Governor Newsom and the Legislature announced a package of assistance for small businesses impacted by COVID-19, including $500 million in grants. While the program is being created, please sign up here to receive an update when launched. Additional assistance announced via this letter on tax relief and recovery loans through the California Rebuilding Fund.
Another program you might have heard about is the Main Street Small Business Tax Credit which, as of December 1st, is accepting reservations for hiring credits here for those businesses that have experienced a >50% decrease in Gross Sales for the period Q2 2020 vs Q2 2019. Please note our Team has already reviewed this criteria for our Clients and have reached out to prompt you IF you qualify. Feel free to share this link with your small business colleagues who may qualify.
Additional funding has been allocated to the Small Business Stimulus Grant Program which provides economic assistance for small businesses located in San Diego and affected by the COVID-19 pandemic. Private for-profit and non-profit businesses with less than 100 employees, that have experienced a financial hardship and have been in business for at least one year are eligible for the Grant. For more information and to apply for the Stimulus Grant go here.