The Center for Public Integrity has received a second Paycheck Protection Program loan as part of Congress’ effort to protect jobs amid the economic fallout of the COVID-19 pandemic.
Last year, Public Integrity, a nonprofit investigative news organization, received a PPP loan of $657,600, which was forgiven under the terms of the program. The organization received confirmation of a second loan this week, for $566,669. This loan can also be forgiven if certain spending restrictions and payroll provisions are met.
The organization published a series of investigative stories in 2020 about the PPP program, including:
- A look at how larger firms got earlier access to PPP funding.
- An investigation into how the PPP program didn’t prioritize small businesses in low-income areas as promised.
- And an investigation that found more than 900 companies took PPP loans totaling $1.8 billion while laying off or furloughing at least 90,000 workers.