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Tech companies, research institutes cash in on federal loan program

Original post made on Jul 8, 2020

Research institutes, tech companies and hotels were among Midpeninsula's biggest beneficiaries of the federal Paycheck Protection Program, with some recipients getting loans of over $5 million, according to data released this week.

Read the full story here Web Link posted Wednesday, July 8, 2020, 9:50 AM

Comments (4)

12 people like this
Posted by Give it Back
a resident of Another Palo Alto neighborhood
on Jul 8, 2020 at 10:57 am

Spieker Company is building on the former VTA site at El Camino and Oregon Expressway. It's big, very successful and been in buisness for decades.
The Spieker family is a local billionaire clan.
Grabbing money cause it can.
Sandhill Property Company and Hohbach-Lewin.
Did you all enjoy the Trump tax cuts?

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Posted by John Young
a resident of Crescent Park
on Jul 8, 2020 at 11:45 am

The attached pdf is messed up; these figures are sorted *both* by deal size and by city alphabetically... meaning that someone incorrectly used filters in excel probably. Would be great to see this list, but as is, it is deceptive and wrong.


Moderator's Note:

The PDF is sorted first by city, then within city by the amount loaned and then alphabetically. We will be posting a link to an Excel version so you can sort it any way you wish, but there is nothing wrong or deceptive about the PDF list as presented.

4 people like this
Posted by Cameron Turner
a resident of Professorville
on Jul 8, 2020 at 2:18 pm

Here is a map of the data published above. Web Link

10 people like this
Posted by neighbor
a resident of Another Palo Alto neighborhood
on Jul 8, 2020 at 7:18 pm

To "Give it Back" - you mean the same Spieker "clan" that donates hundreds of millions of dollars to the local community and schools? Educate yourself before you slander one of the local firms that has done well and gives back. There are lots of local tech executives who don't do a thing for the community. It would be wonderful if others would follow their philanthropic lead.

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