{"id":2458467,"date":"2020-05-14T21:28:00","date_gmt":"2020-05-15T03:28:00","guid":{"rendered":"https:\/\/www.aspentimes.com\/?p=325766"},"modified":"2020-05-14T21:28:00","modified_gmt":"2020-05-15T03:28:00","slug":"aspen-institute-will-return-8-million-in-ppp-money","status":"publish","type":"post","link":"https:\/\/alwaysmountaintime.com\/kspn\/local-news\/aspen-institute-will-return-8-million-in-ppp-money\/","title":{"rendered":"Aspen Institute will return $8 million in PPP money"},"content":{"rendered":"
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The Aspen Institute is now part of a list that includes the Los Angeles Lakers, Nathan\u2019s Famous Inc., Shake Shack and other companies and organizations that are returning coronavirus relief loans issued by the Small Business Administration in the aftermath of public backlash.<\/p>\n

\u201cIn recent days we have talked with our stakeholders about our having received a loan through the Small Business Administration\u2019s Paycheck Protection Program (PPP),\u201d the Institute said in a statement posted to its website Thursday. \u201cWe believe that our application, which was made in the first week of the PPP, was consistent with the goals of the program. Upon listening to our communities and further reflection, we have made the decision to return the loan.<\/p>\n

\u201cThe Aspen Institute is committed to doing our part to help the country and the world both recover from and rebuild after this global pandemic. We stand with all who are trying to make a difference in very difficult times.\u201d<\/p>\n

The statement, the result of an Institute board of trustees meeting Thursday, came after The Washington Post reported<\/a> Wednesday the think tank received an $8 million loan to help retain its 430-person staff even though its endowment is worth $115 million.<\/p>\n

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