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Tuesday, November 5, 2024

HHS provides $5.5 million to businesses in Montevideo under CARES Act

Genbusiness010

Through the fourth quarter of 2020, businesses in Montevideo received $5.5 million 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 $460,396 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
1CCM Health$4,778,912
2Luther Haven$582,538
3Chippewa Enterprises, Inc.$97,579
4Brookside Senior Living$30,765
5Steven G Beals, PA, OD$15,334
6Gunlogson Family Chiropractic, P. A.$6,020
7Jeffrey B Anderson PLLC, OD$4,100
8Opdahl Chiropractic Pa$3,596
9Moseng Chiropractic Pllp$2,388
10River Valley Anesthesia PA$1,840
11Knutson Counseling & Seminars, Inc.$1,658
12Hearing Care by Gina, LLC$18

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