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COVID-19 loans didn t help save everyone s jobs in New Mexico Share Updated: 7:19 PM MDT May 13, 2021 Share Updated: 7:19 PM MDT May 13, 2021 Hide Transcript Show Transcript TONIGHT TARGET 7’S TODD KURTZ , AND T.J. WILHAM FOLLOWED THE MONEY TO FIND OUT WHY SO MANY PEOPLE HERE WERE OUT OF WERE WITHOUT A JOB. $3.2 BILLION. THAT’S HOW MUCH THE FEDERAL GOVERNMENT LOANED TO NEW MEXICO COMPANIES DURING THE PANDEMIC RECORDS SHOW ALL TO KEEP PEOPLE WORKING. A RECORD NUMBER OF 297,000 NEW MEXICANS FILED FOR UNEMPLOYMENT DURING THE PANDEMIC. IT SET A NEW HISTORIC PRECEDENT IN NEW MEXICO. THE WORSE UNEMPLOYMENT RATE WE HAVE SEEN SINCE THE GREAT DEPRESSION. SO WHERE DID THE THE GREAT DEPRESSION. WHERE DID THE MONEY GO? THE PPP LOAN WAS DESIGNED TO HELP THE EMPLOYER KEEP HIS EMPLOYEES ON WORK OR BRING HIS EMPLOYEES BACK INTO WORK. BUT THAT DID NOT ALWAYS HAPPEN, FEDERAL OFFICIALS SAY. TARGET 7 DUG THROUGH DATA FROM THE U.S. DEPARTMENT OF TREA

New mexicoUnited statesUniversity of new mexicoNew mexicansLarry chavezReilly whiteMatthew garciaUs department of treasurySmall business administrationSmall business administration butDream styleMeow wolfSmall businessCorona virusCovid 19New mexico