A total of 19,000 for-profit companies in Western New York received $2.2 billion in Paycheck Protection Program loans. But of those 19,000 companies, just 5% received the lion’s share of the cash.
This anomaly was investigated by reporters at the non-profit journalism outfit, Investigative Post, based in Buffalo.
All week long, you will find new information about PPP on the website, investigativepost.org.
Jim Heaney, founder, editor and executive director of Investigative Post, spoke with Capital Tonight host Susan Arbetter about the series.