from Hacker News

Company Got a $10MM PPP Loan, Then Closed Its Plant and Moved Jobs to Mexico

by 9387367 on 7/1/21, 3:49 PM with 7 comments

• by passivate on 7/1/21, 4:27 PM

  Possible alternate headline: Company was finding it hard to continue manufacturing in he US, got the PPP money, limped along for a bit, then shut down.

• by anm89 on 7/1/21, 5:04 PM

  Is the headline implying something illegal happened?

  Otherwise, the headline should be, "Business makes business decision in its own interest". Wow. Shocker.

• by ppeetteerr on 7/1/21, 4:12 PM

  If you're giving out money to hundreds of companies, there are bound to be a few that close despite this handout. Should we spare so much thought on the outliers?

• by sundaeofshock on 7/1/21, 6:38 PM

  Looking at the first few comments on this article. Seems like there are a number of commentators with ethics that I find rather depressing.

  Yes, this is legal. That does not make it right. The company clearly had plans to move out of the US and still took money to keep jobs in America. They are despicable actors and it depresses that others here see nothing wrong with this.

• by underseacables on 7/1/21, 5:36 PM

  This seems to be the American way.