California News

Company Founded By Gavin Newsom Received PPP Loan Worth Between $150K To $350K

Miami Herald-

A Northern California-based winery and hospitality company founded by California Gov. Gavin Newsom received a loan worth $150,000 to $350,000 from the Paycheck Protection Program, the federal rescue package aimed to help small businesses during the pandemic.

The company, PlumpJack Management Group, is part of a portfolio of brands that include an idyllic resort hotel near Lake Tahoe, five restaurants and bars, four Napa Valley wineries, a sports retailer and more.

Before taking office as governor in 2019, Newsom announced he would step away from his businesses and put his assets in a blind trust managed by Shyla Hendrickson, a family friend and attorney.

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