Colorado Mushroom Farm owner walks us through his business
January 5, 2023
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5:46Now PlayingColorado Mushroom Farm owner walks us through his business
YouTube Description
as posted by the channelBaljit Nanda owns the farm in Alamosa, Colorado.
Colorado Mushroom Farm has sent its crops to restaurants across the state since the 1980s. Nanda said the COVID-19 pandemic hit the business hard.
PPP loan data reviewed by 9Wants to Know show the company got two loans totaling more than $1.7 million in 2020. The SBA data showed the PPP funding saved 200 jobs at the farm.
But 9Wants to Know found Colorado Mushroom Farm LLC owes $519,756.93 in delinquent taxes as of October 2021 – the most out of those that were both paid and are late on their taxes. This $1.2 million gap between owed taxes and payment is the largest gap identified by the analysis.
Nanda said the farm is too important to the Alamosa economy to shut down. Regardless of taxes owed, the PPP funding was crucial. He said if employees were laid off, they would have eventually had to rely on unemployment benefits.
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