PPP

NC Rep Virginia Foxx joins lawmaker letter on unions illegally receiving PPP funds

April 21, 2022 A.P. Dillon

RALEIGH — North Carolina Republican U.S. Rep. Virginia Foxx (NC-05) has joined other lawmakers in a letter demanding answers about unions having illegally received COVID-19 Paycheck Protection Program (PPP) funds. In the April 6 letter, […]

Article

Secretive education nonprofit received federal paycheck relief funds

April 20, 2022 A.P. Dillon

RALEIGH — An education nonprofit that funds itself in part through in “membership dues” paid for by school districts in North Carolina also received Paycheck Protection Program (PPP) funds during the pandemic. The Innovation Project […]

PPP loans bill meets resistance in NC Senate

May 12, 2021 North State Journal Staff

RALEIGH — A bill that would see N.C. conform Paycheck Protection Program (PPP) rules to federal tax law received a cool reception following controversy around the bill’s movement and participation among legislators. Following a pair […]

Veteran lawmaker removed from committee

April 20, 2021 North State Journal Staff

RALEIGH — State Rep. Julia Howard, a realtor who has represented Davie County in the General Assembly for over 30 years, was removed from her post as House Finance committee chair on Tuesday. Howard pointedly […]

Breaking down the tax implications of PPP loans

March 4, 2021 Kelsey Sheehy, NerdWallet

The approaching tax season is raising fresh questions for business owners who received a loan through the Paycheck Protection Program. Can you deduct expenses paid with your loan funds? Do you need to do anything […]

Biden to boost pandemic lending to smallest businesses

February 22, 2021 Zeke Miller, Associated Press

WASHINGTON, D.C. — President Joe Biden is targeting federal pandemic assistance to the nation’s smallest businesses and taking steps to further equity in what is known as the Paycheck Protection Program. The administration is establishing […]

Tillis holds PPP roundtable with restaurant industry leaders in Raleigh

August 26, 2020 A.P. Dillon

RALEIGH — Sen. Thom Tillis (R-NC) held a roundtable at the Angus Barn in Raleigh to discuss the Paycheck Protection Program, or PPP, with concerned restaurant owners. Angus Barn owners Van Eure and Steve Thanhauser […]

TILLIS: DNC shows two paths offered to voters

August 20, 2020 Sen. Thom Tillis

As the Democrats finish their virtual convention this week, it is clear that there are two very distinct paths being offered to voters this November. North Carolinians can either cast their votes to continue our […]

Nation’s top small business advocacy organization endorses Tillis

August 13, 2020 A.P. Dillon

RALEIGH — Today, during a virtual event held using Zoom, the nation’s top small business advocacy organization announced their endorsement of U.S. Sen. Thom Tillis for re-election. The National Federation of Independent Business (NFIB) announced […]

Article

KAKADELIS: Setting the record straight on charter funding and PPP loans

August 11, 2020 Lindalyn Kakadelis

Recent news coverage skews the facts on charter funding and Paycheck Protection Program (PPP) loans. Because some public charter schools received PPP loans and a portion of CARES Act funding, critics accuse them of “double-dipping.” […]