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by bcadmin | Feb 19, 2021 | 2020 CARES Act, Associated Press, Diocesan Fiscal Management Conference, News, Pandemic funding, Paycheck Protection Program, PPP, U.S. & World News | 0 |
U.S. dioceses are crying foul over an investigative report on coronavirus relief funding they say grossly mischaracterized the Catholic Church’s finances and unrestricted cash flows, leaving the crass impression the church used the 2020 CARES Act to hoard cash.
Read Moreby bcadmin | Feb 16, 2021 | California, Diocesan Fiscal Management Conference, News, parish, Paycheck Protection Program, PPP, St. Francis of Assisi Parish, U.S. & World News, Vista | 0 |
If last year’s Paycheck Protection Program was like a matching grant, prompting recipients to stretch resources in order to maintain payroll and stay afloat during the pandemic spring, then it achieved that goal, according to one participating church.
Read Moreby bcadmin | Jul 14, 2020 | Church communities, Diocesan Fiscal Management Conference, News, Paycheck Protection Program, PPP loans, U.S. & World News | 0 |
Catholic entities that took part in the Paycheck Protection Program said the federal emergency bridge loans translated into rapid assistance for their communities in the early months of the pandemic’s economic impact.
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