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Friday, November 22, 2024

HHS provides $3.3 million to businesses in Rocky Mount under CARES Act

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Through the fourth quarter of 2020, businesses in Rocky Mount received $3.3 million 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 Virginia received $1.7 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 Inova Health Care Services with a total of $187.5 million. The average loan size in the city was $273,453 while the state's average loan amount was $198,948.

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
1Vistar Eye Center, Inc.$2,143,027
2Rocky Mount Health & Rehab Center, LLC$973,660
3Franklin Company Board of Supervisors$52,375
4Franklin Dental Associates, PLC$42,368
5Park Dental Solutions, PC$19,498
6Kartesz Family Eye Care, Inc.$19,269
7Franklin Respiratory and Medical, Inc.$15,013
8Rocky Mount Chiropractic, Inc.$7,391
9Balanced Choice Chiropractic & Acupuncture$3,508
10Christine Barrett$3,030
11Trochim Family Chiropractic$1,666
12Healing Touch Chiropractic & Wellness, Inc.$634

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