April
20, 2020
When Congress
unveiled the assistance program for small businesses affected by the COVID-19
pandemic, some corporations interpreted the guidelines literally; companies
that employ thousands and make millions used the guideline of having fewer than
500 employees in one location to stick their hands out. Companies with revenues
of over $100 million lined up and got their money before others even had a
chance to apply.
Among them
were Ruth’s Chris Steak House—and if you’ve ever eaten there, or even looked at
menu prices, you’ll know that this is not some struggling small business—and Shake
Shack.
The
company behind Ruth’s Chris took $20 million, and Shake Shack took $10 million.
Shake Shack
is giving its money back. The company’s
leaders said that they felt that the money should go to small businesses that
didn’t have the reserves it did.
Thanks.
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