Editorial: Money is circulating

 

December 31, 2020

Overall, Petersburg doesn't look like a town in distress. We've seen what happens in "down" years, and there is no resemblance.

Charitable giving is generally up and local businesses appear to be doing well with only a few exceptions.

As we mentioned last week, the city's distribution of $3.9 million in CARES funding was a part of it. (See breakout above)

The biggest factor however appears to be from 539 local businesses and boats applying for and receiving over $15.08 million in SBA's Economic Injury Disaster Loans. Loan amounts ranged from $1.8 million for Petersburg Medical Center to sev...



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