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. Several other companies, shown below, received enough in loans to pay each employee over six figures. The program has about $132 billion in funding remaining. Grace Pateras and Joe Harrington contributed to this story. On average, businesses in the state received about $7,000 per employee. Each small business was supposed to receive a $2,000 check. The program is giving first priority to businesses that didn't receive money through PPP and has set aside $40 million for businesses owned by women and minorities. His work has appeared in the Boston Globe, Open Secrets, and on NBC.com. Assisted Living Facilities for the Elderly, Fabricated Structural Metal Manufacturing, Plumbing, Heating, and Air-Conditioning Contractors, Other Commercial and Industrial Machinery and Equipment Rental and Leasing, Yalobusha General Hospital And Nursing Home, Electrical Contractors and Other Wiring Installation Contractors. following organizations: Whoops! Most of those that answered were white and male-owned, shown below: Use the tables below for full lists of Misssissippi's PPP recipients, by business and industry: -- Article credit to Alex Rozier of Mississippi Today --. Posted on February 27, 2023 by laguardia airport food terminal c So did theLos Angeles Lakers. Borrowers are eligible for full forgiveness as long as they maintain the same level of employment and compensation for a certain period and spend most of the loan on their payroll. 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. Seventeen Mississippi businesses received between $5 million and $10 million, the top loan amount, with about 120 more receiving between $2 million and $5 million. Neel-Schaffer, an engineering and construction management firm based in Jackson, said in a statement that the company was grateful for the help, which allowed it to keep 354 jobs, according to PPP data. Millsaps, Tougaloo and Rust colleges each receivedbetween $2 million and $5 million. In Mississippi, nearly all 96% of loans were directed towards payrolls. How's the return to office going? We believe that an informed Mississippi is a better Mississippi. The US government recently added a second round of $310 billion to PPP loan program. following organizations: Whoops! "We made a commitment to our employees at the outset of this crisis that we would take every action available to us to keep everyone healthy, paid, working and productive," the statement said. Tate Reeves also got PPP money. 2023 www.clarionledger.com. 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. Chang's China Bistro and Chop't received aid of between $5 million and $10 million. Why PPP Loan Recipients in Mississippi Could Be at Risk So here are the links and resources I mentioned. Enjoy! Any amount helps us keep producing quality journalism for Mississippi. Email Frank: frank@magnoliatribune.com. Copyright 2022 Winston County Journal | Terms of Use| Privacy Policy, More than $4 billion in PPP loans have now made its way to Mississippi after Congress approved another round of federal support this year. In Mississippi, 17 businesses received loans between $5-$10 million, the highest range of funding. Staffing companies, pipeline and electric utilities maintenance companies, heavy machinery and tire dealers, and restaurant chains all received millions. The jobs numbers released last week reinforced that PPP is working by keeping employees on payroll and sustaining millions of small businesses through this time.. World-class Experience The Skip team prides itself on giving you the attention and assistance your small business deserves. More than 50 individual churches received $150,000 or more. $150K - $350K: 2,358 Recipients. In Mississippi, nearly all 96% of loans were directed towards payrolls. U.S. Secretary of the Treasury Steven Mnuchin testifies with Jovita Carranza, Administrator U.S. Small Business Administration during the Senate Small Business and Entrepreneurship Hearings to examine implementation of Title I of the CARES Act on Capitol Hill on June 10, 2020 in Washington, DC. A handful of Mississippi's private colleges also received assistance. Aaron E. Henry Community Health Services Center, Inc. Administration of Urban Planning and Community and Rural Development, Iron and Steel Mills and Ferroalloy Manufacturing, Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing, Automotive Body, Paint, and Interior Repair and Maintenance, Asphalt Paving Mixture and Block Manufacturing, Wine and Distilled Alcoholic Beverage Merchant Wholesalers, Administrative Management and General Management Consulting Services, Manufactured Home (Mobile Home) Manufacturing, Promoters of Performing Arts, Sports, and Similar Events without Facilities, Oil and Gas Field Machinery and Equipment Manufacturing, Other Support Activities for Air Transportation, Cowboy Maloney Appliance, Audio, VIdeo Centers, Inc. Below is a chart of the types of businesses receiving the most money in Mississippi: var divElement = document.getElementById('viz1594145011552'); var vizElement = divElement.getElementsByTagName('object')[0]; if ( divElement.offsetWidth > 800 ) { vizElement.style.width='800px';vizElement.style.height='627px';} else if ( divElement.offsetWidth > 500 ) { vizElement.style.width='800px';vizElement.style.height='627px';} else { vizElement.style.width='100%';vizElement.style.height='727px';} var scriptElement = document.createElement('script'); scriptElement.src = 'https://public.tableau.com/javascripts/api/viz_v1.js'; vizElement.parentNode.insertBefore(scriptElement, vizElement); Some Mississippi borrowers receiving between $5-$10 million in those categories include GI Associates, a gastroenterology group in Flowood, Ridgeland-based law firm Butler Snow, and two restaurant companies, Mid River Restaurants in Natchez and The Retzer Group in Greenville. Almost 4,000 women-owned businesses reported receiving loans. On average, businesses in the state received about $7,000 per employee. The goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic. But We Wish It Had Been - Fatherly, A field guide to the pandemic deniers - Salon, Mastodon, Tool, Coheed + Cambria, Primus Members Team on Cover of Rush's 'Anthem' - Loudwire, Daddy Ducey had his chance to deal with COVID; It's time to call Mom | What the Devil won't tell you - TucsonSentinel.com, Peter Bart: How Hollywood Learned That Mixing Politics And Art Can Turn Big Ideas Into B-Pictures - Deadline, The saga of the doctor versus the denier continues - Antelope Valley Press, Making it on your own in pandemic | Opinion - News-Press Now, Every generation gets 'The Baby-Sitters Club' it deserves - SFGate, How Amber Heard went from a small town in Texas to centre stage in Hollywood's most explosive trial yet - Evening Standard, Big problems with the Paycheck Protection Program? Separately, Mississippi is in the process of distributing grants to many small businesses using federal funds it received for virus relief. Trump on Saturday signed the extension into law. 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. - 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. In total, over 79,000 businesses in Mississippi have been approved for PPP loans. 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 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). Clarification: The story has been edited to clarify that franchisees of national chains applied and received PPP loans rather than the chains corporate bodies. 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. 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. Data on who got them was recently released after pressure from news organizations and lawmakers. He is a frequent guest on radio and television, providing insight and commentary on the inner workings of the Magnolia State. While some minority-owned businesses may not have disclosed race in their application, only one Black business owner reported receiving a PPP loan worth at least $1 million. Businesses linked to Gov. The SBA states that the PPP program is designed to help small businesses keep workers on payroll. Narrow the list by typing in a business or city name. Copyright 2022 PPP Directory. 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. It has approved 4.9 million loans for a total of more than $521 billion. 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. Many colleges have taken a financial hit after refunding students for room, board and other fees that come with attending class in-person. 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? Read more. The Roman Catholic dioceses in California, New York, Nevada, Tennessee and Kentucky also received loans. To republish online, simply click the button, copy the html code and paste into your Content Management System (CMS). - Fillmore County Journal, Why Are Members of Congress Allowed to Trade Stocks? Other loans went topolitically connected law firms such as Butler Snow, religious organizations including the state's Catholic dioceses, and private schools such as Jackson Prep. Based on data from National Weather Service and OpenWeather. You can only publish select stories individually not as a collection. to view this author's last article or The Associated Press contributed to this report. Release from the U.S. Department of Treasury. Our stories may appear on pages with ads, but not ads specifically sold against our stories. PPP Loan Search MS All Rights Reserved. A Division of NBCUniversal. The Retzer Group, which operates McDonald's franchises, got at least $5 in PPP money. 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. 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. Report it to the Small Business Administrations with just a few clicks. Yet that rate varies greatly; J&W Transport LLC, a trucking company in Jackson, received a loan of over $260,000 to pay one employee. 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. a proud member of the St. Andrew's Episcopal Day School in Ridgeland got at least $2 million. A spokesperson for the Agriculture Department said Perdue Inc., a trucking service, said the loan was for about $182,000 and supported 27 jobs. Keep this news free and accessible to all by becoming a member and giving a recurring donation of any amount today. Designed to cover expenses such as payroll and rent, the loans do not have to be paid back if at least 60 percent of the money is spent keeping or rehiring workers. - Daily Herald, The Strange and Terrifying Ideas of Neoreactionaries Current Affairs - Current Affairs, Martin Scorsese, Objectivism, Relativism, and How We Read Cinema - No Film School, Ayn Rand, Objectivists, and COVID - Science Based Medicine, Ayn Rand vs. here For example: trucking , hospice , television , Kasowitz Benson Torres , 90210 , Sole. About 87% of the loans were for less than $150,000, according . In total, over 79,000 businesses in Mississippi have been approved for PPP loans. SBA and Treasury to release names of largest PPP loan recipients. 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. But thousands of Magnolia State companies also got the Small Business Administration aid without promising to retain any workers. Loan Range No. - Noozhawk, Happy birthday to the great Ayn Rand - OCRegister, Letter to the editor about Clowns to the left of me, jokers to the right. We do not sell or share your information with anyone. The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. [The full list is available on the Small Business Administration website, which you can access here.]. here But the businesses reported the total when they applied for loans, and it is unclear how many of those employees stayed on the payroll. The published data now include specific amounts businesses have received, as well as the names of places that got smaller loans. Who in Mississippi got Paycheck Protection Program loans during the pandemic? The program caps forgiveness for salaries at $100,000 per employee, more than twice the states median household income. Please reload the page and try again. This disclosure covers each of the 4.9 million PPP loans that have been made. Loans Issued In Mississippi PPP Recipients Browse PPP Loans By State Mississippi Select a City for all PPP loans filed within that jouristiction, or search the entire state filings here: Show entries Search: Processing. Editorial cartoons and photo essays are not included under the Creative Commons license and therefore do not have the "Republish This Story" button option. 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