9 Companies With Gov Newsom Ties Received Nearly $3M in PPP Loans 980waav.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 980waav.com Daily Mail and Mail on Sunday newspapers.
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Several companies affiliated with one California Gov. Gavin Newsom founded 28 years ago received nearly $3 million in the coronavirus-related Paycheck Protection Program while other small businesses failed to receive funds, according to reports.
The money from the Small Business Administration-run program was dispersed among nine businesses associated with PlumpJack, a wine business Newsom started in 1992.
The governor put his business holdings in a blind trust before he took office in January 2019 and wouldn’t have been part of any loan decisions. But Sean Moulton of the nonpartisan Project On Government Oversight said the companies could have been given preferential treatment “not because the governor asked for it, but because of all the connections that exist.”