Paycheck Protection Program: The Paycheck Protection Program (PPP), administered by the Small Business Administration (SBA), was a forgivable loan program for small businesses signed into law in response to the threat to small businesses and their employees posed by the COVID-19 economic downturn. The PPP Loan program enabled businesses meeting certain criteria to apply for loans to be used for payroll and other expenses. Provided businesses met all requirements, the loans would then be forgiven. Information on businesses that received PPP loans greater than $150,000 dollars are represented in the PPP Loan Recipient dataset on PolicyMap and are broken down by reported industry based on 2 digit NAICS codes. Information about the businesses, including business name, business owner details, and industry (both 2 and 6 digit NAICS codes) are published here “as is” from the original SBA data. PolicyMap supplemented the data from the SBA by providing business sector and business descriptions based on reported 2 and 6 digit NAICS codes pulled from the Census Bureau’s published list of NAICS codes . PolicyMap also flagged businesses as “minority-owned” if the reported owner race was a race other than white and if the reported owner ethnicity was an ethnicity other than non-Hispanic. Businesses without reported owner race/ethnicity were not flagged as minority-owned.
PolicyMap supplemented the data from the SBA by providing business sector and business descriptions based on reported 2 and 6 digit NAICS codes pulled from the Census Bureau’s published list of NAICS codes.