Paycheck Protection Program (PPP)

Small businesses who relied on federal Paycheck Protection Program funds to say open in the early months of the pandemic are now wondering what they will do as those funds run out.

The Payroll Protection Program, which gave businesses access to capital, has ended but some businesses have yet to fully recover. Others have done better than expected, but the tough times may be far from over.   “Now the money’s all spent. Most businesses have spent all the money. There’s no additional rounds of PPP or anything like it right now...

Among the more controversial recipients of coronavirus federal funding are private schools – some of them elite and some of them in our state. NBC Connecticut Investigates also recently shared data that showed companies that took Paycheck Protection Program (PPP) money and cut staff. Paycheck Protection Program data reviewed by NBC Connecticut Investigates indicated at least 19 private secondary schools…

NBC Connecticut Investigates found at least a dozen Connecticut employers who took PPP funds totaling in the millions of dollars and laid off or furloughed people.

Millions of dollars from a federal program designed to preserve jobs during the COVID-19 pandemic have gone to Connecticut employers that laid off or furloughed workers, NBC Connecticut Investigates has learned. NBC Connecticut Investigates found at least a dozen Connecticut employers who took PPP funds totaling in the millions of dollars and laid off or furloughed people. We compared PPP…

The federal government has released data on the Paycheck Protection Program, or PPP, which was put in place to help smaller businesses dealing with the fallout from coronavirus. The information included a list of companies that received some of the $670 million made available. NBC Connecticut Investigates has been going through the numbers. The data included items on how many…

NBC CT Investigates looks at newly released data on companies that received money from the PPP.

Just nine weeks after Congress allocated more than $1 trillion in coronavirus stimulus funds, most of this direct cash assistance has dried up. The Cares Act that passed on March 27 set up multiple stimulus funds to help people with coronavirus related issues.  Here’s a roundup of the ones that make up the majority of the $1.6 trillion in direct…

Not all of the stimulus money headed to our state has arrived