By Cyrus Moulton on April 26, 2020
It’s been criticized for its rollout and for some of its very notable recipients. It also ran out of funds pretty quickly.
But for one local business, the Small Business Administration’s Paycheck Protection Program — a federal loan program aimed at relieving small businesses and organizations affected by the coronavirus pandemic — was a “lifeline.”
“This was a huge, huge safety net,” said Joe Rizzo, the executive director and owner of Accord Adult Day Center in Webster, and another day center in Wareham.
Rizzo said he was awarded $232,600 from the program through Central Mass.-based bankHometown, and was able to bring back a “skeleton crew” of about 10 people to his locations, as well as rehire furloughed employees. He normally has a 38-person, $85,000 payroll.
“PPP was a huge lifeline for me,” he said.
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