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New data show PPP loan program saved 4.1 million nonprofit jobs
Publication year - 2020
Publication title -
nonprofit business advisor
Language(s) - English
Resource type - Journals
eISSN - 1949-3193
pISSN - 1531-5428
DOI - 10.1002/nba.30839
Subject(s) - government (linguistics) , business , loan , pandemic , covid-19 , finance , medicine , philosophy , linguistics , disease , pathology , infectious disease (medical specialty)
A deep dive into recently released data on the Paycheck Protection Program, the federal government's program to help shore‐up employment during the first few months of the coronavirus pandemic, shows that the program saved roughly 4.1 million jobs in the nonprofit sector, or about one in three nonprofit jobs nationwide.