2021 Marcum National Manufacturing Survey

09

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COVID-19: THE PANDEMIC’S IMPACT

90%

Paycheck Protection Program (PPP) loans 74.29% (26)

Q21 Did you take advantage of any of the funding made available through the federal stimulus legislation?

80%

70%

60%

50%

40%

Employee Retention Tax Credits (ERTC) 22.86% (8)

30%

Other 17.14% (6)

20%

Main Street Lending 5.71% (2)

Economic Injury Disaster Loans (EIDL) 2.86% (1)

10%

0%

We totally shifted to the production of several PPE-related product lines for several new customers. - SURVEY RESPONDENT “ ”

PPP2 Government Programs Provide a Boost The federal government continued to enact policies and programs to limit the economic threat from COVID-19. One element of this was a second round of PPP lending (PPP2). Companies that used their first round of PPP on eligible spending could apply for PPP2 loans. The majority of our respondents accessed PPP, and 49% planned to tap PPP2 while 6% were undecided. Stay tuned for next year’s survey to see how many respondents took advantage of PPP2.