The program ends March 31, but Congress is negotiating a new coronavirus stimulus package.Of the 14 majority-Latino districts in California, none were in the quintile that received the most PPP loan dollars.
The 10 districts that received the least funding have a median annual household income of slightly more than $66,000, compared to more than $108,000 for the 10 districts with the most funding.Rep. Nanette Barragán of the 44th District said in a statement that her constituents, many of whom are working class, low income and people of color, have contracted COVID-19 at higher rates and have been more likely to face economic hardship in the pandemic.
Betty Jo Toccoli, president of the California Small Business Association, said she does not think the disparities stemmed from race but from the amount of help that local legislators offered to small businesses to navigate the process. In another recent study, focusing on L.A. County, the UCLA Latino Policy & Politics Initiative and the Center for Neighborhood Knowledge found that predominantly Latino neighborhoods got $367 in PPP loan money per resident, compared to $666 per resident in white neighborhoods.
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Does everything have to be racial. If people were not separated into groups and told each group gets more or less than the other and each group is liked or hated more than the other. Why can't we all be treated as Americans and ALL the same.That is the only way we can be the same
Uhh... Duh! It took a study to recognize that? 😐🙄
shocker
File that under “No shit, Sherlock!”