Posted on 09/16/2022 8:50:30 AM PDT by simpson96
In 2021, West Garfield Park was the gun crime capital of Chicago, suffering a per capita shooting rate 20 times the city average.
But it wasn't all bad news.
West Garfield Park residents also managed to secure 6,282 individual Paycheck Protection Program (PPP) loans totaling more than $120 million last year, also tops per capita in the city.
The West Garfield Park loans averaged $19,119 a piece, according to data published by the U.S. Small Business Administration, analyzed by Chicago City Wire.
Which might be puzzling, as the neighborhood has only 21,000 working-age adults, 4,700 of whom (22 percent) told the U.S. Census they were unemployed. Another 10,500 West Garfield Park residents claimed to be out of the workforce, not to even looking for a job. That leaves about 6,000 who are gainfully employed, if not employing.
The Paycheck Protection Program was touted as a way to help businesses with employees avoid laying them off, as state leaders like Gov. J.B. Pritzker forced them to close their doors.
But most PPP loans, Chicago City Wire has learned, didn't go to employee-heavy businesses but rather to self-described "sole proprietors" or "independent contractors" who promised only, apparently, to keep paying themselves.
(Excerpt) Read more at chicagocitywire.com ...
Maybe they claimed working the dope spot as employment.
Biden has said hes going after ppp fraud, I’ll bet these folks skate though.
Trump, the Republicans, and the Democrats - all of those idiots couldn’t wait to squander the future of the country over a severe cold. It was “costs be damned, full speed ahead” on the greatest financial boondoggle in the history of this country.
History will eventually show the crushing burden this waste put on the future of America.
That’s a whole lot of people who belong in prison.
just goes to show that real work is perhaps foolish....
just enjoy sloth and entitlement.....
Need more cows with restless leg syndrome.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.