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State-By-State Distribution of PPP Loans

Writer: Tom CochranTom Cochran

Updated: Jun 5, 2020


The Washington Post has published an interesting story on the only state-owned bank left in the US (The Bank of North Dakota) because it seems to have done an excellent job of facilitating PPP loans to ND’s SME sector (See:  Washington Post Article).


The following (pictured right), a very useful bar graph, was included and I found it very interesting as it demonstrated that NJ and NY have also done quite well (coming in 2nd and 3rd, after ND) on a $ per worker basis, at least through May 8. And other Northeastern states; CT, MA, and VT are in the top ten on this measure, as well. The Northeast-Midwest Institute is interested in any information shedding light on factors explaining why New York and New Jersey (and other Northeastern states like MA, CT and VT) have done so well at least on this measure in comparison to other states.




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