Stories tagged: "PPP"

Business WASHINGTON, DC - FEBRUARY 22: U.S. President Joe Biden speaks during an announcement related to small businesses at the South Court Auditorium of the Eisenhower Executive Office Building February 22, 2021 in Washington, DC. President Biden announced changes to the Paycheck Protection Program aimed at helping small and minority-owned business to qualify for federal loans due to the economic impact that has been caused by the COVID-19 pandemic. (Photo by Alex Wong/Getty Images)
Business Michigan’s Small Businesses Are Staying Open with Small Business Loans. Here’s How to Apply.

COVID-19 assistance kept this Adrian shop open. Here's how you can apply for small business relief this week.

Glennisha Morgan Glennisha Morgan March 8, 2021 5:21 pm EST
Economy FILE - In this June 5, 2020 file photo, President Donald Trump poses for a photo after signing the Paycheck Protection Program Flexibility Act during a news conference in the Rose Garden of the White House in Washington. Thousands of minority-owned small businesses were at the end of the line in the government’s coronavirus relief program as many struggled to find banks to accept their applications. Or, they were disadvantaged by the program's terms. Data from the Paycheck Protection Program analyzed by The Associated Press show many minority owners desperate for a loan didn’t receive one until the PPP's last weeks. (AP Photo/Evan Vucci, File)
Economy Data Shows Business Owners of Color Waited Months for Loans

Close to 18% of companies received funding, nationwide. Less than 12% of Wayne County business owners received PPP loans.

Ellen Chamberlain Ellen Chamberlain Associated Press Associated Press January 4, 2021 5:17 pm EST
Education Photo courtesy Albion College
Education This Small Michigan College Landed Almost $20 Million During the Pandemic. Others Weren’t So Lucky.

While struggling public universities worry about fall enrollment, this mid-Michigan private college got CARES Act support courtesy Education Sec. Betsy DeVos.

Katelyn Kivel Katelyn Kivel July 29, 2020 11:57 am EDT
Economy In this Sept. 21, 2018, file photo, Mike Starkey offloads soybeans from his combine as he harvests his crops in Brownsburg, IN. The escalating trade war between the U.S. and China at that time caused anxiety among rural farmers and bankers. Upper Midwest soybean farmer Jamie Beyer said those were days of "a little bit of panic." Many farmers would probably say the same of these days as well. (AP Photo/Michael Conroy, File)
Economy Federal Aid Isn’t Reaching Michigan Farmers. Here’s What They Need to Survive.

Michigan farmers say President Trump's trade wars have set the stage for the extent of their financial hardships during the pandemic.

Martha Spall Martha Spall July 24, 2020 2:43 pm EDT
Economy Small business owners Rachel Lutz (L) and Nicole Jackson (R). Photos courtesy of Rachael Lutz and Nicole Jackson.
Economy The Latest Round of Michigan Grants Helps Farms, Nonprofits, and Small Businesses

Rachael Lutz is a promising proprietor in Michigan with several businesses – none of which were helped by the federal government's PPP. But this money can help entrepreneurs like her.

Ellen Chamberlain Ellen Chamberlain July 9, 2020 2:18 pm EDT

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An evicted house at a suburban street with left belongings on the lawns near 8 mile road in the city of Detroit. Housing ‘It Affects the Soul’: Michigan Families Face Brunt Of Housing Hardships
Post Courtesy of Bees in the D Environment ‘A Voice for the Bees’: One Michigander’s Quest to Bring Bees Back
Getty Images Michigan Life 10 Fun Things To Do In Michigan Before the End of Summer
Getty Images Education A ‘Once in a Generation Opportunity’ Has Older Michiganders Seeking College Degrees, Trade School Credentials
Money Image of Justice via public domain. Images of Chao and Kushner via Shutterstock
Money Billionaires, Trump Officials Receive PPP Loans While Many Small Businesses Are Left Out

PPP beneficiaries included billionaires, Trump administration officials, members of Congress, political donors, and wealthy financial institutions.

Keya Vakil Keya Vakil July 7, 2020 3:12 pm EDT
Business Photos courtesy of Kim Smith
Business How One Local Grant Is Helping Michigan Businesses Left Out of PPP

The aid couldn’t come at a better time for businesses like one Detroit florist left out of the first round of federal protections.

Ellen Chamberlain Ellen Chamberlain June 23, 2020 4:48 pm EDT