DATA: More than 40,000 jobs retained in Katy area due to first round of federal PPP loans

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Local businesses reported about 41,500 local jobs were retained as a result of federal assistance through the Paycheck Protection Program. (Courtesy Pexels)

Local businesses reported about 41,500 local jobs were retained as a result of federal assistance through the Paycheck Protection Program. (Courtesy Pexels)

New data released by the Small Business Administration reports Katy-area businesses received federal assistance through the Paycheck Protection Program, a financial relief program created to alleviate losses brought about by the COVID-19 pandemic.

The data shows 414 companies with Katy or Fulshear addresses—including corporations, nonprofits, independent contractors, sole proprietors and limited-liability companies—received loans from the PPP ranging from $150,000 to $10 million. An additional 4,376 Katy and Fulshear businesses received loans of $150,000 or less, according to the data.

In total, Katy and Fulshear businesses received more than $261.8 million in federal aid.

Most of the businesses also reported the number jobs that were kept as a result of the loans: 41,567 local jobs were retained, per the data.

Listed companies include Kolache Factory, which reported 269 jobs retained, and Typhoon Texas, which reported 263 jobs retained. Meanwhile, Percheron Holdings LLC, a Katy-area land services company, retained 500 jobs.


Katy-area schools, churches and nonprofits were also able to retain jobs, including St. Peter’s United Methodist Church with 137 jobs, Aristoi Classical Academy with 112 jobs and Katy Christian Ministries with 33 jobs.

In Washington, D.C., lawmakers are discussing issuing another round of forgivable loans to businesses that have 100 or fewer employees and have experienced revenue loss of 50% or more during the pandemic.

The SBA released the data July 6 after it was sued by 11 media organizations, including the Associated Press, ProPublica, The New York Times and The Washington Post, over its initial refusal to release detailed loan information.

Amy Rae Dadamo, Jack Flagler and Ali Linan contributed to this report.
By Jen Para
Jen joined Community Impact Newspaper in fall 2018 as the editor of the Katy edition. She covers education, transportation, local government, business and development in the Katy area.


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