WASHINGTON, D.C. – Despite receiving a generous $20 million through the Small Business Administration’s (SBA) Paycheck Protection Program (PPP), Ruth’s Chris Steak House has reportedly furloughed many of its restaurant employees.
So, instead of going into workers’ paychecks, where it belongs, that $20 million from the Trump administration will likely go right into executives’ and managers’ pockets. The news comes amid backlash to large chains like Ruth’s receiving millions in CARES Act funding as many small businesses were denied SBA assistance or shut out of consideration entirely.
“The lack of accountability surrounding coronavirus relief funds is working to corporate executives’ advantage — and hurting American workers and small businesses,” said Kyle Herrig, president of Accountable.US. “Paycheck protection grants are supposed to support workers and their families during this economic crisis, not bolster the bottom lines of corporate executives. Yet again, we see the administration failing to ensure that this money is going right to the people who need it most.”