PPP) brought hundreds of vast amounts of cash to small businesses or other communities adversely impacted by this new COVID-19 drama, bringing resources to steadfastly keep up payrolls, to employ right back team who has started let go and to fund essential over.