Magnolia companies owned by Fixer Uppers filed for PPP loans to retain over 200 jobs

bizjournals Friday, 10 July 2020 ()
Editor’s note: This story was published through a partnership between the San Antonio Business Journal and KSAT. Chip and Joanna Gaines of “Fixer Upper” fame have built an empire that includes tv shows, books, retail and real estate but like so many other business owners, they seem to be dealing with financial repercussions of the COVID-19 pandemic. Three companies that fall under the Magnolia Market umbrella owned by the famous couple filed for Paycheck Protection Program loans from the…
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Video credit: Veuer - Published
News video: Accountability Might Be an Issue as Data Shows 500,000 Businesses Retained No Jobs Yet Received PPP Loans

Accountability Might Be an Issue as Data Shows 500,000 Businesses Retained No Jobs Yet Received PPP Loans 01:24

 The pandemic’s threat to the economy saw the creation of the Paycheck Protection Program put in place to keep workers employed, but data shows half a million businesses retained no jobs despite getting the government loan. Veuer’s Justin Kircher explains.