$500 Billion in Aid to Small Businesses: How Much Did It Help?
Some economists say the Paycheck Protection Program has not proved as useful as other aid. The debate could sway the new administration’s plans.
Small businesses line a street in Westwood, N.J. A $900 billion federal relief package included $325 billion in small business aid, most of it for the Paycheck Protection Program.Credit.Mohamed Sadek for The New York Times
Published Feb. 1, 2021Updated March 9, 2021
As Democrats and Republicans spent months last fall arguing over how to rescue the economy, one provision drew widespread support from lawmakers: reviving the Paycheck Protection Program, the government’s marquee effort to help small businesses weather the pandemic.
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