Businesses Owned by American Indian and Alaska Native Women Got Just 0.1% of PPP Funds
WASHINGTON, D.C. – Today, in acknowledgment of Native American Women’s Equal Pay Day, Accountable.US released new research showing that Trump’s flawed Paycheck Protection Program (PPP) overwhelmingly left American Indian and Alaska Native women behind. Of the 86,106 PPP loans for which the administration released both gender and race and ethnicity data, just 114 businesses owned by American Indian or Alaska Native women were given assistance through the PPP.
“Native American women are working on the frontlines and keeping the economy going through this pandemic as essential workers and small business owners. It’s shameful that Trump’s Paycheck Protection Program offered these women meager support to keep their businesses and families afloat. Congress' next relief package must include transparency measures to ensure that aid actually reaches businesses that need it most — not just wealthy corporations looking to pad their executives’ pockets.”
Jenna Kruse, spokesperson for Accountable.US
While nearly three out of every 10 Native American women is an essential worker, on average they are still severely underpaid, earning on average $0.60 for every dollar earned by white, non-Hispanic men, according to CNBC. Native women’s presence in the essential workforce also places women in this demographic at particular risk of harm as the Trump administration plows ahead with reopening schools, restaurants, and other services despite rising rates of COVID-19 infection across the nation.
Here’s a closer look at the sorry breakdown of PPP dollars to Alaska Native and American Indian women:
- According to available data, just 114 loans were given to businesses owned by American Indian or Alaska Native women.
- Comparatively, 59,875 loans were given to businesses owned by white men.
- Just one of those loans was for more than $5 million and only a total of five above $2 million.
- This means that loans to businesses owned by women of American Indian or Alaska Native heritage make up just 0.1% of the 86,106 loans that include both gender and race and ethnicity data.