Paycheck Protection Program

covid.sd.gov

South Dakota businesses and nonprofits that have been hurt by the pandemic have a short time to apply for their share of $450 million in government grants.

Congress passed the CARES Act pandemic relief bill in March, and state government got $1.25 billion.

About half of the money went unspent through the spring and summer. Ian Fury, spokesman for Gov. Kristi Noem, said there were reasons for that.

New data from the federal government reveal more information about the Paycheck Protection Program, including some of the loan recipients. 

And that information shows the program’s deep and wide reach in South Dakota. 

Explaining The Paycheck Protection Program (PPP)

Apr 28, 2020
NPR

In The Moment ... April 28, 2020 Show 805 Hour 2