November 23, 2024 4:03 pm
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Arizona businesses have gotten $489M in CARES Act money so far. Here’s where it’s going.

By Jerod MacDonald-Evoy | Arizona Mirror

Businesses headquartered in Arizona have received roughly $489 million from the CARES Act, a $2 billion COVID-19 aid package approved by Congress last month.

The money has come from several different aid programs for health care providers, small businesses and educational institutions, according to data compiled by independent researchers.

The data give insights into which companies have received money from the behemoth $2 trillion relief bill, which passed earlier this year. Researchers acknowledge that the data is flawed, in part to the fact that the Department of Treasury, Small Business Administration and Federal Reserve have not released data on recipients. ProPublica along with other news organizations are currently suing in an attempt to make the data public.

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The Mayo Clinic in Arizona has received a $29.6 million grant from the CARES Act, the COVID-19 aid package approved by Congress last month. /Photo courtesy of Mayo Clinic web site.

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