Hacker News new | ask | show | jobs
by atlgator 2252 days ago
It's a LOAN of $1000 per employee, and you have to retain your employees for 180 days in order for the loan to be forgiven... do the math. I assume most employees make more than $2000 per year. The money is only "free" if you were going to stay open anyway.
1 comments

but they WERE going to stay open anyways. This is literally free money. They burn 2.4M/year and recently raised 10M. They could stay open even without this free money. This money is a bonus, it doesn't fully pay for the burn but it does give them money despite them not being directly impacted.