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Stock impact report

Why not-so-small businesses benefited from small-business rescue [MSN Money]

MiMedx Group, Inc (MDXG) 
Last mimedx group, inc earnings: 4/28 07:00 am Check Earnings Report
Company Research Source: MSN Money
While some mom-and-pop busins waited in vain for their share of a federal bailout, a 700-person biotech firm that rectly paid a multimillion-dollar settlemt to the Justice Departmt was approved for one.Load ErrorA steel fabricator with 795 employe was too. So was a telecommunications company that has ,70 workers, 700 of them based in the U.S.The Paycheck Protection Program, touted as a Covid-9 lifeline for busins with fewer than 500 workers, provided ts of millions of dollars in loans to firms with far larger payrolls than that, according to disclosur filed by publicly traded firms that received the aid. Compani with as many as ,500 workers could accs the program -- thanks to obscure federal rul that in 06 redefined what constitut a “small” busins.“We are frustrated that this is happing because we do feel like our members are getting boxed out,” said Kar Harned, executive director of the National Federation of Indepdt Busins Legal Cter. “They feel like once again they’re getting shor Show less Read more
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