by Penka Arsova
Companies affiliated with California Gov. Gavin Newsom received almost $3 million in federal loans under a program meant to help small businesses stay afloat amid the pandemic.
The story: At least nine businesses where Newsom holds partial ownership have received Paycheck Protection Program loans According to recently released data by the Small Business Administration, the agency that was in charge of the PPP loans, businesses under the PlumpJack Group umbrella received a little under $3 million.
Worth noting: Newsom put his business holdings into a blind trust before he took office, according to his communications director Jesse Melgar. Melgar pointed out that it’s “a step that goes beyond anything required by law.”
This means the California governor likely did not take part in the decision to obtain federal loans.