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Category: Paycheck Protection Program

Paycheck Protection loans helped archdiocese, many parishes in first stages of pandemic

by | Feb 23, 2021 | , , , , , , , , | 0 |

The Archdiocese St. Paul and Minneapolis is among dioceses around the country whose central offices received loans from a federal Paycheck Protection Program to help retain employees as the COVID-19 pandemic spread, said Tom Mertens, chief financial officer.

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Dioceses dispute conclusions, methods of AP report on pandemic funding

by | Feb 19, 2021 | , , , , , , , | 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.

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How PPP funding helped one parish weather the 2020 pandemic

by | Feb 16, 2021 | , , , , , , , , | 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.

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