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Coastal states win greater share of PPP's second round

May 8, 2020
Unlike the first round, the second round of the Paycheck Protection Program has largely favored coastal states. New York, New Jersey, California and Washington, D.C. received the most loans relative to their share of the US population.
A shuttered restaurant in Los Angeles. Coastal states fared better in the second round of Paycheck Protection Program funding.
Frederic J. Brown/AFP via Getty Images