Federal PPP loan recipients include Yeezy, Jelly Belly, and other businesses

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Adidas Yeezy 350 Boost shoes. Kanye West’s company Yeezy received a Paycheck Protection Program loan during the coronavirus pandemic. Photo by Fiona Chen (Public Domain).

Many small businesses have sought loans from the government’s Paycheck Protection Program (PPP). More than $500 billion in loans have been granted to qualifying businesses. 

Those include: 

- Yeezy, Kanye West’s fashion brand
- PlumpJack, the winery and hospitality company partially owned by California Governor Gavin Newsom
- The Ayn Rand Institute
- Jelly Belly 

In full disclosure, KCRW also received a PPP loan.

Who else received the loans, and what does it all say about how the program is working?

Credits

Guest:
Aaron Klein - Brookings Institution; former official at the U.S. Treasury Department

Host:
Madeleine Brand

Producers:
Sarah Sweeney, Michell Eloy, Amy Ta, Rosalie Atkinson, Brian Hardzinski, Angie Perrin