With another COVID-19 stimulus bill being negotiated by Congress, new data visualization from the Rockefeller Institute shows that to date federal funds have not gone to states most in need
At $169,000 per COVID-19 case New York’s state and local governments rank last in relief received from the federal government; South Dakota ranks first with $21,551,724 in federal relief per COVID-19 case
Albany, NY — A new analysis and data dashboard from the Rockefeller Institute of Government shows how federal economic relief allocations for governments, businesses, and healthcare providers are smaller in hard hit states like New York when adjusting for the severity of the COVID-19 crisis.Since the passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act on March 27, 2020, the federal government has allocated nearly $2.5 trillion in economic relief to businesses, individuals, healthcare providers, and state and local governments. This data visualization shows the distribution of relief of three major provisions:
- the Coronavirus Relief Fund, which provided payments to state and local governments to compensate them for the costs of addressing the public health crisis;
- the Paycheck Protection Program, which created forgivable loans for small businesses to help them maintain payroll, rehire furloughed employees, and cover overhead expenses; and
- the Provider Relief Fund, which distributed funding to health care providers to address the increased costs associated with the treatment of COVID-19 patients and offset lost revenues from elective procedures.
“Congress has mobilized huge sums of money to stabilize the economy and provide relief to Americans,” said Patricia Strach, interim executive director at the Rockefeller Institute. “Unfortunately, this money has not flowed to the businesses, governments, and healthcare providers most in need of relief from COVID-19. This visualization helps us understand the funding streams in the federal relief packages, where that funding ended up, and where the next round of stimulus funding should be directed.”
To date, New York healthcare providers received $35,509 per COVID-19 patient to address the crisis and Nebraska medical providers received $1.8 million per patient.
The loans awarded through the Paycheck Protection Program in California, New York, and Florida cover fewer than 20 percent of the small business employers in these states. Employers in North Dakota, Nebraska, South Dakota, and Oklahoma received enough loans to support 50 percent of the state’s small business employers.