Did the COVID-19 PPP emergency loans go where they were supposed to?
A lot of attention has been paid to the Paycheck Protection Program. It's the giant bundle of money, billions of dollars that Congress approved that was designed to help keep small businesses afloat during the coronavirus pandemic. Once the program got started though, we started seeing news about big, publicly traded companies benefiting from the PPP, and in some cases announcing they had given back the money. So how widespread was this? How much of the assistance actually went to the places it was supposed to go? Dr. Sam Rosen, Assistant Professor in the Department of Finance at the Temple Fox School of Business joins KYW In Depth to break down the Paycheck Protection Program and where the loans went. Here's the link to Dr. Rosen's research: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3590913 See omnystudio.com/policies/listener for privacy information.
The Week in Philly from KYW Newsradio
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