Fisher Island residents refuse to accept $ 2 million small business loan


MIAMI BEACH, Florida – The Fisher Island Homeowners Association applied for and was approved for a $ 2 million federal loan, under the United States’ Paycheck Protection Plan. Fisher Island is one of the richest zip codes in the country.

Federal government money is intended to help support small businesses affected by the pandemic.

Many islanders, accessible only by ferry, were stunned when they received an email from the Fisher Island Community Association, the Master Homeowners’ Association of Fisher Island, mentioning the possibility that the island would get the ‘money. The association, on its website, states that its “primary responsibility is to manage, maintain and improve the common areas of Fisher Island.”

The council has asked residents to vote on accepting the money now that the association has received approval.

On Friday evening, many residents joined a call for a virtual meeting to discuss the possibility of accepting the loan. Many were upset that they even opted for the loan in the first place. Some board members said it was easy money. In the end, they decided not to take the money.

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Matt Barnes, an entrepreneur residing in Fisher Island, questioned the need for the loan.

“Why are we getting $ 2 million and why are we asking for $ 2 million? Barnes said. “There are small businesses right now in this country that need the money and we need to make sure they get the money as quickly as possible. I don’t think Fisher Island needs $ 2 million, ”Barnes said.

Miami-Dade County Mayor Carlos Gimenez said he was pushing for Miami small businesses to have easier access to the second round of federal dollars. There are countless stories of small business owners who have been denied funding or been delayed.

The argument across the country is that the government is not taking a close look and taking into account the financial situation of a company while distributing the funds. Many fear that large corporations will benefit the most.

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This is not the first time Fisher Island has been mentioned during the COVID-19 crisis. In mid-April, Fisher Island gained attention after purchasing antibody tests from the University of Miami Health System for all of its residents and staff. The Miami-Dade County Schools Superintendent first mentioned the tests on his Twitter account on April 13, 2020.

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