Although a year has passed since the pandemic began, it’s clear that continued and expanded oversight of COVID-19 relief programs is needed. Early indications suggest that the new administration is up to this task.
Blog, March 2021
Like previous covid relief packages, the ARP allocates significant sums to American businesses, both large and small. Specifically, the bill contains almost $107 billion in direct relief to businesses and additional, significant appropriations for various employer tax credits.
March, 9, 2021--Over 5,400 private schools across the country received loans from the Paycheck Protection Program (PPP). In total, these loans amount to an estimated $4.5 billion, or approximately $833,000 per school. Florida’s PPP loan data reveal similar trends. In Florida, more than 350 private schools received an estimated $236 million in PPP loans—approximately $675,000 per school.
However, PPP loans were not the only source of education funds for private schools; some were also eligible for federal grants through the CARES Act Elementary and Secondary Schools Emergency Relief