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The Washington Post: Charter schools and their management companies won at least $925 million in federal coronavirus funding, data shows

The Washington Post, July 27, 2020: Charter schools and their management companies won at least $925 million in federal coronavirus funding, data shows

The Paycheck Protection Program, or PPP, is a $660 billion business loan program established as part of the $2 trillion coronavirus economic stimulus legislation that Congress passed in the spring. PPP was aimed at helping certain small businesses, nonprofit organizations, sole proprietors and others stay in business during the economic downturn caused by the coronavirus pandemic.

The U.S. Small Business Administration administered the program, and recently the SBA and the Treasury Department released some data on what organizations won loans from the program and how much they received. (Some loans can be forgiven if the PPP money is spent on keeping employees on the payroll.)

The release of funding details sparked some controversy about whether some of the organizations that received funds should have gotten them, including public charter schools — which are publicly funded but privately operated — and some elite private schools. (A Washington Post database shows the data.)

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