By Dana Sanchez
The Riviera Country Club, an exclusive Los Angeles golf course that Treasury Secretary Steven Mnuchin has patronized, received $2 million-to-$5 million in covid relief funds through the U.S. Small Business Administration’s Paycheck Protection Program.
The club’s website identifies its owner and CEO as Noboru Watanabe, a real estate magnate based in Tokyo, The Daily Beast reported. A LinkedIn page apparently belonging to Noboru Watanabe describes his business as “a Japan-based lifestyle company with more than 2,000 employees in Japan, the United States, and China.”
PPP was designed as an incentive for companies with up to 500 workers to keep their employees on the payroll amid the coronavirus pandemic. However, a number of large and publicly traded companies got the federal PPP funding while Black-owned small businesses found that the money had run out. A few public companies returned the money thanks to the public outcry.
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