"The CARES Act was an umbrella act that distributed tons of money. Help keep the momentum going by rejoining our member community today. More than 45,000 loans worth nearly $3.2 billion were approved in Mississippi by the Small Business Administration, according to Mississippi Bankers Association. The SBA states that the PPP program is designed to help small businesses keep workers on payroll. Any amount helps us keep producing quality journalism for Mississippi. Several law firms, including ones with ties to President Trump (Kasowitz, Benson & Torres) and former vice president Al Gore and film producer Harvey Weinstein (Boies Schiller Flexner) also received PPP loans. Companies that maintain most of their payroll through the span of the loan may convert those funds into a grant. - The Guardian, Shaker Heights actors to star in Zoom play: Press Run - cleveland.com, Masking Authoritarianism In The Name Of Public Health - CodeBlue, The Federal Reserve Works Best When It Sticks With Gold - Forbes, Government Grants Loan to Libertarian-Based Ayn Rand Institute - The Great Courses Daily News, Rest of the Story, Pandemic Edition : Planet Money - NPR, Law of Integrity the Joke's on Us - India Legal, No. - Looper, Soul Review: Life, and How to Live It - Rolling Stone, Defending Ayn Rand's Reputation in the Media - New Ideal, Letter: Only 'We' can save the world | Letters to the Editor - Daily Herald, Pandemic and the prisoner's dilemma - DTNext, From the Rubble of Atlases, a Colossus Will Rise - The New York Times, Trump's America Remains Stuck in the Shadow of Reagan - Boston Review, The Tories are divided between libertarians and authoritarians. You cant edit our stories, except to reflect relative changes in time, location and editorial style. Here's What's Wrong With Ayn Rand's Philosophy - The Paul and Romney embarrass themselves by lashing out at trans athletes - Outsports, The rise and fall of Netflix - Spectator.co.uk, Wonder Woman 1984: Who plays the 'other' Steve Trevor? Several other companies, shown below, received enough in loans to pay each employee over six figures. Lawmakers have also pushed to find out if politicians or their families' have taken on funds from the program. Cointelegraph Magazine - Cointelegraph, Get Ready for the Great Urban Comeback - The Atlantic, Q&A: Lucas Wrench of OK #1 | The-voice | tulsapeople.com - tulsapeople.com, Twitter Had A Meltdown Over What 'Red Flags' To Look Out For On a Man's Bookshelf - Junkee, There's more than one way to deliver the mail - Newsday, Before Watching HBO's The Vow, Here's What You Need to Know About the NXIVM Cult - POPSUGAR, Who Is Keith Raniere of 'The Vow' - Where Is He Now? General Freight Trucking, Long-Distance, Truckload, Services for the Elderly and Persons with Disabilities, Other Grocery and Related Products Merchant Wholesalers, Offices of Real Estate Agents and Brokers, Cardiology Associates Of North Mississippi, All Other Miscellaneous Ambulatory Health Care Services. On average, businesses in the state received about $7,000 per employee. The association said the "vast majority" of the loans originated at banks headquartered in the state. The grant program is being overseen by the Mississippi Development Authority, which has contracted with a company to help run it. Mississippi Today published info on many of the businesses receiving money last summer, but the Small Business Administration has since made public more information on PPP recipients following a lawsuit from the Washington Post and other outlets. Help keep the momentum going by rejoining our member community today. Lawmakers drew up a list of specific industries and estimated that there were about 30,000 small business within those industries. The bill Congress passed to replenish the program in April included $60 billion specifically for small lenders in response to concerns about businesses without a traditional banking relationship accessing loans. - The Week, Daily Reformer: Hagehan The First Couple Of Minnesota Politics - Patch.com. - Men's Health, Readers Are Debating Over These 7 Books And Whether They're Deadset Red Flags When Dating Men - Pedestrian TV, 21 Quotes That Transformed My Life and My Business - The Good Men Project, In Times of Crisis, Is Dystopian Media Dangerous or Inspirational? Here's What's Wrong With Ayn Rand's Philosophy - The Objective Standard, Did the John Birch Society Win in the End? Those in excess of $150,000 break down as follows: The spectrum of businesses receiving PPP loans crossed practically every segment of the Mississippi economy. Secret IRS data shows it's paying off - Salon, Heres hoping this USC/UCLA-Big Ten merger careens off the track, crashes and burns | Jones - PennLive, LETTER: Thank cadre deployment and BEE for the mess - BusinessLIVE, Why The Racist Left Smears Clarence Thomas As An 'Angry Black Man' - The Federalist, This Is the Most Important Decision You Can Make To Increase Sales Right Now! So did theLos Angeles Lakers. We're dedicated to keeping Mississippians informed with our thorough reporting. 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. The goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. PPP Small Business Relief Will Likely Not Help All. The U.S. Treasury Department released the names of 650,000 businesses that received loans of $150,000 or more on Monday as part of the Paycheck Protection Program (PPP) designed to help small businesses, including nearly 4,000 in Mississippi. The curious cult of the friend of fascism | Anthony Daniels - The Critic, Ocean City 'Jeopardy!' The Clarion Ledger reached out to several companies that received at least $5 million through the program. The fate of Amtraks Gulf Coast return rests with a federal board, They couldve picked Elijah Moore, but Saints drafted Payton Turner. According to Business Insider, you may be out of luck and too late to receive funding. [The full list is available on the Small Business Administration website, which you can access here.]. Based on the data, between $2,511,750,192 and $4,436,550,192 have been loaned through the Payroll Protection Program to businesses in Mississippi. Mississippi businesses that applied for and received a loan as part of a national effort to save small companies during the coronavirus pandemic is now public information. 2023 Magnolia Tribune. As was the case after the first round of the Paycheck Protection Program last summer, the states top recipients so far include restaurants, doctors and dentists offices, legal practices, construction companies, car dealers, hotels and religious organizations. The disclosure comes amid demands from Democrats for more transparency around the funds established as part of the $2 trillion CARES Act signed into law this spring. Three Hispanic, two Asian and zero American Indian businesses reported receiving at least that amount. - The Atlantic, The Fountainhead Reading Group with Andrew Bernstein - The Objective Standard, Copyright 2000 to 2023 Prometheism Transhumanism Post Humanism. The law firm said in a statement that all of its employees across 12 states kept their jobs with no pay cuts. The loan data also include demographics of the borrowers, although most businesses left those fields blank. The Land Title Association of Mississippi is a professional association dedicated to creating an environment which enables its members to provide the public with the highest quality land title evidencing, title insurance and settlement services. The U.S. Small Business Administration, in consultation with the Treasury Department, today announced it was releasing detailed loan-level data regarding the loans made under the Paycheck Protection Program (PPP). Please reload the page and try again. John Farrell, a Republican donor and real estate developer also received a PPP loan. More than $30 billion in loans were returned overall, senior administration officials who declined to be named said Monday. There is not an exact figure because many of these loans are disclosed in ranges. The House of Representatives followed the Senate in passing a measure Wednesday to extend the program's application deadline from June 30 to Aug. 8. This table shows the top 5 industries in Mississippi by number of loans awarded, with average loan amounts and number of jobs reported. More than 50 individual churches received $150,000 or more. 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. 177878 177879 Wall Street investment groups, including Semper Capital Management LP and Domini Impact Investments LLC, which manage billions of dollars, also received PPP loans according to Reuters. - and much more! 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. 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. Staffing companies, pipeline and electric utilities maintenance companies, heavy machinery and tire dealers, and restaurant chains all received millions. The released data also include information about smaller loan recipients, but excluded their names. Search PPP Loan List in Mississippi Small Business Administration (SBA) released a list of all the businesses their loan amount with Bank and business details. They and many more companies ultimately returned the money after public outcry. 2023 - Land Title Association of Mississippi, Supreme Court will hear a case challenging CFPB funding, ALTA Applauds Passage of SECURE Notarization Act in the House of Representatives, Title Companys Crime Policy Covers Fraudulent Wire Transfer, Central Florida Court Research and Document Retrieval. For PPP Loans under $150,000 in Mississippi click here. 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. Otherwise, it carries a 1 percent interest rate and must be repaid within two years. If you share our stories on social media, please tag us in your posts using. In three months, this Administration was able to act quickly to get funding into the hands of those who faced enormous obstacles as a result of the pandemic. The average loan size is approximately $100,000, demonstrating that the program is serving the smallest of businesses, he continued. This year alone, nearly a hundred thousand Mississippians received $2.3 billion in PPP loans from the CARES Act, which provided much-needed financial assistance to business owners. In total, Mississippi businesses received between $2.5 billion and $4.4 billion in loans, spread across 45,000 recipients loans of $150,000 or larger are only disclosed in ranges. The US government recently added a second round of $310 billion to PPP loan program. The Associated Press contributed to this report. The law firm Boies Schiller Flexner, whose chairman David Boies has represented powerful clients such as former Vice President Al Gore in the Bush v. Gore Supreme Court case, received between $5 million and $10 million.
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