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PPP Reboot: Business Advocates Hope More Funds Get to Those in Need
With a new administration in Washington, there will be a new approach to hundreds of federal programs and how they impact people. Top of the list for many? The third round of the Payroll Protection Program. A number of smaller, minority owned businesses struggled during the pandemic despite a massive, multi-billion dollar Paycheck Protection Program (PPP) designed to help...
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PPP Reboot: Business Advocates Hope More Funds Get to Those in Need
A number of smaller, minority owned businesses struggled during the pandemic despite a massive, multi-billion dollar Paycheck Protection Program (PPP) designed to help them.
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Fire District to Hire Financial Auditor Over PPP Loan Concerns
A Paycheck Protection Program loan given to a Connecticut fire department will be under the microscope after taxpayers raised concerns, and NBC Connecticut Investigates looked into it. The Blue Hills Fire District was awarded a PPP loan, but two former commissioners say they weren’t even aware of the application and some are now questioning how the money was used....
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Fire District to Hire Financial Auditor Over PPP Loan Concerns
The Blue Hills Fire District was awarded a PPP loan, but two former commissioners say they weren’t even aware of the application and some are now questioning how the money was used.
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Questions Raised After Fire District Gains PPP Loan
The Paycheck Protection Program (PPP) was designed to help keep small businesses afloat during the pandemic with low interest, forgivable loans, but there has been controversy in some cases over who the money was distributed to and how it was used. Now there’s anger and confusion about a PPP loan taken by a Connecticut fire department that NBC Connecticut...
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Questions Raised After Fire District Gains PPP Loan
The Blue Hills Fire District was awarded a PPP loan, but two former commissioners say they weren’t even aware of the application and some are now questioning how the money was used.
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Tax Help for PPP Recipients?
A provision in the new stimulus bill may help small business owners trying to navigate their taxes after taking a PPP loan.
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Brooklyn Man Defrauds PPP of $2M, Pockets Money for Bentley Purchase, Feds Say
A Brooklyn man was arrested Monday on charges of defrauding the federal Paycheck Protection Program (PPP) of almost $2 million. Federal prosecutors in Brooklyn charged Leon Miles, 51, of using the money to purchase a 2020 Bentley Continental for $250,000 and a 2020 Cadillac Escalade for $100,000. The PPP is part of the CARES Act passed by Congress in March…
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‘I Would've Just Taken Unemployment': Small Businesses Surprised by PPP Taxes
Groton salon owner Chris Goslin said she struggled to get a Paycheck Protection Program loan. She said looking back at it now, she never would have taken one if she knew about the tax consequences. It’s a nasty surprise for some business owners. When we last spoke with Goslin in April, she was battling to get a small forgivable Paycheck...
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Business Owners Express Surprise Over PPP Loan Taxes
Some business owners say they regret accepting Paycheck Protection Program loands because of the tax consequences.
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Release of PPP Loan Recipients' Data Reveals Troubling Patterns
Sweeping data released by the Small Business Administration on who benefited from pandemic relief programs raises questions about the equitability and distribution of loans intended for small businesses, an initial analysis by NBC News shows. The analysis found that tenants paying rent at properties owned by the Trump Organization as well as the Kushner Companies, owned by the family of Jared...
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PPP Paperwork Eased
Small businesses have it tough enough trying to stay afloat in the pandemic. Now the Small Business Administration has made it easier for the ones who received a smaller Paycheck Protection Program (PPP) loan, to have it forgiven. Jason Teal said his restaurant, Bomb, Wings, and Rice Bar in Hamden is the only place in America where you can...
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Small Business Administration Makes It Easier for Companies Who Received PPP Loan
The Small Business Administration is working to make it easier for small businesses who received PPP forgivable loans to have that forgiven.
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House Passes $2.2T Virus Relief Bill
The HEROES Act is expected to die in the Senate, according to Senate Majority Leader Mitch McConnel, R-Ky.
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PPP Has Been Spent, Now What?
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.
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PPP Has Been Spent, Now What?
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...
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NFL Player From Florida Charged in $1.2 Million Coronavirus Relief Fraud
A National Football League player from Florida is accused of stealing more than $1.2 million in coronavirus relief funds.
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CT Private Schools Received Millions in Federal Pandemic Loans
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…
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NBC CT Investigates: Some Private Schools Received PPP Funding
Among the more controversial recipients of coronavirus federal funding are private schools, some elite, and some in Connecticut.
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Some CT Companies Cut Jobs Despite Receiving PPP Funds to Retain Workers
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.