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PPP Money Abounded—but Some Got It Faster Than Others | Wall Street Journal

October 06, 2020
  • D.C. Policy Center

On October 6, 2020, the D.C. Policy Center’s Executive Director, Yesim Sayin Taylor, was quoted by the Wall Street Journal:

Already, the unemployment rate in Washington’s Wards 7 and 8, the areas east of the Anacostia, surged to 14.2% and 18.4% in August, respectively, compared with 9.3% and 12.5% a year earlier, according to D.C. government data. In Ward 2, which includes the city’s central business district, the August jobless rate was 4.7%, compared with 3.8% a year earlier.

“I’m very concerned about businesses closing,“ said Yesim Sayin Taylor, founding executive director of the D.C. Policy Center, a think tank. “If you are losing your team, your bank connections and your line of credit, it’s hard to bounce back.”

Read more: PPP Money Abounded—but Some Got It Faster Than Others | Wall Street Journal

Related: Paycheck Protection Program in the District: Hard-hit industries receive a smaller share of loans | D.C. Policy Center


D.C. Policy Center

Established in 2016, the D.C. Policy Center is a non-partisan research and policy organization committed to advancing policies for a strong and vibrant economy in the District of Columbia. Through rigorous research and collaboration, the D.C. Policy Center develops and tests policy ideas, disseminates its findings, and engages in constructive dialogue and debate.

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