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Thursday, November 21, 2024

HHS provides $745,496 to businesses in Waseca under CARES Act

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Through the fourth quarter of 2020, businesses in Waseca received $745,496 in health-related relief from the CARES Act issued by the Department of Health and Human Services.

According to numbers reported through the fourth quarter of 2020, businesses in Minnesota received $1.9 billion in health-related relief from the CARES Act issued by the Department of Health and Human Services. The largest recipient of funding in the state was Allina Health System with a total of $152.2 million. The average loan size in the city was $53,250 while the state's average loan amount was $352,102.

Of the money distributed, $30 billion went out automatically to health providers based on previous year medicare payments. If the money wasn't returned within 90 days the provider is then automatically entered into the repayment terms that are issued by HHS. With the money going out automatically and the rules constantly changing, some of the businesses that received the money weren't eligible to receive it once the final rules were sent out.

According to the Department of Health and Human Services, this information represents the list of providers that received a payment from the General Distribution, High Impact Targeted Allocation, Safety Net Hospitals, Non-Medicare, Rural Targeted Allocation and/or the Skilled Nursing Facility Targeted Allocation of the Provider Relief Fund and who have attested to receiving one or more payments and agreed to the Terms and Conditions as of July 8, 2020.

All PPP loan recipients
RankBusinessDollar Amount Received
1Lake Shore INN Nursing Home, Inc.$352,828
2Independent Counseling & Advocacy Network, Inc.$99,375
3Garkat, Inc.$76,807
4Coborns, Inc.$65,398
5Come Home, Inc.$45,691
6Jerald L Monson JR, OD$27,902
7Jobs Plus Incorporated$26,510
8Advanced Foot & Ankle Clinic, LLP$19,191
9Latham Place, LLC$14,763
10Dr. Michael Harvey D.P.A.$4,939
11J M Gutfleisch$4,569
12Mairs Chiropractic, Inc.$4,518
13Compassionate Counseling Services$2,545
14Waseca Family Chiropractic Clinic, Inc.$460

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