There’s more evidence that the government’s flagship small business loan program was distributed unequally across racial lines.


Why it matters: Minority-owned companies are faring much worse — and the fate of their businesses is much more bleak — than white-owned ones, as the pandemic slams Main Street.

What’s happening: Congressional districts with the highest Black populations cinched $13 billion less in Paycheck Protection Program (PPP) funds than districts with smaller Black populations, according to a new study by Accountable.US, an advocacy group, first reported by Reuters.