The Paycheck Protection Program is a Big Solution to a Big Problem, but it Needs Big Oversight
It’s no secret that our local bodegas, corner nail salons, and go-to restaurants are in trouble. The unprecedented nationwide stay-home initiatives may be flattening the curve, but they’re also threatening to bankrupt millions of small businesses and their employees. The Coronavirus Aid, Relief, and Economic Security (CARES) Act aims to address this problem with numerous programs, including the Paycheck Protection Program (PPP), funded at $349 billion in its first round,...