Most PPP Loans Went To Wealthier Parts Of LA
New data released by the Small Business Administration this week shows that L.A. County's wealthy, whiter Westside received far more Paycheck Protection Program loans than lower-income areas of the county where residents are primarily people of color.
In L.A. County, businesses in the 33rd Congressional District, which stretches along the coast from Malibu to Palos Verdes, received 12 times as many loans as the 44th District, which includes communities like Compton, Carson and San Pedro.
The loans were designed to help small businesses affected by coronavirus, and were part of the stimulus package passed by Congress in March.
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