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Monday, May 20, 2024

HHS provides $219,869 to businesses in Edgewood under CARES Act

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Through the fourth quarter of 2020, businesses in Edgewood received $219,869 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 Maryland received $2 billion 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 Johns Hopkins Hospital with a total of $126.6 million. The average loan size in the city was $24,430 while the state's average loan amount was $241,470.

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
1Changing Turn Community Healthcare Services$57,457
2Abingdon Fire Company$45,657
3Reynolds Dentistry Pa$28,961
4Joppa Magnolia Volunteer Fire Company, Inc.$28,523
5Chesapeake Contemporary Dentistry Pa$24,144
6Harford on Call Medical Services$18,060
7Harford County Ambulatory Surgery Center$9,464
8Sigafoose Chiropractic Center$3,845
9Infinite Medical Express$3,758

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