What is the Economic Impact of COVID-19 in Your Neighborhood?
More than a year into the COVID-19 pandemic, businesses have begun to reopen, and unemployment has dropped. When watching for signs of economic recovery, rely on data, such as the new Paycheck Protection Program (PPP) loan information now on PolicyMap, to track changes in your local economy.
Understanding and evaluating the impact of the PPP loan program is critical, and tracking PPP investments and business closure could identify gaps in the program’s initial reach. Learning what prevented some qualified small businesses from securing loans may make similar programs more equitable and successful in the future.