70% of US Olympic organizations applied for PPP funds

[Opti]

www.msn.com/en-us/money/markets/report-70-of-us-olympic-sports-applied-for-ppp-funds/ar-BB13OGHi?ocid=spartandhp

At least 70% of U.S. Olympic sports organizations have applied for government funds during the coronavirus pandemic, according to The Associated Press. It's a stark financial reality that underscores the frailties within the world's most dominant Olympic sports system.


Not sure how I feel about this. You?

[kadee79]

I am more concerned with this ....the Catholic churches...than with Olympics...

As suffering small businesses around the country clamor for much-needed loans from the federal Paycheck Protection Program, news of prominent national chains receiving millions of dollars sparked an outcry among owners of smaller businesses who have been shut out. Now, many will likely be surprised to learn that between 12,000 and 13,000 of the 17,000 Catholic churches in the U.S. also applied for those coveted PPP loans.



Pat Markey, the executive director of the Diocesan Fiscal Management Conference, an association of finance officers from Catholic dioceses, estimates that around 6,000 Catholic parishes had their applications for federal funding approved in the first round of PPP and around 3,000 have received loans so far in the second round.

While most people likely don't think of Catholic churches as small businesses, Markey says houses of worship and their affiliated schools are trying to keep employees on their payrolls as well.

www.cbsnews.com/news/catholic-churches-paycheck-protection-program-12000-applied-9000-got/

I don't think ANY tax $$$ should be supporting ANY church.

[dondub]

No way is that acceptable. Will they use the money to pay child rape settlements?

[Opti]

Crap, I did not know that Kadee. I thought churches were not entitled to federal funds, even the schools. There are lots of private religious schools in the US, I wonder how many applied and got funding?