<div dir="ltr"><div class="gmail_default" style="font-family:verdana,sans-serif;font-size:small"><h1 style="box-sizing:border-box;margin:0px 0px 10px;font-family:Avenir-Black;font-weight:inherit;line-height:1.3;color:rgb(26,26,26);font-size:36px;padding:0px;border:0px;font-variant-numeric:inherit;font-variant-east-asian:inherit;font-stretch:inherit;vertical-align:baseline"><a href="https://nonprofitquarterly.org/who-benefited-from-paycheck-protection-program/?utm_source=NPQ+Newsletters&utm_campaign=c4d25e76f6-EMAIL_CAMPAIGN_2019_03_20_04_14_COPY_01&utm_medium=email&utm_term=0_94063a1d17-c4d25e76f6-13347701&mc_cid=c4d25e76f6&mc_eid=bbb68d574b">Who Benefited from the Paycheck Protection Program?</a></h1></div><div class="gmail_default" style="font-family:verdana,sans-serif;font-size:small"><span style="color:rgb(0,0,0);font-family:Avenir-Medium;font-size:18px"><br></span></div><div class="gmail_default" style="font-family:verdana,sans-serif;font-size:small"><span style="color:rgb(0,0,0);font-family:Avenir-Medium;font-size:18px"><br></span></div><div class="gmail_default" style="font-family:verdana,sans-serif;font-size:small"><span style="color:rgb(0,0,0);font-family:Avenir-Medium;font-size:18px">The </span><a href="https://nonprofitquarterly.org/tag/paycheck-protection-program/" target="_blank" style="box-sizing:border-box;color:rgb(225,1,17);text-decoration-line:none;margin:0px;padding:0px;border:0px;font-variant-numeric:inherit;font-variant-east-asian:inherit;font-stretch:inherit;font-size:18px;line-height:inherit;font-family:Avenir-Medium;vertical-align:baseline">Paycheck Protection Program</a><span style="color:rgb(0,0,0);font-family:Avenir-Medium;font-size:18px"> (PPP) was one of the most widely used programs during the pandemic. A paper by Massachusetts Institute of Technology (MIT) economist </span><a href="https://economics.mit.edu/faculty/dautor" target="_blank" rel="external noopener noreferrer" style="box-sizing:border-box;color:rgb(225,1,17);text-decoration-line:none;margin:0px;padding:0px;border:0px;font-variant-numeric:inherit;font-variant-east-asian:inherit;font-stretch:inherit;font-size:18px;line-height:inherit;font-family:Avenir-Medium;vertical-align:baseline">David Autor</a><span style="color:rgb(0,0,0);font-family:Avenir-Medium;font-size:18px"> and nine colleagues reports that 94 percent of all eligible businesses made PPP claims. The authors further point out that the program’s $800 billion price tag was roughly the same amount as was distributed through the three rounds of individual relief (“stimulus”) checks, and it was $120 billion more than was provided in income support through unemployment insurance payments (56).</span><br clear="all"></div><div class="gmail_default" style="font-family:verdana,sans-serif;font-size:small"><br></div><div class="gmail_default" style="font-family:verdana,sans-serif;font-size:small"><br></div><div><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><div><div dir="ltr"><font face="tahoma, sans-serif">be a kind human</font><div><font face="tahoma, sans-serif">Bonita Green</font></div></div></div></div></div></div></div>