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Fisher Island homeowner’s association gets $2M coronavirus loan

Florida’s bougie Fisher Island community â€? a haven for the ultra-wealthy â€? was approved for the $2 million federal loan by way of the Paycheck Protection Program which in turn is meant to help small enterprises during the coronavirus crisis, the report said Thursday.

The Fisher Island Community Association explained in a Wednesday email the fact that it was polling its citizens on whether to accept typically the loan, which the board regarding directors had applied for April 4 and was approved regarding Monday, the Miami Herald claimed.

“It is very important to the board of directors to take into consideration the views of our members. It is also important to the board that the right decision is made for the island,” your message said, in respect to the outlet.

Membership for the Fisher Island Community Association, the Master Homeownersâ€? Association of Fisher Island,  includes these who purchase property on typically the island and distinguishes the girls coming from the Fisher Island Club, which in turn costs a lofty $250, 000 to join.

The loan approval comes as other relatively well-funded ventures have also arrive under scrutiny for taking financial loans under the program.

Ruth’s Chris Steak House â€? which in turn operates more than 100 eateries in North America â€? linked burger chain ShakeShack in revisiting the $20 million small organization loan it received, it had been revealed earlier Thursday.

Harvard University, which has an diathesis of $40. 9 billion, likewise finally agreed to return typically the money it got under the similar fund, the CARES Act Higher Education Emergency Relief Fund.

Senate Majority Leader Mitch McConnell said Tuesday that substantial employers taking from your special coronavirus funds create “an interesting debate.”

“You could make an argument that if my job was lost, the size of my employer doesn’t make any difference to me. I’m out of work. So it’s an interesting debate,” he / she said.


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