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Mohawk Valley Times

Sunday, November 24, 2024

HHS provides $2.6 million to businesses in Herkimer under CARES Act

Genbusiness007

Through the fourth quarter of 2020, businesses in Herkimer received $2.6 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 New York State received $11.9 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 New York City Health and Hospitals Corporation with a total of $1.2 billion. The average loan size in the city was $106,263 while the state's average loan amount was $368,700.

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
1Valley Health Services, Inc.$1,026,857
2Foltscare, LLC$910,903
3Nysarc Herkimer County Chapter, Inc.$349,178
4Caruso Orthodontics, PC$90,182
5Valley Residential Services, Inc.$38,050
6Hilario Melo$37,059
7Claxton Manor, LLC$27,230
8Central New York Physiatry, P.C.$9,653
9Wadas Optometric Group, PC$9,244
10Stephen J Miklethun PC, D.D.S.$9,227
11MV Medical Practice, PC$8,284
12Cuda Counseling LCSW, PLLC$7,943
13Amir Minasazi$5,340
14Mark M. Ainsworth$5,333
15Herkimer County$4,673
16DRS Luck & Golden Optometrists, PC$3,511
17Jonathan T Small Physical Therapy, PLLC$2,551
18Priscilla Garlock$1,885
19Upstate Family Chiropractic, P.C.$1,532
20Catherine E. Bowne$755
21David P. Jalowiec$665
22Marvin Rabinowitz$139
23Mark Lundquist$74
24Lori Myers$47

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