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North Iowa Reporter

Tuesday, December 24, 2024

HHS provides $535,084 to businesses in Clear Lake under CARES Act

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Through the fourth quarter of 2020, businesses in Clear Lake received $535,084 in health-related relief from the CARES Act issued by the Department of Health and Human Services.

According to numbers reported through the fourth quarter of 2020, businesses in Iowa received $1.1 billion in health-related relief from the CARES Act issued by the Department of Health and Human Services. The largest recipient of funding in the state was State University of Iowa with a total of $62.3 million. The average loan size in the city was $41,160 while the state's average loan amount was $293,046.

Of the money distributed, $30 billion went out automatically to health providers based on previous year medicare payments. If the money wasn't returned within 90 days the provider is then automatically entered into the repayment terms that are issued by HHS. With the money going out automatically and the rules constantly changing, some of the businesses that received the money weren't eligible to receive it once the final rules were sent out.

According to the Department of Health and Human Services, this information represents the list of providers that received a payment from the General Distribution, High Impact Targeted Allocation, Safety Net Hospitals, Non-Medicare, Rural Targeted Allocation and/or the Skilled Nursing Facility Targeted Allocation of the Provider Relief Fund and who have attested to receiving one or more payments and agreed to the Terms and Conditions as of July 8, 2020.

All PPP loan recipients
RankBusinessDollar Amount Received
1One Vision$430,536
2Jacob D Sorensen, PLC$27,594
3Mark J Scribbins, P. C., D.D.S.$20,922
4Hilary Reynolds PC, D.D.S.$13,732
5City of Clear Lake City Clerk$12,226
6Optimum Health Chiropractic$9,878
7DR Karen Anderson, PC$5,722
8Jeffery Anderson$5,720
9Martinek Physical Therapy, PLC$4,021
10Todd Hocraffer$3,639
11Kathleen Voortmann$910
12Gwen Hohman Bultje$114
13Stephen Holbrook$70

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