Governors’ companies receive coronavirus relief loans

0
62
This Monday, Oct. 22, 2018, file photo shows the Plumpjack Wine & Spirits store, founded by Gov. Gavin Newsome, in San Francisco, which is part of the Plumpjack Group collection of wineries, bars, restaurants, hotels and liquors stores. AP photo/Eric Risberg, file photo
Julie Carr Smyth, The Associated Press Governors who ordered shutdowns as their states responded to the coronavirus pandemic were among millions of beneficiaries of the loan program created to help small businesses weather COVID-19’s effect on the economy, data released Monday, July 6, showed. The governors of at least seven states have ties to companies that received loans through the Small Business Administration’s Paycheck Protection Program. Both Republicans and Democrats, their associated companies’ loans ranged from $150,000 to more than $11 million. It is legal for businesses owned by elected officials to apply for and receive the loans. A minor league baseball team partly owned by Ohio Gov. Mike DeWine received a loan, as did an investment company led by New Hampshi
Subscribe or log in to read the rest of this content.