Thousands of plastics companies — or at least companies who identify themselves as having some connection to the plastics industry — applied for and received funding through the federal government's Paycheck Protection Program.
Nailing down the exact number of companies may take some time, but Plastics News, like other news organizations, is starting to sift through the data released about PPP on July 6.
We're trying to sort through the details to better understand conditions at the companies we write about and determine what kind of information our readers need. But we're taking our time to try and get it right, so it may take us a few days.
For instance, in the category of companies receiving at least $150,000, there were 481 companies listing resin manufacturing as their main business. Another 637 were listed as doing custom compounding of plastics.
If you're thinking, "that sounds kind of high," you're not alone. That's exactly why we're spending time digging in to try and understand them and provide an accurate report.
As our top researcher Hollee Keller put it: "It's a lot to think about."
If you have time, it'll also help us if you can fill out a short survey about the Paycheck Protection Program at www.plasticsnews.com/PPP.