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The Paycheck Protection Program is back — with some changes

The Paycheck Protection Program is back with billions of dollars up for grabs.

In the last three months, Paychex reports that employees at small businesses in Houston and Dallas have been getting more hours. The survey finds the two biggest Texas metroplexes clock in at second and third place in that category. 

But when we look at how much Houstonians and Dallasites are earning for working those additional hours, the two cities fall out of the top five.

The Paycheck Protection Program is back — with some changes

Speaking of small businesses, many of them have stayed afloat through the pandemic with the Paycheck Protection Program. Starting this week, it’s back. This time, there is $284 Billion in the bucket. And this time around, there is a simpler process to have the loans forgiven. 

RELATED: Federal checks salvage otherwise dreadful 2020 for US farms

Also, the money can be used for some expenses other than just keeping workers on payroll — and businesses can use the funds to cover their costs for up to 24 weeks.

Click here to learn more and to apply.

Living in North Texas: Is it more affordable to rent or buy?

Is it more affordable to buy or to rent? As with so many things in real estate, that depends on location, location, location. In three locations — Dallas, Collin, and Denton counties — a new analysis says it’s more cost-effective to rent in 2021. 

RELATED: Cutting your property taxes in half and other Texas dreams during the 87th Legislature

Tarrant County was the only large urban county in North Texas — and one of only two in the state (the other was El Paso) — where the report says it makes more sense to buy right now. See the report here.