At least eight companies affiliated with California Gov. Gavin Newsom collectively received millions of dollars from the coronavirus-related Paycheck Protection Program (PPP), according to reports released by the US government and analyzed by ABC7.
In 1992, Newsom founded the company “PlumpJack,” and under his leadership, the PlumpJack Management Group LLC grew to include five restaurants and bars, four Napa Valley wineries, a ski resort and retail establishments, according to PlumpJackWinery.com.
The newly-released reports indicate that the PlumpJack companies received $2.9 million dollars through the Small Business Administration’s Paycheck Protection Program.
According to reports by the SBA, one company received a loan for $918,720 on April 14, 2020. The SBA requires at least 60% of the loan be used to cover employee wages. This company had 14 employees. Hypothetically, if divided equally, each employee would received around $40,000 to cover their salary over a three month period – that would amount to an annual salary of around $160,000 per employee.
Sean Moulton, a senior policy analyst with Project on Government Oversight specializes in tracking PPP funds.
“It’s unexpected for a 14 employee organization to get nearly $1 million,” he said. “The purpose behind this program was to save entry-level jobs, people going in and working on that paycheck. That was what we put this out there for, to stop unemployment.”
On average, the small business loan for California companies with 14 employees was around $128,000. A PlumpJack company that also had 14 employees received more than seven times that amount at $918,720.
The PlumpJack Managment Group released a statement to ABC7, “”Like many other companies facing extreme financial duress during the pandemic, we used loan monies to protect our workers and keep them employed. Our staff members and their loved ones have depended on these programs for their livelihoods. Gavin Newsom is not affiliated with the operation of the companies in any way. Any suggestion otherwise is unequivocally false,” said Jeff Nead, spokesperson for the PlumpJack Management Group.
Newsom put his business holdings into a blind trust before he took office last year and is not affiliated with the operations of the companies, however, he is listed as the founder on the website and his sister, Hilary Newsom, is listed as the company’s President and Partner.
You can follow Annaliese Levy on Twitter @Annalieselevy
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No help at our border, but Biden announces $5 billion going to bike paths, wider sidewalks
In the world of Democrat delusion, they think $5 billion is necessary, at this point in time, to make bike paths and widen side walks. You cannot make this up. They have approved $40 billion in aide to Ukraine in a heartbeat under President Biden, while having rejected former President Trump’s request for a mere $5 billion to secure our border.
The news also comes as fentanyl and the drug overdoses are the number one cause of death in the U.S. There’s also an increase in human smuggling and extortion to pay to cross the border. But no; let’s make some bike paths and widen sidewalks. That is an immediate emergency.
Transportation Secretary Pete Buttigieg announced Monday that money will be used over five years under his department’s new “Safe Streets & Roads for All” program. The $5 billion ini federals funds will be used “to slow down cars chia more speed cameras, carve out bike paths and wider sidewalks and urging commuters to public transit” reports Daily Mail.
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The desire to fix roads is a noble one, as “road traffic injuries also are the leading cause of death among young people aged 5-29. Young adults aged 15-4 account for more than half of all road deaths” reports Daily Mail, which adds:
Still, much of the federal roadmap relies on cooperation from cities and states, and it could take months if not years to fully implement with discernible results – too late to soothe 2022 midterm voters unsettled by this and other pandemic-related ills, such as rising crime.
The latest U.S. guidance Monday invites cities and localities to sketch out safety plans in their applications for the federal grants, which are to be awarded late this year.
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