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Friday, November 8, 2024

HHS provides $1.3 million to businesses in Fortuna under CARES Act

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Through the fourth quarter of 2020, businesses in Fortuna received $1.3 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 California received $8.6 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 County of Los Angeles with a total of $315.4 million. The average loan size in the city was $69,770 while the state's average loan amount was $175,782.

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
1Fortuna Rehabilitation & Wellness Center, LP$658,194
2Fortuna Family Medical Group, Inc.$175,168
3Redwood Pediatric Medical Group$127,673
4Gabriel Enriquez, D.D.S.$127,139
5Redwood Women's Center$106,110
6Coastal Pathology Medical Associates, Inc.$32,030
7Family Foot Care Specialists Podiatry Center, Inc.$27,695
8Brian D. Calvert$17,379
9Kerisa S Elloway$10,189
10Michael P Belluscio, D.D.S.$9,399
11Alan E. French$9,240
12Jack L. Guccione$7,069
13Michael H Crosbie Chiropractic, Inc.$6,188
14Benjamin Cowell$6,129
15Fortuna Pharmacy, Inc.$2,338
16Noreen Edwards$1,288
17Gale Asti$1,099
18Joy Frasier$710
19Stephanie Demara$592

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