The data on the utilization of the popular Paycheck Protection Program (PPP) was released earlier this week by the Small Business Administration (SBA). Two sets were made of the data: Loans under $150,000 and loans over $150,000. For the smaller loans, information like zip code and industry type were list among the actual loan amount.
Buckets (i.e. $1-5 million) were assigned to the larger loans along with zip code and industry data. Both showed “jobs retained” for each loan. In Greater Peoria, nearly every zip code had at least one business get a loan under $150,000. That loan totaled $150,103,423.35 amounting to 4,799 loans. These loans helped to retain 23, 055 jobs.
For loans over $150,000, exact dollar amounts couldn’t be calculated as the data wasn’t provided. However, the data showed 728 loans in the region. These regions combined to help retain 41,802 jobs. As these are larger employers, the loans are not all for Greater Peoria.
Chicago Mayor Brandon Johnson has introduced a new tax proposal targeting major social media companies as part of his effort…
The Chicago Teachers Union and Chicago Public Schools have reached a $1.5 billion, four-year contract that will shape classrooms across…
Europe and North America are confronting an unusually early and intense surge of bird flu, with outbreaks spreading across wild…
Chicago Fire FC and the Versiti Blood Center of Illinois are partnering to host the Fire Up Blood Drive, a…
Former Illinois Representative Jeanne Ives said Chicago is effectively bankrupt and that investors are signaling growing concern over the city’s…
A growing number of farm animal sanctuaries across the country are promoting an alternative Thanksgiving tradition that invites families to…
This website uses cookies.