And they're not paying it back? That's the question I'm asking. Prove me wrong. |
They won’t because they can’t. |
All PPP loans that were legally obtained were forgiven. |
The only requirement for the PPP loan was to advertise that jobs were available. They did not have to hire or retain staff. Momofuku got a $1.48M PPP loan in April 2020/March 2021. Immediately shut down its DC location and kept its NY and Las Vegas locations. Just reshuffle of money but staff fired. https://www.federalpay.org/paycheck-protection-program/momofuku-171-first-avenue-llc-new-york-ny https://www.bizjournals.com/washington/news/2020/05/13/momofuku-permanently-closes-citycenterdc-location.html |
| Yea, the PPP thing is confusing at best. I may be wrong about how it worked and how many restaurants took advantage of it. My bad. Still, I think it's lame to justify doing something assholic by saying "others did it too." |
Care to elaborate, or should I just assume the undertones here were intentional? |
We're not saying 'others did it too' we're saying 'Sidwell did it right in contrast to others'. |
Check the other thread. PP is mad that Sidwell's WINNING basketball team, the #1 in the nation, is...playing games. Like what? That's good for the team, the players who will get recruited at competitive colleges, and the potential future enrollment pool for Sidwell itself not to mention donations from parents who want to be associated with high caliber, winning schools. |
Did it, though? There was a finite amount of money available, and it's not like Sidwell was in any danger of closing. Most educational institutions on solid financial footing didn't go after government money. It wasn't Sidwell's finest moment. |
| I am not paying for that increase. I am done with this school. Somebody else can take my kid’s seat. |
| Just curious...how much do teachers get paid? |
Not enough. |
where are you going? |
15 year teacher 70-80ish |
Nowhere. All the comparative schools in the city raised their prices last year, boarding school is more expensive, and public schools is worst off. |