The Ohio Democratic Party received a loan of $ 334,000 to provide relief from coronavirus

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The Ohio Democratic Party received a forgivable loan from a federal program to help companies weather the economic fallout from the coronavirus.

The U.S. Small Business Administration approved the loan, which was $ 333,867, according to a campaign funding report, on Jan.

The paycheck protection program was part of trillion dollars in coronavirus aid that Congress approved in the spring when states shut down their economies to prevent the spread of the coronavirus and skyrocket unemployment. The loans are forgivable if the recipients keep the salary level.

More than 140,000 Ohio companies were approved for loans totaling approximately $ 18.4 billion as of the end of June. Governor Mike DeWine’s family-owned minor league baseball team also promoted.

Federal data released on Monday only shows that the party worked for the loan through First Merchants Bank and that it was approved on April 30 for between $ 150,000 and $ 350,000. The party’s State Candidate Fund reveals that it received $ 333,867 from the Small Business Administration on May 6.

It doesn’t show how many jobs should be kept, but Kirstin Alvanitakis, spokeswoman for the Ohio Democratic Party, said it was 20.

“The purpose of the Paycheck Protection Program is to help companies cover payrolls and benefits, and that’s exactly what it was used for – to ensure that our entire team continues to work and earn a paycheck and its health insurance during an unprecedented public health crisis Alvanitakis said in a prepared statement.

In May the party criticized the program in a tweet for the closure of small businesses while at the same time relieving the burden on listed companies.

“With so many small businesses being excluded from PPP loans – while nearly 300 publicly traded companies received more than $ 1 billion from the program – local governments across Ohio are getting involved to help small businesses, often the center their communities are, ”the party wrote in a tweet.

The Ohio Republican Party did not receive any federal loan. The executive director of the GOP of the state Rob Secaur wrote in a tweet that the Democrats sought “handouts” in the face of a financial crisis while his party persevered “through hard work and determination.”

Ohio GOP spokesman Evan Machan said in a statement, “We did not have to apply for these funds. Under Chairman Timken’s leadership, our financial situation is strong and we have never been in danger of failing to get a paycheck.”

“The ODP used these funds for campaigns that could have gone to small businesses, but at the same time publicly complained about the program. (Democratic Chairman of Ohio) David Pepper is a hypocrite and should repay these loans immediately. “

This report was provided by The Columbus disposition, Part of the USA TODAY Network.


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