Flint & Genesee Chamber of Commerce issued the following announcement on Oct. 9.
"The federal PPP, or Paycheck Protection Program, pumped a total of more than $550 million into 3,862 Genesee County businesses when the U.S. Small Business Administration released the funds, statistics compiled by the Flint & Genesee Chamber of Commerce show.
'The number was just staggering to me,' said Tyler Rossmaessler, the Chamber’s director of economic development. 'What strikes me is the sheer amount of government assistance that was poured into our economy.'
Another important statistic: County businesses used their PPP funding to retain 57,294 jobs, meaning a significant chunk of the county’s 140,000-person pre-pandemic workforce also benefited from the program."
To read more about the impact of the PPP program in Genesee County, click below!
Original source can be found here.
Source: Flint & Genesee Chamber of Commerce
Alerts Sign-up