Overview of the work grant recipients reveals an airline that received vast amounts in federal funds; at the least two national corporations that gotten multiple grantsвЂ”each for the utmost $250,000 amountвЂ”by using under various subsidiaries; and a large number of nation, tennis and yacht clubs.
State Senator Paul Newton (R-Cabarrus) helped compose the bill that created the grant system. He stated the need for the system became obvious to him while he was participating at A black business round-table hosted by the Fredrick Douglas Foundation.
They said to me was, вЂsome of us donвЂ™t have the traditional banking relationships, so those who did jumped ahead of usвЂњAs I listened to these Black business owners describe their frustration with getting PPP loans, essentially what. So, they certainly were already in the beginning obstructs and weвЂ™re nevertheless piecing together our beginning obstructs.вЂ™ So they payday loans in Arizona really missed down in the PPP,вЂќ Newton explained.
вЂњYouвЂ™ll see one of many requirements in this program that is particular this state program is the fact that it really is for many who would not be eligible for, whatever explanation, for just about any other loan or grant programs.вЂќ
But Allegiant Airlines managed to get a $250,000 state task retention grant, despite having taken $171 million in federal relief funds early in the day in 2010.