Reveal

Banking on Inequity


Listen Later

Congress spent hundreds of billions of dollars to rescue small businesses hurt by the pandemic. But Paycheck Protection Program (PPP) money disproportionately went to White neighborhoods, leaving communities of color behind.

Small businesses are the heart of Los Angeles’ many neighborhoods. Reporter Laura C. Morel talks with business owners around Los Angeles who either received PPP money or faced insurmountable hurdles to get one of the forgivable loans. Morel talks with a Latinx barber in the Florence neighborhood, where just 10% of businesses got PPP loans. In a predominantly Black area of Inglewood, we meet clothing store owner Annie Graham, who couldn’t get a PPP loan last year, even from a lender who hooked up with Magic Johnson to specifically help minority- and women-owned businesses access the government lending program. In Graham’s neighborhood, 32% of businesses got PPP loans. Meanwhile, in the majority-White neighborhood of Playa del Rey, 61% of businesses got PPP loans. The disparity among neighboring communities is striking.

We end with an interview with reporter Gabriel Thompson about fast food franchises that received PPP money. One McDonald’s owner in Chicago got half a million dollars, but workers there filed multiple complaints with OSHA because they felt they were not protected from COVID-19.

This show is guest hosted by Sarah Gonzalez of Planet Money.


Don’t miss out on the next big story. Get the Weekly Reveal newsletter today.

...more
View all episodesView all episodes
Download on the App Store

RevealBy The Center for Investigative Reporting and PRX

  • 4.7
  • 4.7
  • 4.7
  • 4.7
  • 4.7

4.7

8,071 ratings


More shows like Reveal

View all
This American Life by This American Life

This American Life

91,124 Listeners

Radiolab by WNYC Studios

Radiolab

44,041 Listeners

Fresh Air by NPR

Fresh Air

38,466 Listeners

The New Yorker Radio Hour by WNYC Studios and The New Yorker

The New Yorker Radio Hour

6,714 Listeners

Criminal by Vox Media Podcast Network

Criminal

37,445 Listeners

Snap Judgment by Snap Judgment and PRX

Snap Judgment

11,610 Listeners

Live Wire with Luke Burbank by PRX

Live Wire with Luke Burbank

322 Listeners

On the Media by WNYC Studios

On the Media

9,184 Listeners

On Point with Meghna Chakrabarti by WBUR

On Point with Meghna Chakrabarti

3,946 Listeners

The World by PRX

The World

930 Listeners

Living on Earth by World Media Foundation

Living on Earth

465 Listeners

Afropop Worldwide by Afropop Worldwide

Afropop Worldwide

307 Listeners

Embedded by NPR

Embedded

11,916 Listeners

Latino USA by My Cultura, Futuro and iHeartPodcasts

Latino USA

3,772 Listeners

Code Switch by NPR

Code Switch

14,583 Listeners

1A by NPR

1A

4,682 Listeners

The Daily by The New York Times

The Daily

112,467 Listeners

Things That Go Boom by PRX

Things That Go Boom

322 Listeners

The Science of Happiness by PRX and Greater Good Science Center

The Science of Happiness

1,897 Listeners

What Next | Daily News and Analysis by Slate Podcasts

What Next | Daily News and Analysis

2,397 Listeners

Throughline by NPR

Throughline

16,233 Listeners

The Ezra Klein Show by New York Times Opinion

The Ezra Klein Show

16,072 Listeners

Suave by Futuro Media

Suave

1,547 Listeners