COVID Stimulus Watch Individual Entry

Recipient Company:
DIAMOND ELECTRIC MFG. CORPORATION
Loan or Loan Guarantee Amount:
$3,029,300

Recipient Details

Ownership Structure: privately held
Facility Street Address: 0 State Route 62, Elanor Industrial Park
Facility City: ELEANOR
Facility State: WV
Facility Zip Code: 25070
Facility Congressional District: WV-02
Facility NAICS Code: 423610 : Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers

Award Details

Award Date: Apr 27, 2020
Award Type: loan
Jobs Reported at Time of Application: 239
PPP Lender: United Bank
Program Name: Paycheck Protection Program ($150,000 and up)
Legislation: CARES
Awarding Agency: Small Business Administration
Data Source for Award:
https://data.sba.gov/dataset/ppp-foia

Parent Company Data

Parent Company: Diamond Electric Manufacturing
Headquartered in: Japan
Parent Sector: electrical and electronic equipment
Parent Industry: electronic components

Accountability Issues Since 2010

Employment icon
Employment-related Penalties: $10,001
Contracting icon
Good Jobs First has no data in this category
Environment icon
Environmental / Healthcare / Safety Penalties: $20,402
ConsumerProt icon
Consumer Protection / Financial / Competition-related Penalties: $19,000,000
CEOpay icon
Good Jobs First has no data in this category
Tax icon
Total Federal, State, and Local Subsidies: $3,079,174
Subsidy Tracker
Violation Tracker

Details on Accountability data sources

Accountability Issues

Covid Stimulus Watch provides accountability data on CARES Act recipients in the following categories:

Employment iconEmployment Issues

Tax iconTax / Subsidy Issues

Contracting iconContracting Issues

Environment iconEnvironment / Safety Issues

Consumer iconConsumer Protection Issues

CEO pay iconCEO Pay Issues