Businesses at properties owned by the Trump Organization and President Trump’s son-in-law Jared Kushner’s family reportedly received more than two dozen Paycheck Protection Program (PPP) loans worth more than $3.65 million.
An analysis by NBC News of Small Business Administration (SBA) data released Tuesday night found that millions of dollars were given to businesses located at Trump Organization and Kushner Companies properties that pay rent to the two companies.
NBC reported that 15 of those properties self-reported that after receiving the PPP loans, they kept only one employee, did not keep any employees or did not report how many workers they retained.
Among the loans was one for $2,164,543 to the Triomphe Restaurant Corp., located at Trump International Hotel & Tower in New York City. The company reported the money was not used to keep any jobs. The restaurant later closed.
Additionally, NBC reported that two tenants at Trump Tower in New York received more than $100,000 and only kept three jobs, while four tenants at the Kushner Companies-owned 666 5th Avenue received a total of more than $204,000 and held just six jobs.
A company called LB City Inc., which is located at Kushner Companies’ Bungalow Hotel in Long Branch, N.J., kept 155 jobs after receiving a loan for $505,552.50.
The SBA data also showed that more than 100 loans were given to companies where no business name was listed or which stated there was “no name available,” according to NBC.
More than 300 companies appeared to receive more than $10 million in loans, although the loan program stipulated that businesses should not receive that much, except for companies in the food, hospitality or hotels industries.
NBC was one of 11 news organizations that sued the SBA for the data.
Dr. Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases, will be President-elect Joe Biden’s chief medical advisor once Biden enters the White House in January.
Biden on Thursday asked Fauci to take up the role, he told CNN Thursday.
Fauci told NBC’s “Today” show Friday that he had said yes “on the spot.”
Biden’s COVID-19 team met with Fauci for the first time on Thursday.
“I asked him to stay on the exact same role he’s had for the past several presidents, and I asked him to be a chief medical adviser for me as well, and be part of the COVID team,” Biden told CNN.
Dem voters have a habit of ignoring the down ticket & off year races. That’s bad for them because State legislatures write election laws & draw districts.
Kinda hokey, but made me tear up: A family got a racist note after putting up a Black Santa. Soon, neighbors began displaying their own Black Santas. https://www.washingtonpost.com/lifestyle/2020/12/03/black-santa-solidarity/
Cheapskate0 over 3 years ago
Two week delay in full bloom…
kaffekup over 3 years ago
Somehow, the republicans don’t seem all that happy.
Kurtass Premium Member over 3 years ago
Suspend the constitution. Inact martial law. Re-do the election. This from happier?
RobinHood over 3 years ago
I grow increasingly wary of those who feel our differences are more important than that what unites us.
rossevrymn over 3 years ago
let’s see what happens in Georgia………………………right-wing populist, Q-Anon-believin’ Georgians…………….as a protest, don’t vote; the fix is in.
Durak Premium Member over 3 years ago
To be honest, both parties should be glad Trump is gone.
Silly Season over 3 years ago
The grifting is still being uncovered…
~
Businesses at properties owned by the Trump Organization and President Trump’s son-in-law Jared Kushner’s family reportedly received more than two dozen Paycheck Protection Program (PPP) loans worth more than $3.65 million.
An analysis by NBC News of Small Business Administration (SBA) data released Tuesday night found that millions of dollars were given to businesses located at Trump Organization and Kushner Companies properties that pay rent to the two companies.
NBC reported that 15 of those properties self-reported that after receiving the PPP loans, they kept only one employee, did not keep any employees or did not report how many workers they retained.
Among the loans was one for $2,164,543 to the Triomphe Restaurant Corp., located at Trump International Hotel & Tower in New York City. The company reported the money was not used to keep any jobs. The restaurant later closed.
Additionally, NBC reported that two tenants at Trump Tower in New York received more than $100,000 and only kept three jobs, while four tenants at the Kushner Companies-owned 666 5th Avenue received a total of more than $204,000 and held just six jobs.
A company called LB City Inc., which is located at Kushner Companies’ Bungalow Hotel in Long Branch, N.J., kept 155 jobs after receiving a loan for $505,552.50.
The SBA data also showed that more than 100 loans were given to companies where no business name was listed or which stated there was “no name available,” according to NBC.
More than 300 companies appeared to receive more than $10 million in loans, although the loan program stipulated that businesses should not receive that much, except for companies in the food, hospitality or hotels industries.
NBC was one of 11 news organizations that sued the SBA for the data.
~
https://thehill.com/homenews/news/528330-trump-organization-kushner-companies-benefited-from-pandemic-relief-loans
Silly Season over 3 years ago
Dr. Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases, will be President-elect Joe Biden’s chief medical advisor once Biden enters the White House in January.
Biden on Thursday asked Fauci to take up the role, he told CNN Thursday.
Fauci told NBC’s “Today” show Friday that he had said yes “on the spot.”
Biden’s COVID-19 team met with Fauci for the first time on Thursday.
“I asked him to stay on the exact same role he’s had for the past several presidents, and I asked him to be a chief medical adviser for me as well, and be part of the COVID team,” Biden told CNN.
~
https://www.businessinsider.com/biden-asked-fauci-chief-medical-advisor-will-take-vaccine-safe-2020-12
fuzzbucket Premium Member over 3 years ago
Trump has said that he knows he has lost, but he’s continuing the lawsuits to make the transition as difficult as possible.
ChukLitl Premium Member over 3 years ago
Dem voters have a habit of ignoring the down ticket & off year races. That’s bad for them because State legislatures write election laws & draw districts.
William Robbins Premium Member over 3 years ago
Kinda hokey, but made me tear up: A family got a racist note after putting up a Black Santa. Soon, neighbors began displaying their own Black Santas. https://www.washingtonpost.com/lifestyle/2020/12/03/black-santa-solidarity/
Cheapskate0 over 3 years ago
Seeing the comments under kaffekup above, I am forced to conclude:
Donald won.
Maybe not the White House.
But he transformed not just the Republican Party, but all of us in the end:
We now seem to believe that there is no such thing as “losing” an election.
If we lost, the election was stolen.
Heaven knows whether Joe can repair the damage that the Donald has done.
Because, heaven knows, whether those damaged even want the damage to be repaired.