Pittsburgh Charter Schools Take Federal Bailout Money Meant for Small Businesses
Are charter schools small businesses or public schools?
They can’t be both.
Several Pittsburgh area charter schools took a bailout meant for small businesses after already getting monetary relief meant for public schools.
Environmental Charter School at Frick Park, Hill House Passport Academy Charter School, Manchester Academic Charter School and Penn Hills Charter School of Entrepreneurship all applied for and received substantial low-interest loans from the federal government’s Paycheck Protection Program (PPP).
The $660 billion federal initiative was intended to help businesses keep employees on the payroll and off unemployment benefits during the COVID-19 pandemic. The loans will be forgiven if businesses meet certain conditions such as retaining or rehiring employees.
However, charter schools – including those in the Pittsburgh region – already should have received financial relief through the federal CARES Act.
Pennsylvania got $523 million to distribute to both authentic public schools and CONTINUE READING: Pittsburgh Charter Schools Take Federal Bailout Money Meant for Small Businesses | gadflyonthewallblog