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July 7, 2020 06:05 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/q5H1NVkXF8U/billionaire-backed-codeorg-received-1-2-million-federal-ppp-loan
Billionaire-Backed Code.org Received $1-2 Million Federal PPP Loan
theodp writes: Code.org's $10+ million "Diamond" supporters include Microsoft, Facebook, Amazon, and Infosys. Its $3+ million "Platinum" supporters include Google, the Gates Foundation, and the Ballmer Group. And its $1+ million "Gold" supporters include Jeff Bezos and Bill Gates, the world's two richest men. So, it was somewhat surprising to see the nonprofit -- which is dedicated to pushing CS into K-12 classrooms -- pop up on the list of Seattle-area tech companies that received a PPP loan from the federal government. According to Paycheck Protection Program data released by the SBA and Treasury, Code.org was approved on April 15th for a loan between $1-2 million to retain 81 jobs due to the pandemic. Khan Academy, another pet nonprofit of Gates and other billionaires, received approval for a $2-5 million PPP loan to retain 185 jobs.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/q5H1NVkXF8U/billionaire-backed-codeorg-received-1-2-million-federal-ppp-loan
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