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Friday, 05 February 2021 17:25

California Opens Second Round of Small Business COVID-19 Relief Grants

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On Feb. 2, California began accepting round two applications from small businesses and nonprofits seeking funds from the state’s Small Business COVID-19 Relief Grant Program.

The program is being administered by the Governor’s Office of Business and Economic Development. Applications are due Feb. 8,

 

Round one applicants who did not receive funds do not need to reapply.

 

Grant recipients will be awarded between $5,000 and $25,000, based on annual revenue from the most recent tax return. Eligible recipients with annual revenue of $1,000 to $100,000 may be awarded $5,000. Those with revenue more than $100,000, up to $1 million, may receive $15,000. If a recipient’s revenue is greater than $1 million, up to $2.5 million, it may receive $25,000.

 

Funds may be used to cover eligible expenses incurred during the COVID-19 pandemic, such as payroll expenses, working capital, costs associated with reopening and COVID-19 mitigation expenses.

 

Applicants will be scored based on priority criteria, including geographic distribution based on California’s Blueprint for a Safe Economy, impact of COVID-19 on the applicant’s industry sector, and underserved small business groups served by the state supported network of small business centers.

 

For more information on the program or to learn how to apply, click here.

 

For more information, contact Christian Robinson at christianr@sema.org.

 

Source: SEMA

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