Regional Banking Crisis Dooms More Bank Branches
Locations were already shuttering by the hundreds, especially in the lower-income areas.
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Locations were already shuttering by the hundreds, especially in the lower-income areas.
Introduction The key comparison uses Paycheck Protection Program data from the Small Business Administration by ZIP code alongside small employer figures from the Census Bureau’s ZIP Codes Business Patterns. We calculated each area’s share of Kansas City small employers, firms with fewer than 500 employees. Then we determined how many more — or fewer — PPP loans each ZIP code received than it would have gotten had it received the same share of loans as its share of small employers. Investigations in your inbox Email address There’s no way to determine what percentage of eligible bu...