Spherical one candidates will obtain an approval notification between Friday, Jan. 15 by way of Friday, Jan. 22.
CALIFORNIA, USA — Greater than 300,000 functions have been efficiently accomplished for the primary spherical of California’s Small Business COVID-19 Relief Grant Program, which closed on Wednesday, Jan. 13.
In accordance with California’s Office of the Small Business Advocate (CalOSBA), small companies and non-profits can be notified between Friday, Jan. 15 by way of Friday, Jan. 22, about whether or not their utility was authorised. After that, funds can be distributed over a 45-day interval starting on Friday, Jan. 22.
This system was designed to assist small companies deeply impacted by the coronavirus pandemic. A complete of $500 million dollars in funds is anticipated to be distributed in these grants, with some particular person companies eligible to obtain as much as $25,000.
Not all who apply and are eligible will obtain help in spherical one, however that is why there’s a spherical two. These companies that utilized and are eligible, however didn’t obtain help on this first spherical, will routinely be thought-about for the second spherical. Spherical two additionally means one other probability to use for small companies in want who didn’t make the most of spherical one.
In accordance with a press launch from the Governor’s Office of Business and Economic Development (GO-Biz), functions for spherical two will open at 8 a.m. on Monday, Feb. 2 and can stay open till 6 p.m. on Monday, Feb. 8.
“There isn’t any query that small enterprise are hurting, and the truth of this pandemic calls for pressing aid now to assist those that want it most,” stated Dee Dee Myers, GO-Biz director, within the press launch. “Earlier than COVID-19, the 4.1 million small companies that decision this state dwelling created two-thirds of California’s web new jobs and employed practically half of all private-sector workers. It’s essential that we do all the things we are able to to place extra money into the arms of impacted small enterprise homeowners.”
Along with the Small Enterprise COVID-19 Reduction Grant Program, Gov. Newsom known as for fast legislative motion on $575 million in further grants for the California Reduction Grant Program on Jan. 5. If authorised, the funding would convey the overall quantity of COVID-19 enterprise aid grants obtainable within the state to $1.075 billion.
The grant program isn’t a first-come, first-served program, nor a rolling approval course of. Grants can be distributed throughout the state, with precedence given to areas and industries impacted by the COVID-19 pandemic, deprived communities, and underserved small enterprise teams.
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