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Capital District Times

Monday, December 23, 2024

HHS provides $2.2 million to businesses in Cohoes under CARES Act

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Through the fourth quarter of 2020, businesses in Cohoes received $2.2 million 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 New York State received $11.9 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 New York City Health and Hospitals Corporation with a total of $1.2 billion. The average loan size in the city was $147,128 while the state's average loan amount was $368,700.

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
1Capital Region Geriatric Center, Inc.$1,316,222
2Troy Ambulance Service, Inc.$573,804
3Vision Imaging of Kingston, LLC$93,884
4The Marjorie Doyle Rockwell Center, Inc.$84,624
5Mary Kathleen W Ditursi P. C., M.D.$62,866
6David Mitola, L. L. C., D.D.S.$18,085
7Comfort Family Dentistry, PLLC$17,762
8Cohoes Eye Associates, LLC$15,024
9Doc Z Family Practice, PC$5,932
10Marras Pharmacy, Inc.$5,524
11Renu Gupta PC, M.D.$5,304
12Robert M. Romaine, D.P.M.$3,574
13Michael Kowal, D.D.S.$2,618
14John Len$1,693
15Restore Occupational and Physical Therapy Speech Language$6

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