Business
Critics want 1,100 charter schools to repay more than $1 billion in PPP loans to government
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- USA TODAY found 1,139 U.S. charter schools had $1 billion in PPP loans forgiven.
- The investigation found nearly all – 93% – lost no money during the pandemic.
- Critics want Small Business Administration to get PPP repayments from charter schools.
The Biden administration has promised to go after those who may have abused federal financial assistance during the pandemic, and charter schools could be one of the industries under scrutiny.
The publicly funded but privately operated schools that teach a fraction of U.S. children obtained more than $1 billion in forgiven Paycheck Protection Program loans designed to help struggling small businesses during the pandemic.
A USA TODAY investigation found more than 1,100 U.S. charter schools had those loans forgiven, but 93% of them may not have needed the money because they were in states that continued to fund their operations at the same level as before the pandemic, or at even higher levels in some cases.
The loan program had enough leeway to allow small businesses, including charter schools, to qualify without showing any financial need. Federal regulations only required businesses seeking the loans to say they faced “economic uncertainty” and the money was necessary to support ongoing operations.
USA TODAY CHARTER SCHOOL INVESTIGATION:Taxpayers covered $28M in PPP loans for KIPP Foundation’s charter schools despite its $75M in assets
‘THE ETHICAL THING TO DO’:Why this small San Diego charter school passed on COVID PPP loans
A congresswoman and fiscal watchdogs are calling upon the federal Small Business Administration (SBA), which administered the loan forgiveness program, to claw back some of that money.
Charter schools’ PPP loans
USA TODAY examined documents from the Internal Revenue Service, SBA, state Departments of Education and charter schools, and interviewed dozens of people, including education experts and watchdogs to find:
►The range of forgiven loans for 1,139 charter schools in 37 states was $150,746 to $9.8 million.
►Some charter schools used the money to increase savings accounts or, in one case, hand millions of dollars to an investor.
►A small San Diego charter chain that serves low-income children turned down a $3 million PPP loan, saying taking the money was unethical because California cut no funding to public schools.
►One California charter chain obtained $32.7 million in PPP loans by using 12 separate nonprofit companies that are linked to different schools to get the money. All of the loans were sent to the same address in Lancaster. The chain, Learn4Life, denied any wrongdoing.
►KIPP, one of the largest charter chains in the country, saw its bottom line swell by $27 million in fiscal 2020. However, 14 of its affiliate organizations across the country had $28.4 million in PPP loans forgiven. KIPP said its affiliates had additional financial needs.
Have a tip on business or investigative stories? Reach the reporter at craig.harris@usatoday.com or 602-509-3613 or on Twitter @CraigHarrisUSAT or linkedin.com/in/craig-harris-70024030/
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If you own a business, you know that it can be a challenging and draining job. The added responsibilities of being a business owner can sometimes feel like a full-time job in and of themselves. To make sure that you are well-equipped to run your business, you need to hire the right employees and stay on top of frequent tasks and appointments. One of the most important tasks for any business owner is keeping their business safe from potential threats and dangers. This means that you need to have a solid plan in place for hiring security and risk management. Once you understand the different options available, it’s time to learn about the pros and cons of each so that you can make the right decision for your business. Here’s everything you need to know about hiring a business security company.
Hiring A Security Company Hiring a business security company is one of the most important steps that you can take as a business owner. With so many companies trying to take advantage of vulnerable business owners, it’s important to know who you can trust. That’s why choosing the right security company is essential. You want to make sure that the people you hire to keep you safe are trustworthy and competent, which is why doing your research is so important. There are many things to consider when hiring a security company, including price, experience, and licensing.
Why Hire Security Services?
There are many reasons why you should choose to hire a security company, including the following: Hiring a security company can help to reduce your risk of a cyberattack. Hackers and cybercriminals target businesses all the time, which means that you need to have a plan in place for protecting your data and network. That means installing antivirus software, updating your operating system, and using strong passwords. You also need to train employees to protect themselves online. Hiring a security company can help to reduce your risk of a data breach. Every business’s data is important, and it is important to protect it. This can be challenging when you are just one person. That’s why hiring a security company can help to reduce your risk of a data breach.
The Different Types of Business Security
There are many different types of security that you can choose from when hiring security services. These include the following:
Access Control – Access control measures determine who can access your property and what they can do there. These can include lease conditions, hours of operation, and restrictions on the number of visitors. If a potential intruder attempts to enter your property without authorization, access control can help to stop them.
Burglary – Burglary is the act of breaking into a building or property with the intent to steal. This can include your building, shop, or home.
Security Systems – security systems can include a wide range of products, including surveillance cameras, sensors, and intercom systems. These systems can connect to a home network and allow you to monitor your property from a smartphone app.
Alarm Monitoring – Alarm monitoring services help to ensure that you are notified if a security breach occurs. This can include things like an attempted break-in or the activation of an alarm. Police Protection – Many cities and counties provide security officers as part of a contract with local businesses. These officers are there to help to maintain order and ensure that your property is secure.
The Benefits of Hiring Security Professionals
Here are some of the benefits of hiring security professionals that you may not have considered before:
Better Risk Management – When you hire security professionals, you get better risk management. This is because they are specially trained to assess the risks and help to mitigate them. They can do this by installing security devices and improving access control. Better Operational Security – This benefit centers around the idea of better operational security. When you hire a security company, you get better security from top to bottom. This can help to reduce your risk of a data breach and also help to protect your business from cyberattacks. Better Protection – Hiring security professionals can help to protect your property and assets. This can include things like surveillance cameras, alarms, and access control.
On the other hand, hiring a security company can have its benefits as well. These include the following:
Better Track Record – When you hire a security company, you get a better track record. They have deeper pockets and are therefore more likely to have better equipment. This means that you are more likely to have better protection, better risk management, and better operational security.
Researched – Before you hire a single contractor, you can research them using a variety of resources. This includes newspaper articles, online databases, and business databases.
Look Into Risk Management
Risk management is a crucial part of any security plan. This is because you need to understand and accept your level of risk. If you do not understand your level of risk, it is very likely that you will under protect your business. This can lead to poor decision-making and an increased risk of damage or loss. When it comes to risk management, it is advised to take the following steps: Determine your level of risk. This can involve looking at the threats that affect your business and your level of preparedness to deal with them. Then, determine the best course of action to reduce that risk. For example, if you think that there is a high risk of a cyberattack, then you
should consider installing antivirus software on all computers and keeping antivirus software updated.
Conclusion
Business security can be tricky, but it doesn’t have to be if you know where to look. This article has provided you with everything you need to know about hiring a security company. Whether you are looking for protection or looking for ways to reduce your risk, this guide has got you covered.
Ryan Garcia Net Worth: $10 million
Ryan Garcia is an American expert fighter who competes in the lightweight and super featherweight categories. Garcia also won the interim WBC lightweight title and held the title from January 2021 to May 2021.
Garcia started boxing at age seven. He is a 15-time public rookie champion and has a rookie record of 215-15.
On June 9, 2016, Garcia became a skilled wrestler at age 17. He fought in his first expert session against Edgar Meza in Tijuana and dominated the game by technical knockout. Then at that time, he before long supported Golden Boy Promotions in November 2016.
Have you ever considered what Ryan Garcia’s net worth is? In fact, the American fighter is probably the best lightweight in the division and has become one of the best-known fighters on the planet. Therefore, Ryan Garcia, as of 2021, has a net worth of $ 10 million. This post will walk you through how he progressed.
Ryan Garcia Early life
Garcia was brought into the world on August 8, 1998, in Victorville, California, to Henry and Lisa Garcia. He has three sisters: Demi, Sasha, and Kayla, as well as a younger brother, Sean.
Boxing was always a part of Garica’s life growing up, his father was a boxing coach, and his uncle Sergio was an expert fighter. At age seven, Garcia would begin his boxing adventure. This would be the start of something exceptionally amazing, and he would immediately become the best fighter in the family.
From 2008-2016 García would rule the rookie positions, achieving 215 successes and 15 misfortunes. He also won three featherweight titles and was named the 2017 Prospect of the Year by Espn.
Ryan Garcia Profession
Garcia was prepared to justify himself on an expert level, and, at 17, he would make his brilliant boxing debut against Edgar Meza. He would win the session by TKO, and his great performance earned him a deal with the prestigious Golden Boy Promotions firm.
The signing would push him up the ranks, and he would quickly challenge Romero Duno for the WBC silver lightweight title. Garcia destroyed Duno and eliminated him in the first round, winning his first expert title.
Ryan Garcia Net Worth 2021
As of 2021, Ryan Garcia has a net worth of $10 million. He marked a five-year tenure as Golden Boy Entertainment and got around six figures for every battle. He has become an online media star, allowing him to benefit from posts on Instagram and Tik Tok. Garcia is only 23 years old, and as of now, he is probably the biggest name in boxing. In the long run, his dominance will continue to develop, along with his wealth.
Read more: Bottled and Jarred Packaged Goods, What are they?
The difficulty shows a genuine person: Garcia was overwhelming his battles overall, effectively winning by knockout in the early adjustments. He was knocked down early when he fought Campbell, but he didn’t give up and ended up as the winner. Showing the core of a genuine hero, you have no idea what you are really fit for until you run into difficulties. So when faced with a test, accept this because it shows who you really are.
Brand Your Own Brand: Garcia is a fighter above all else, yet his prosperity as a web-based media persona has made him an easily recognizable name. In the event that he is starting a business or selling an item, promotion is essential. Use web-based media to get the full potential benefit from him and take his image to the next level.
Ryan Garcia Salary
As indicated by richypersons.com, Garcia is counted as having a net worth of $ 12 million out of every 2021. The vast majority of his net worth are derived from his rewards and support.
Furthermore, there is no verified data on his compensation.
Ryan García Personal life
Brought into the world in Victorville, California, United States, Garcia is the son of Henry Garcia and Lisa Garcia.
Garcia has three sisters named Demi, Sasha, and Kayla. Also, he has a brother named Sean Garcia, who is also a wrestler.
Garcia is dating Drea Celina Garcia right now. As sources indicate, Drea is a web-based media force to be reckoned with and a master of wellness from Mexico. Garcia was previously dating Catherine Gamez.
The 22-year-old wrestler also has two girls named Rylie Garcia and Bela Garcia. Rylie is the girl of his ex, Catherine, and Bela is the girl of his current girlfriend, Drea.
Endorsements from Ryan Garcia
There is no meaningful data accessible regarding Garcia’s endorsements and sponsorships. In any case, it is to be expected that he will enter into some underwriting agreements from different organizations and from his promotional company, Golden Boy Promotions.
Read More: Tory lanez and What is Tory Lanez Net Worth
Business
As more marijuana dispensaries get targeted by robbers, SAFE Banking Act lingers in Congress
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A bill that could allow electronic transactions at weed dispensaries nationwide is again make its way through Congress but the SAFE Banking Act might not be the cure-all that supporters envision.
In over a decade of operating cannabis shops in Washington, Shea Hynes never once worried about his stores getting robbed at gun point – until recently: In a span of three weeks, his stores were robbed three different times at gun point.
Reports of armed robberies at cannabis dispensaries like Hynes’ have nearly doubled in the first quarter of this year compared with all of last year, according to data maintained by the Craft Cannabis Coalition. The group, which represents more than 50 stores in Washington, has recorded more than 65 armed robberies so far this year, compared with 35 in 2021 and 29 in 2020.
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