As Congress stalls on another stimulus bill, a look back at the last round of federal aid

The Paycheck Protection Program has helped some, but Professor of Economics Dennis Hoffman says the PPP loans could have been more targeted to help those most in need.

The Paycheck Protection Program has helped some, but Professor of Economics Dennis Hoffman says the PPP loans could have been more targeted to help those most in need.

In this story published Aug. 14, 2020, on Arizona Public Media:

Hoffman said that there was very little regulation over which businesses could apply for loans. So businesses that were really hurting for work, like the hospitality industry, were competing against businesses that might be booming during the pandemic.

– Professor of Economics Dennis Hoffman, who's the director of the L. Seidman Research Institute