These San Diego zip codes have secured P3 loans over $ 150,000, kept over 193,000 jobs
SAN DIEGO (KGTV) – According to recently released data, employers in San Diego have been able to retain more than 190,000 jobs through the use of the US Treasury Department’s Paycheck Protection Program (PPP).
The US Small Business Administration and the US Treasury Department have released information on nearly 5 million businesses and nonprofits that have received $ 520 billion in P3s.
In San Diego County, loans ranging from $ 150,000 to $ 10 million have been made to 3,734 businesses in San Diego. The combined number of jobs retained was 193,774.
DATABASE: LIST OF PPP LOANS BY COMPANY NAME
Notable aid recipients include Breakfast Republic (four locations, $ 150-350,000 each), Chicken Charlies (two locations, $ 150-350,000 each), San Diego Museum of Man ($ 350,000-1M ), Showgirls of San Diego (350,000 -1M) and Old Globe Theater ($ 1 to $ 2M).
Among those on the list who received up to $ 350,000 is the Manchester Financial Group, LP led by local businessman “Papa Doug” Manchester. Manchester has been appointed US Ambassador to the Bahamas by President Donald Trump. He withdrew his appointment in November due to “threats to his life and that of his family”. Manchester and his wife donated nearly $ 500,000 to Trump’s 2016 presidential campaign.
Another notable venture is the San Diego Comic Convention. SDCC has received $ 1 million to $ 2 million in aid and said the money will help keep 82 jobs. The CCSD has been canceled this year’s convention due to the pandemic.
Data shows that postal codes between SR-56 and Interstate 8 have retained the most jobs. According to the data, Carmel Valley has received 163 PPP loans and retained over 9,000 jobs. The Serra Mesa and the Kearny Mesa saw a distribution of over 300 loans and retained over 20,000 jobs.
ABC 10News created a map to show how the money was distributed by zip code and how many jobs the SBA claims were kept.
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