Emerging Business Issue: PPP + State COVID Fines

What’s the deal? The federal government administered several rounds of PPP forgivable loan funding for businesses, and all the while some of the businesses that received PPP funding were also find by state enforcement agencies for violating COVID protocols.

Why should we care? Clawing back funding from a bad actor is catnip for politics. Its got the classic elements of someone who did something wrong, a righteous truth seeker, and recovering funds for the state. It is a trifecta of catnip delight.

How can this impact me? You never know when your partners, clients or potential clients or partners end up in this quagmire. Some creative lawmaker will find a way to apply a tax or fee to these businesses.

Governing | Millions Flow to Oregon Firms Cited for COVID Violations