The Paycheck Protection Program paid $150,000 or more — for a total of more than $91 million — to 305 Indian River County businesses employing 12,281 workers, federal records show.
Payments ranging from $2-to-$5 million were made to five Vero Beach employers with more than 200 workers each: Boston Barricade Company, Harbor Chase owner HRA Holdings, Medical Data Systems, Treasure Coast Community Health, and Visiting Nurse Association of the Treasure Coast.
Another 22 companies in Indian River County received $1-to-$2 million in PPP payments, federal records show. They included Bendcare, Quail Valley Club, Saint Edward’s School and Vero Hotel, owner of Vero Beach Hotel & Spa.
The Paycheck Protection Program is part of the $2 trillion coronavirus aid package enacted in March. The PPP is designed to keep small businesses afloat by helping cover payroll, rent, mortgage interest and insurance costs.
The U.S. Small Business Administration oversees the program, which lends money to qualified employers and forgives the loans if at least 60 percent is used for payroll. Congress extended the program until August 8.
The other Indian River County employers that received $1-to-$2 million in PPP payments were:
- Associated Rack Corp.
- Auto Partners 1, owner of Dyer Chevrolet
- Communications International
- Croom Construction Company
- El Dorado Financial
- Energy Solution Services
- Girard Equipment
- Indrio Brands
- Parabel USA
- Primary Care of the Treasure Coast
- Proctor Construction Company
- SS and M Automotive
- Twenty Two Pack Management
- United Against Poverty
- Vatland Imports
- Vero Orthopaedics
- White Glove Holdings of Vero