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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.”
Nine companies affiliated with Gov. Gavin Newsom took the loans to help small businesses survive the pandemic. Newsom put his holdings into a blind trust and so would not have participated in the decision to obtain the loans.
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Gavin Newsom s Companies Received Nearly $3 Million in COVID Relief Loans
On 12/10/20 at 11:09 AM EST
Nine companies affiliated with California Governor Gavin Newsom s PlumpJack Management Group received nearly $3 million in federal loans provided to help small businesses survive the coronavirus pandemic. A spokesperson for the company has defended the payments.
In July, PlumpJack Management Group LLC, Newsom s winery and hospitality company, reported receiving a loan worth between $150,000 and $350,000 through the Small Business Administration s (SBA) Paycheck Protection Program.
However government figures released last week show the true figure given to nine businesses affiliated with Plumpjack stands at nearly $2.9 million.
Governor Gavin Newsom rides on a float during the 2018 San Francisco Pride Parade. PlumpJack Group, partially owned by Newsom, received nearly $2.9m in Coronavrius relief loans through the Paycheck Protection Program
SACRAMENTO — Companies affiliated with California Gov. Gavin Newsom received nearly $3 million in federal loans created to help small businesses survive the pandemic, more than eight times the amount