The fast-food chain, Shake Shack, was among the businesses criticized for accessing emergency funds for small businesses from the U.S. federal government.
- What is the stimulus money to be used for?
- What has been the controversy associated with the funds?
- Why did the chain decide to return the loan money?
Ramzy, A. (2020). Shake Shack Says It Will Return Its $10 Million Stimulus Loan. The New York Times, April 20 (Retrievable online at https://www.nytimes.com/2020/04/20/business/shake-shack-returning-loan-ppp-coronavirus.html)