Why Did These Billion-Dollar Companies Get Pandemic Relief as Small Restaurants Were Crushed?

RICHARD DUPREY, The Motley Fool
·4 min read
Why Did These Billion-Dollar Companies Get Pandemic Relief as Small Restaurants Were Crushed?

The global pandemic crushed the restaurant industry. While Congress has doled out hundreds of billions of dollars several times to help businesses cope with the crisis, more often than not the programs became controversial as large, multibillion-dollar corporations received relief money while small, independent operators were frozen out. Potentially ineligible recipients -- including global hotel chains, recreation facilities, and management companies -- all received grants from the program, many getting the maximum $10 million amount allowed.

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