Taxpayers may never know how many jobs the $1 trillion PPP saved. The government didn’t keep count
Sarah D. Wire
Los Angeles Times
WASHINGTON A year after Congress created the Paycheck Protection Program, taxpayers don’t know how many jobs were saved by the nearly $1 trillion in forgivable loans issued to businesses during the pandemic.
And economists and government watchdog groups say they likely never will because the government didn’t count.
The PPP was pitched as a way to save millions of jobs threatened during the COVID-19 recession. But the Small Business Administration under President Donald Trump and now under President Joe Biden hasn’t tracked figures on jobs that were saved, despite a legal requirement to do so.
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Taxpayers don t know how many jobs saved by COVID-relief PPP
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NEW YORK, March 08, 2021 (GLOBE NEWSWIRE) Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, announced today that Robert Bartlett has joined the firm as a Senior Managing Director to expand its security and infrastructure software coverage within its Technology Investment Banking group and will be based in Menlo Park. Mr. Bartlett joins Guggenheim from Goldman Sachs, where he most recently served as a Managing Director and Head of Security and Infrastructure Software Investment Banking in Goldman Sachs’ San Francisco office. Prior to joining Goldman Sachs, he was a member of the Software and Enterprise Investment Banking group at Bank of America. Mr. Bartlett began his investment banking career at Baird and has previous work experience as an attorney and tax consultant. “We are pleased to welcome Rob to Guggenheim,” said Mark Van Lith, Co-CEO of Guggenheim Securities and Head of Investment Banking. “Robȁ