Tiburon Peninsula companies get millions in bailout program

July 15, 2020

More than 300 Tiburon and Belvedere businesses and nonprofits combined to receive up to $52.3 million to cover rent, utilities and the payroll of nearly 2,400 workers under the federal Paycheck Protection Program, the forgivable-loan initiative designed to help businesses retain staff amid the economic fallout of the COVID-19 pandemic. By far the largest local recipient was Tiburon resident Allan H. Rappaport’s NES America Inc., the parent company for many emergency- and health-care-staffing companies scattered throughout the world, whose headquarters are at 39 Main St. Its three Tiburon entities were approved for loans of as much as $16 million, according to data released last week by the U.S. Small Business Administration. See a grid of all the $150,000-plus loan approvals for Tiburon, Belvedere and Strawberry at thearknewspaper.com/ppploans.

 

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