COVID-19 wreaked havoc on nearly every segment of the economy.
Without the Paycheck Protection Program, it would have been far worse.
The PPP provided a lifeline for companies, non-profits and other employers. Loans offered an incentive to keep workers on the payroll. The Small Business Administration will forgive loans if certain employee retention criteria are met, and the funds are used for eligible expenses.
Newly released information shows 137 recipients in Westport, of loans of $150,000 or more.
They cover a broad range: construction firms, healthcare providers, attorneys, restaurants, retail stores, a tutoring service, fitness and sports centers, architects, public relations firms, dry cleaners, car dealers, childcare services and more.
Three religious institutions are on the list. So is the Pierrepont School, and non-profits like Earthplace, the Westport Weston Family YMCA, Westport Country Playhouse and Westport Library.
BioSig Technologies got a PPP loan. As “06880” reported in April, the Wilton Road firm is working on oral treatments for the coronavirus.
Click here to see the full Westport list.
On Monday, the PPP is once again accepting loan applications. The deadline is August 8. Click here for information.
(Hat tip: Paul Delano)
Sakura is one of 137 local businesses helped by the Paycheck Protection Program.
