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California Expands Business Relief Grants | Ervin Cohen & Jessup LLP

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On May 13, 2021, California Governor Gavin Newsom announced an expansion of the state’s COVID-19 Small Business Relief Grant program from $2.5 billion to $4 billion. The expansion makes California’s business relief grants program the largest in the country.
To date, 198,000 businesses have received grants under the program, for a total of $475,001,244. While the application portal is currently closed, it is expected to reopen after the new grant s funds have been processed. The Governor’s office announced the following initiatives for businesses:
Estimated $895 million investment in the State Small Business Credit Initiative (SSBCI), which works to strengthen state programs that support the financing of small businesses; ....

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CALIFORNIA HISPANIC CHAMBER OF COMMERCE COMMENDS GOVERNOR NEWSOM'S FOCUS ON SMALL BUSINESSES  - Cerritos Community News

CALIFORNIA HISPANIC CHAMBER OF COMMERCE COMMENDS GOVERNOR NEWSOM’S FOCUS ON SMALL BUSINESSES
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May 19, 2021 – SACRAMENTO, CA – The California Hispanic Chambers of Commerce commends Governor Newsom for his focus on small business as part of his recovery and revitalization plan tied to his $267.8 billion revised budget. He has proposed adding $1.5 billion to a program providing grants of up to $25,000 to small businesses harmed by the COVID-19 pandemic in California, allowing thousands more to get financial help. The announcement comes on the heels of a $76 billion surplus in the state budget plus $27 billion in federal aid.
“We are pleased that Governor Newsom has recognized the importance of small businesses and the role they play in bolstering the state’s economy in his May revise budget proposal,” said Julian Canete, President & CEO, California Hispanic Chambers of Commerce. “The pandemic has taken a toll on California’s busine ....

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SCVNews.com | Chamber Urges SCV to Support Newsom's Aid to Small Businesses

Gov. Gavin Newsom unveiled a plan that would spend about $1.5 billion of the state’s $75.7 billion surplus in grants of up to $25,000 to support small businesses, according to state officials this week.
The plan, which would bring the amount allocated in recent months for grants to $4 billion, is intended to help thousands in their post-pandemic economic-recovery efforts, which Newsom told business leaders would make it the largest state program of its kind in the country.
The Santa Clarita Valley Chamber of Commerce was among the voices advocating for more support for small businesses, including Newsom’s proposal, to help owners get back on their feet as soon as possible. ....

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Lake County News,California - Governor announces the largest small business relief program in the nation

Governor announces the largest small business relief program in the nation
Lake County News reports
14 May 2021
On Thursday, Gov. Gavin Newsom unveiled another component of his $100 billion California Comeback Plan: making historic investments in small business relief.
Gov. Newsom’s Plan expands the state’s COVID-19 Small Business Relief Grant program to a total of $4 billion, representing the largest such program in the entire country.
That’s in addition to Gov. Newsom’s $6.2 billion tax cut for those businesses hit hardest by the pandemic, the largest state tax cut of its kind in history.
“Our small businesses have faced unprecedented challenges over the past year, and we’re stepping up to meet the moment – making historic investments to provide businesses with the support they need and jumpstarting California’s economic recovery,” said Gov. Newsom. “That’s why we’re implementing the largest small business relief program in th ....

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Governor Gavin Newsom Announces the Largest Small Business Relief Program in the Nation – Includes Hundreds of Millions in Grants and Tax Credits to Attract Business to California

Governor Gavin Newsom Announces the Largest Small Business Relief Program in the Nation – Includes Hundreds of Millions in Grants and Tax Credits to Attract Business to California
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