by Alex Rozier, Mississippi Today April 30, 2021, This and is republished here under a Creative Commons license.
. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to email a link to a friend (Opens in new window). Help keep the momentum going by rejoining our member community today. Narrow the list by typing in a business or city name. Most of those that answered were white and male-owned, shown below: Use the tables below for full lists of Misssissippi's PPP recipients, by business and industry: -- Article credit to Alex Rozier of Mississippi Today --. The sum total of loans amounts to in excess of $521 billion, and in a statement, Treasury Secretary Steve Mnuchin remarked, "The PPP is providing much-needed relief to millions of American small . Yet that rate varies greatly; J&W Transport LLC, a trucking company in Jackson, received a loan of over $260,000 to pay one employee. of Loans Jobs Retained In total, over 79,000 businesses in Mississippi have been approved for PPP loans. Get Funding & Growth Help Get Started For Free Designed to cover expenses such as payroll and rent, the loans do not have to be paid back if at least 60 percent of the money is spent keeping or rehiring workers. There was an error and we couldn't process your subscription. The fate of Amtraks Gulf Coast return rests with a federal board, They couldve picked Elijah Moore, but Saints drafted Payton Turner. PPP Loans List. The goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. Staff Report Published 6:37 p.m. CT July 8, 2020, If you are a small business owner and have not yet applied for a Paycheck Protection Program (PPP) loan yetAccording to Business Insider, you may be out of luck and too late to receive funding. The data only identifies companies with loans worth more than $150,000. This field is for validation purposes and should be left unchanged. Chao is the wife of Senate Majority Leader Mitch McConnell, R-Ky. Perdue Inc., a trucking company co-founded by Agriculture Secretary Sonny Perdue, was approved for $150,000 to $350,000 in loan money. The program's critics have expressed concern that the amount of untapped funds could show that rural or minority-owned businesses with weaker or no banking relationships have had trouble accessing relief money. This disclosure covers each of the 4.9 million PPP loans that have been made. Below is a list of South Mississippi business that received PPP loans . Report it to the Small Business Administrations with just a few clicks. The SBA released other details about the program Monday, including: The PPP's goal is to offer forgivable loans to smaller businesses, helping them to stay afloat and employees to maintain their jobs as the coronavirus puts the U.S. economy on hold. While many companies did not provide demographic information, the data suggests the vast majority of money went to white-owned businesses. And what do kangaroos have to do with it? Eastern Fishing And Rental Tool Co., Inc. Support Activities for Oil and Gas Operations, All Other Professional, Scientific, and Technical Services, Motorcycle, ATV, and All Other Motor Vehicle Dealers, Grain and Field Bean Merchant Wholesalers, Specialized Freight (except Used Goods) Trucking, Long-Distance, Agriculture, Forestry, Fishing and Hunting, Lessors of Residential Buildings and Dwellings, Other Miscellaneous Durable Goods Merchant Wholesalers, Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing, Corporate, Subsidiary, and Regional Managing Offices, Colleges, Universities, and Professional Schools, Farm and Garden Machinery and Equipment Merchant Wholesalers, Plastics Material and Resin Manufacturing, Mississippi Tank And Manufacturing Company, Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing, Pearl River Valley Electric Power Association, Progressive Medical Management Of Batesville, LLC, Region VII Mental Health Intellectual Disabilities Commission, Outpatient Mental Health and Substance Abuse Centers, Supermarkets and Other Grocery (except Convenience) Stores, Gasoline Stations with Convenience Stores. According to state filings, the company is now run by the son of Michael Retzer, who previously served as chairman of the Mississippi Republican Party, treasurer of the Republican National Committee and U.S. Seventeen Mississippi businesses received between $5 million and $10 million, the top loan amount, with about 120 more receiving between $2 million and $5 million. We believe that an informed Mississippi is a better Mississippi. To republish online, simply click the button, copy the html code and paste into your Content Management System (CMS). Seventeen Mississippi businesses received between $5 million and $10 million, the top loan amount, with about 120 more receiving between $2 million and $5 million. Browse & Search CARES Act PPP Recipients by Company names The following data was provided by the SBA & US Treasury Department showing a breakdown of all the name of companies who received PPP loans over $150,000. More than 45,000 loans worth nearly $3.2 billion were approved in Mississippi by the Small Business Administration, according to Mississippi Bankers Association. Religious organizations such as the Catholic dioceses of Biloxi and Jackson, the Episcopal Diocese of Mississippi,and the Mississippi Conference of the United Methodist Churchreceived hundreds of thousands of dollars. All rights reserved. The grant program is being overseen by the Mississippi Development Authority, which has contracted with a company to help run it. Wochit. - and much more! Of the Mississippi businesses that did answer, 75 percent were male, and 83 percent were white. The Roman Catholic dioceses in California, New York, Nevada, Tennessee and Kentucky also received loans. The Government alleged that Mr. Martinez acquired approval to issue PPP loans as a non-bank lender and earned over $70 million in lender fees. The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. - profiles and social posts Politically, according to the Washington Post, companies with connections to a handful of federal lawmakers, like Foremost Maritime, which is a shipping business controlled by the family of Transportation Secretary Elaine Chao, have received PPP loans. Businesses who qualified hair salons, gyms, certain retail stores and many others were supposed to be sent the $2,000 check automatically. Grace Pateras and Joe Harrington contributed to this story. 177878 177879 Doctors offices, restaurants and car dealers were the top businesses in Mississippi to receive loans from the $2 trillion coronavirus relief package signed into law this spring. More than $30 billion in loans were returned overall, senior administration officials who declined to be named said Monday. Chang's China Bistro and Chop't received aid of between $5 million and $10 million. - South Carolina Public Radio, Boris Johnsons Covid bravado insults the NHS and the public - The Guardian, The criticism facing Rishi Sunak has nothing to do with race, and all to do with greed - iNews, Aaron Rodgers Loves Ayn Rand's Atlas Shrugged and We're Not Shocked - Esquire, Boris Johnson and the woeful and costly Tory war on woke - The Japan Times, Has the Great Barrington Declaration been vindicated? And more than 1,000 recipients apparently did not answer the question about saving jobs at all, according to the data. - Noozhawk, Happy birthday to the great Ayn Rand - OCRegister, Letter to the editor about Clowns to the left of me, jokers to the right. Manley said that business owners who did not receive a check, but felt they qualified should email covid19relief@dor.ms.gov with their business name, account number and the reason they believe their business met the criteria for the $2,000 check. His work has appeared in the Boston Globe, Open Secrets, and on NBC.com. The program was initially rolled out in April, offering $349 billion to small businesses. According to the data set, these loans will allow the businesses to retain a total of 412,492 jobs. Almost 4,000 women-owned businesses reported receiving loans. The woman submitted two fraudulent PPP loan applications, and was sentenced to three years of probation and ordered to pay full restitution of the fraudulently obtained loan. - Gold Derby, Books review: What to read in October - Reader's Digest, Democrats dig the graves of freedom and prosperity - Washington Times, Baseball and Yom Kippur: Is there a Koufax curse? Transportation Secretary Elaine Chao's family's business, Foremost Maritime, got a loan valued at between $350,000 and $1 million. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to email a link to a friend (Opens in new window), Legislatures top leaders test positive for coronavirus, Creative Commons Attribution-NoDerivatives 4.0 International License, Proudly powered by Newspack by Automattic. It has approved 4.9 million loans for a total of more than $521 billion. You have to credit Mississippi Today. A pedestrian wearing a protective mask walks past a Shake Shack restaurant in Washington, D.C., U.S., on Monday, April 20, 2020. See the full searchable list of who received Mississippi PPP loans, law firm where House Speaker Philip Gunn works, Businesses with ties to Tate Reeves received loans, Your California Privacy Rights/Privacy Policy. The SBA's list divides the PPP loan recipients . Founded in 2016 as the states first nonprofit, nonpartisan newsroom, Mississippi Todays roots in Capitol coverage have grown to encompass a myriad of beats beyond politics and policy, including education, public health, justice, environment, equity, and, yes, sports. 2023 www.clarionledger.com. Look for the "Republish This Story" button underneath each story. We prefer Author Name, Mississippi Today in the byline. Almost all of that money has yet to be distributed. PAW Patrol Wasn't Canceled. The Ayn Rand Institute received a loan and defended it on Twitter. Internationally, South Korean airline Korean Air received a PPP loan. Rep VickyHartzler, R-Mo., on Thursday disclosed that her family's businesses received nearly $480,000. Restaurant chains P.F. The Small Business Administration has released a list of businesses that have received emergency pandemic. This is NOT a directory of companies that received a loan using SBA.com loan request service. here All Rights Reserved. In Mississippi, nearly all 96% of loans were directed towards payrolls. The law firm where House Speaker Philip Gunn works, Wells Marble & Hurst, received between $350,000 and $1 million. The Clarion Ledger reached out to several companies that received at least $5 million through the program. The PPP is providing much-needed relief to millions of American small businesses, supporting more than 51 million jobs and over 80 percent of all small business employees, who are the drivers of economic growth in our country, said Secretary Steven T. Mnuchin. We believe that an informed Mississippi is a better Mississippi. Theaters have been closed while new film releases have been delayed or pushed to streaming platforms. The released data also include information about smaller loan recipients, but excluded their names. The Treasury and SBA later reversed course, saying they woulddisclose names and other details about businesses that took PPP loans of $150,000 and above. Of the money, $240 was designated for a small business grant program, called Back to Business Mississippi, and businesses impacted by COVID-19 are eligible for up to $25,000 of grant money to cover certain expenses. - Study Breaks, Get Ready for a Week of Unhinged Attacks on Biden and Harris - The Bulwark. More than $4 billion in loans have now made its way to Mississippi after Congress approved another round of federal support for businesses earlier this year. Northeast wind 0 to 5 mph. Larger and public companies initially took advantage of loosely written language to tap the funds for themselves. Butler Snow, among the state's most powerful law firms, was able to retain 486 jobs thanks to the $5-10 million it received, according to PPP data. PPP loans helped businesses retain nearly 48,000 employees in our state. This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License. The case was brought in Foley Square, New York and is pending. to view this author's last article or Our SBA database unveils list of 6.6M recipients Enlarge The SBA PPP loan recipient list includes more than 11.7 million loans made in the nearly $800 billion Covid-19 relief program. For PPP Loans under $150,000 in Mississippi click here. We center readers in everything we do, informingand engagingMississippians through reporting, podcasts, events and online communities. The Ayn Rand Institute, named for the objectivist writer cited as an influence on libertarian thought, was approved for $350,000 to $ 1 million. By industry: Under the law, Mississippi received $1.25 billion. But thousands of Magnolia State companies also got the Small Business Administration aid without promising to retain any workers. There is further data we're working on for the loans under $150k however so check back in the future for that. But We Wish It Had Been - Fatherly, A field guide to the pandemic deniers - Salon, Mastodon, Tool, Coheed + Cambria, Primus Members Team on Cover of Rush's 'Anthem' - Loudwire, Daddy Ducey had his chance to deal with COVID; It's time to call Mom | What the Devil won't tell you - TucsonSentinel.com, Peter Bart: How Hollywood Learned That Mixing Politics And Art Can Turn Big Ideas Into B-Pictures - Deadline, The saga of the doctor versus the denier continues - Antelope Valley Press, Making it on your own in pandemic | Opinion - News-Press Now, Every generation gets 'The Baby-Sitters Club' it deserves - SFGate, How Amber Heard went from a small town in Texas to centre stage in Hollywood's most explosive trial yet - Evening Standard, Big problems with the Paycheck Protection Program?
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