LANSING – In 14 months, $947 million came into Greater Lansing from the federal Paycheck Protection Program, which aimed to provide relief to businesses during the COVID-19 pandemic.
The federal government, through private lenders, doled out loans to 9,482 businesses in Ingham, Eaton and Clinton counties, according to a State Journal analysis of the U.S. Small Business Administration’s data. Those loans preserved 111,631 jobs, according to the SBA data.
The information in the SBA data was entered by the businesses that received the loans and covers loans issued during two rounds of the program.
Here’s how Greater Lansing benefited from PPP:
- 6,255 businesses in Ingham County received $665.3 million in loans and preserved 76,885 jobs
- 2,171 businesses in Eaton County received $194.5 million in loans and preserved 23,908 jobs
- 1,056 businesses in Clinton County received $87 million in loans and preserved 10,838 jobs
What is PPP?
The program was created in March 2020 during the early months of the COVID-19 pandemic as a part of the Coronavirus Aid, Relief, and Economic Security Act. The program was reauthorized and there was a second round of PPP loans, which opened in January 2021.
PPP was designed to cover payroll costs, mortgage or rent payments, utilities or worker protection costs for COVID-19, according to the SBA.
Those eligible businesses included small businesses, certain nonprofit organizations, accommodation and food services businesses and sole proprietorships, independent contractors or self-employed individuals, according to the SBA.
The PPP ended on May 31, 2021.
Who got the largest loans?
The top five loan recipients in Ingham, Eaton and Clinton counties received loans totaling $63.4 million and preserved 4,443 jobs, according to the data.
- Manpower of Lansing, Michigan Inc. in Lansing: $9 million, 500 jobs preserved
- Michigan Education Association in East Lansing: $6.4 million, 285 jobs preserved
- Michigan Education Special Services Association in East Lansing: $6.1 million, 275 jobs preserved
- TechSmith Corp. in Okemos: $6 million, 291 jobs preserved
- CentralStar Cooperative in Lansing: $5.4 million, 371 jobs preserved
- Eaton Rapids Medical Center: $5 million in 2020 and 2021 rounds, 250 jobs preserved in 2020 and 282 jobs preserved in 2021
- Air-Way Manufacturing Co. in Olivet: $3.9 million, 387 jobs preserved
- Linn Products Inc., in Charlotte: $3 million, 306 jobs preserved
- Maner Costerisan & Ellis PC in Lansing: $2.7 million, 136 jobs preserved
- E.T. MacKenzie Co. in Grand Ledge: $2.6 million, 171 jobs preserved
- COG Marketers Limited in St. Johns: $4.3 million in 2020 and 2021 rounds, 126 jobs preserved in 2020 and 130 jobs preserved in 2021
- Quest Solutions in St. Johns: $3.4 million, 416 jobs preserved
- Bellefeuil, Szur and Associates in Bath Township: $2.8 million, 179 jobs preserved
- Michigan Crossroads Council, Boy Scouts of America in Eagle Township: $1.4 million, 150 jobs preserved
- Dent Enterprises Inc. in DeWitt : $1.3 million, 188 jobs preserved
How did minority, women-owned businesses fare?
The SBA said data on minority- or women-owned businesses are limited as many of the entities that received the loans did not report their status. In Greater Lansing, 80% of loan recipients did not report race and 76% did not report ethnicity, according to the data.
Here’s how many diverse businesses received federal support through PPP:
- 591 Black or African American owned
- 125 Hispanic or Latino owned
- 116 Asian owned
- 21 Native American or Alaskan Native owned
- 3 Native Hawaiian or other Pacific Islander owned
- 76 Black or African American owned
- 30 Hispanic or Latino owned
- 22 Asian owned
- 12 Native American or Alaskan Native owned
- 11 Hispanic or Latino owned
- 10 Black or African American owned
- 9 Asian owned
- 4 Native American or Alaskan Native owned
PPP loans went to 935 women-owned businesses in Ingham County, 280 in Eaton County and 108 in Clinton County, according to the data.
Contact reporter Craig Lyons at 517-377-1047 or [email protected] Follow him on Twitter @craigalyons.