Saturday, 24 July 2021

Governor announces new help for small businesses and workers displaced by COVID-19

SACRAMENTO – Gov. Gavin Newsom has unveiled a series of new resources to aid small businesses and help California workers who have lost work due to COVID-19.

Beginning on Friday, California small businesses impacted by the COVID-19 crisis can apply for a loan from the federal government for up to $10 million.

Importantly, the program is first-come, first-serve and the governor encourages all eligible California small businesses to contact their lender to learn more.

On Thursday, the governor also announced that the state is allocating $50 million to the California Infrastructure and Economic Development Bank for loan guarantees to small businesses to help eliminate barriers to capital for individuals who do not qualify for federal funds, including low wealth and undocumented immigrant communities.

The state is also allowing small businesses to defer payment of sales and use taxes of up to $50,000, for up to 12 months.

Additionally, the governor joined Bitwise Industries and the Kapor Center to launch www.OnwardCa.org , a new platform connecting displaced California workers with more than 70,000 job opportunities in critical industries.

Earlier this week, Gov. Newsom signed an executive order to help small businesses, granting a 90-day extension for small businesses to pay sales taxes.

Gov. Newsom also on Thursday announced $17.8 million in new state initiatives to support California workers impacted by COVID-19.

The allocation will come from Workforce Innovation and Opportunity Act funds with $7.8 million going to the Los Angeles region and $10 million made available statewide.

“The COVID-19 pandemic is having cascading effects for millions of California families and small businesses,” said Gov. Gavin Newsom. “Through no fault of their own, more than a million Californians have lost a job and countless more are seeing their businesses fail. California will emerge from this crisis stronger than before, and until then, the state will work overtime with the federal government and private sector to get families the help they need.”

For more information, go to www.covid-19.ca.gov .

Upcoming Calendar

25Jul
27Jul
07.27.2021 9:00 am - 10:00 am
Restaurant Recovery Strategies for Success
27Jul
07.27.2021 10:00 am - 1:00 pm
Lake County Farmers’ Finest Tuesday market
30Jul
07.30.2021 8:00 pm - 08.01.2021 4:00 pm
Park Study Club Annual Indoor Yard Sale! Three day event!
31Jul
07.31.2021 10:00 am - 1:00 pm
Lake County Farmers’ Finest Saturday market
3Aug
08.03.2021 10:00 am - 1:00 pm
Lake County Farmers’ Finest Tuesday market
7Aug
08.07.2021 10:00 am - 1:00 pm
Lake County Farmers’ Finest Saturday market
10Aug
08.10.2021 10:00 am - 1:00 pm
Lake County Farmers’ Finest Tuesday market
14Aug
08.14.2021 10:00 am - 1:00 pm
Lake County Farmers’ Finest Saturday market
17Aug
08.17.2021 10:00 am - 1:00 pm
Lake County Farmers’ Finest Tuesday market

Mini Calendar

loader

LCNews

Responsible local journalism on the shores of Clear Lake.

 

Memberships:

 

Newsletter

Enter your email here to make sure you get the daily headlines.

You'll receive one daily headline email and breaking news alerts.
No spam.
Cookies!

lakeconews.com uses cookies for statistical information and to improve the site.