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Governors' companies among recipients of virus relief loans

Posted On: Jul 6, 2020   |   Posted By: My Sanantonio

COLUMBUS, Ohio - 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 show.
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 part-owned by Ohio Gov. Mike DeWine received a loan, as did an investment company led by New Hampshire Gov. Chris Sununu's family. A communications company in which New Jersey Gov. Phil Murphy has a stake, and a winery and hospitality company founded by California Gov. Gavin Newsom also were beneficiaries. At least six of billionaire West Virginia Gov. Jim Justice's...

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