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

open sign
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.


MOST RECENT

Houston City Hall in rainbow lighting
Greater Houston LGBT Chamber of Commerce celebrates five years of service

The organization is open to all and serves members throughout the Greater Houston area.

Fort Bend County residents will be notified via email, text message or phone call with information about their COVID-19 vaccine appointment. (Courtesy Pexels)
Fort Bend County announces new COVID-19 vaccination system

More Fort Bend County residents than before can now sign up and be placed on a waitlist for a COVID-19 vaccine, thanks to the county's new registration system.

Here are the latest coronavirus updates from Fort Bend County. (Community Impact staff)
Fort Bend County surpasses 50,000 coronavirus cases; testing slowed during winter storm

Fort Bend County Health & Human Services has recorded 1,512 new coronavirus cases since the Feb. 15 winter storm that resulted in days of freezing temperatures and widespread power outages.

The new Fort Bend Epicenter multipurpose facility could be used as a spot for trade shows and sporting events, could act as a large-scale shelter for county residents in an emergency and more. (Community Impact Newspaper staff)
Large multipurpose complex coming to Fort Bend County; Sugar Land to widen University Blvd. and more top Houston-area news

Read the top business and community news from the past week from the Houston area.

Hank's Crab Shack gets and sells several hundred pounds of crawfish daily, especially during the peak of crawfish season. (Morgan Theophil/Community Impact Newspaper)
New Orleans-style restaurant Hank's Crab Shack puts 'a lot of love into the food,' owner said

At Hank’s Crab Shack, it is not uncommon for natives of New Orleans to walk in skeptical and leave with their heads spinning and stomachs full, restaurant owner Akina Robinson said.

Snow covers I-45 in Houston during a winter storm that hit Texas the night of Feb. 14. (Shawn Arrajj/Community Impact Newspaper)
Legislators probe energy officials over power failures, lack of preparation heading into winter storm

The Texas Legislature held hearings Feb. 25 with energy companies including Oncor Electric Delivery and the Electric Reliability Council of Texas in response to last week’s historic winter storm, which left millions of Texans without electricity for days.

Keith Luechtefeld spoke with Community Impact Newspaper about some of the short-term and long-term repercussions of the storm as well as some of the reasons why so many homes saw burst pipes during the freezing weather. (Community Impact staff)
Q&A: Greater Houston Builders Association President Keith Luechtefeld discusses power, plumbing, frozen pipes after Winter Storm Uri

Keith Luechtefeld spoke with Community Impact Newspaper about some of the short-term and long-term repercussions of the storm as well as some of the reasons why so many homes saw burst pipes during the freezing weather.

After the Feb. 20 fire, the building was declared a total loss. (Courtesy Jason Carlisle)
Midway BBQ management looks to future after destructive fire

After the Feb. 20 fire, the building was declared a total loss.

Winter Storm Uri led to closures across the Greater Houston area during the third week of February. (Courtesy Metropolitan Transit Authority of Harris County)
‘It’s been a rough year for us’: Expert explains economic effects of winter storm, ongoing pandemic in Houston region

“It's been a rough year for us economically; it's been a rough year for us public health wise. It's just been a rough year for us psychologically—first the coronavirus and then the freeze," said Patrick Jankowski, senior vice president of research with the Greater Houston Partnership.

Katy city officials plan to rebuild the bridge over Cane Island Creek along the First Street extension for drainage purposes as part of a project to increase mobility in the area. (Morgan Theophil/Community Impact Newspaper)
Upcoming Katy transportation projects focus on increasing mobility to match continued growth

Katy city officials plan to rebuild the bridge over Cane Island Creek along the First Street extension for drainage purposes as part of a project to increase mobility in the area.