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Tech companies, research institutes cash in on federal loan program

Original post made on Jul 8, 2020

Research institutes, tech companies and hotels were among Midpeninsula's biggest beneficiaries of the federal Paycheck Protection Program, with some recipients getting loans of over $5 million, according to data released this week.

Read the full story here Web Link posted Wednesday, July 8, 2020, 11:18 AM

Comments (3)

Posted by Virginia
a resident of Menlo Park: Sharon Heights
on Jul 8, 2020 at 1:25 pm

It seems imperative to spend our money at the local restaurants that did not receive loan funds.
Their staying power is limited and the food/service may be equal, if not better.

Posted by Who thought this up?
a resident of Menlo Park: Fair Oaks
on Jul 8, 2020 at 5:15 pm

The terms of the loan means the companies won't lay off employees till Oct 1?

Geez, blood on the streets, the month before the election. More proof my Republican Party has completely forgotten how to govern. Bozos in the White House. God help us.

Posted by Concerned
a resident of Atherton: other
on Jul 11, 2020 at 5:15 am

Why is a Family Office in Atherton, based at a home, receiving PPP dollars? Ruder Family investments in Atherton for those who care about not entitled people working the system

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