PPP Loans

Some city leaders see Miami as the new hub for tech. And, why has the government not yet forgiven all those PPP loans - especially for minority-owned businesses? Plus, Karla Hoyos is the owner of Tacotomia. But, right now she’s not making delicious dishes for her customers. She’s in Poland, on the Ukraine border, helping to feed people fleeing war with World Central Kitchen.

The Paycheck Protection Program was created by Congress as part of the March 2020 CARES Act and designed to provide relief to small businesses struggling with COVID-19-related closures and disruptions.

The Paycheck Protection Program, which provided emergency loans to small businesses amid the pandemic, will wind down soon. Economists are divided on whether it saved enough jobs to justify its cost.

City National Bank of Florida was one of the most prolific lenders of government rescue money during the pandemic.

The colossal package allocates money for COVID-19 vaccines, small businesses and anti-poverty programs like the child tax credit. Here are the highlights of the bill President Biden signed Thursday.

Black-owned businesses were often at the back of the line when the first coronavirus relief loans were doled out. Now, some are turning to banks that specialize in minority firms for help.

The gates are open for a second wave of forgivable loans meant to help small businesses keep their employees. Dollars from the Paycheck Protection Program (PPP) can also be used to help offset costs brought on by COVID-19.

This post will be updated today, Wednesday, Jan. 20, and through the week with the latest information on COVID-19 in South Florida.

Small businesses that are struggling due to the pandemic can once again apply for loans from the Paycheck Protection Program. More than 400,000 Florida businesses received loans in the first round last year.

In the pandemic, a third of Americans struggle to pay usual costs, even some earning over $100,000. But living on the edge financially is nothing new in the U.S. Three households share their budgets.

Scores of private charitable foundations linked to some of the nation's wealthiest people received money from the federal Paycheck Protection Program. Critics say they didn't need a taxpayer subsidy.

This post will be updated today, Friday, Dec. 4, and through the week with the latest information on COVID-19 in South Florida.