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Sunday, November 24, 2024

HHS provides $346,909 to businesses in Stowe under CARES Act

Genbusiness005

Through the fourth quarter of 2020, businesses in Stowe received $346,909 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 Vermont received $207.1 million 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 The University of Vermont Medical Center with a total of $30.7 million. The average loan size in the city was $18,258 while the state's average loan amount was $182,812.

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
1Stowe Family Dentistry, P.C$306,200
2Pinnacle Physical Therapy, Inc.$7,647
3Stowe Personalized Medical Care, PLLC$6,785
4Town of Stowe$5,166
5Noonan Physical Therapy, PC$4,189
6Karin Shearer$4,072
7Cross Border Chiropractic Limited, LLC$3,504
8James Charkalis$2,714
9Kirsten Alexander$2,169
10Tamara Bisbee$2,057
11Ally Wise Counseling, LLC$815
12Kathleen Doehla$628
13Visions, Inc.$320
14Jason Charkalis$235
15Dawn Palladino$210
16BPS Health, LLC$109
17Stephen Knight$44
18Dorothy Brodmann$25
19Barbara Puddicombe$20

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