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COVID relief funding for Yuba-Sutter
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Even with latest federal stimulus, experts say more is needed to keep local businesses afloat
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FAIRFIELD-SUISUN, CALIFORNIA
Even with latest federal stimulus, experts say more is needed to keep local businesses afloat [The Bakersfield Californian]
Jan. 1 A new fiscal stimulus bill signed into law Dec. 27 will provide much-needed relief to Kern County businesses, which have been struggling to survive over the last few months. Still, the economic toll caused by the coronavirus pandemic has left many employers in difficult positions, and economic experts say more funding will be needed before widespread vaccinations become available.
“There’s a huge spectrum of individual situations that is really, really, difficult to try to lump into one category, but it’s a broad spectrum across the board,” said Kelly Bearden, director of the Cal State Bakersfield Small Business Development Center. “As far as a devastating impact on businesses in general, I would say it’s the worst that’s happened, at least in my lifetime.”
California’s Small Business COVID-19 Relief Grant Program Opens
The first round of applications for California’s Small Business COVID-19 Relief Grant Program opened on Dec. 30 and will close Jan. 8.
The program is broken up into two windows. The first window of applications will be from Dec. 30 to Jan. 8. The second window is yet to be determined.
Businesses with an annual revenue up to $100,000 are eligible for a $5,000 grant each. Those with revenue $100,000–$1 million are eligible for $15,000, and those with revenue of $1 million–$2.5 million are eligible for $25,000.
Owners of multiple businesses will only be considered for one grant, and are required to apply for the business with the highest revenue.
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