Small Business Advocates Urge Congress: Don’t Repeat Trump PPP’s Mistakes That Abandoned Communities of Color, Most in Need
WASHINGTON, D.C. – Following last week’s mammoth, court-mandated data drop from the Trump Small Business Administration (SBA) of recipients of Paycheck Protection Program (PPP) loans under $150K, government watchdog Accountable.US hosted a press call with leading small business advocates to discuss how the program’s problems with inequity, lack of transparency, and inefficiency were even worse than previously known. As Congress continues to negotiate the next major coronavirus package that will likely include additional small business aid, advocates called on Congress to not repeat the same mistakes that allowed over 100,000 small businesses to shutter and expect a different result. New aid must be data-driven, transparent and targeted to those who need it most — not the rich, powerful, and big corporations.