CURMUDGUCATION: FL: The Broad Outlines of the PPP Cash-in

CURMUDGUCATION: FL: The Broad Outlines of the PPP Cash-in

FL: The Broad Outlines of the PPP Cash-in

So it turns out that all you have to do to get some charter and voucher schools to admit they're businesses is just wave some sweet, sweet business-purposed money at them. We've heard the individual stories from here and there about this, but a friend of the Curmudgucation Institute sent along an astonishing piece of data crunching.

I don't have a handy way to attach a spreadsheet to this post, but you can do the work yourself if you want to head to the Small Business Administration site then start looking up other info for your state. I'm going to give you the big sweeping picture here. Just how many schools edu-flavored businesses had their hands out in Florida?

Charters

There are around 658 charter schools operating in Florida. At least 102 signed up for a PPP small business loan. Loans are okayed for a range of monies; the highest top amount a charter was okayed for is $5 million. River City Academy, Doral Academy, Youth Co-op Inc, Discovery Education Services, and Odyssey Charter School Inc were at the top for these biggest loans (minimum is $2 million).

Private 

Almost 400 private schools declared themselves small businesses. Of those, about 140 were just private schools, with the rest actually private religious schools (if they didn't call themselves CONTINUE READING: CURMUDGUCATION: FL: The Broad Outlines of the PPP Cash-in