On December 4, 2020, Governor Newsom announced a new $500M grant program to help California Small Businesses and nonprofits impacted by the COVID-19 pandemic. Grants can range in amounts from $5000 to $25000.
Qualifying businesses must apply for grants no later than January 8, 2021.
I encourage all small businesses and non-profits to see if they can qualify and immediately submit their applications before it is too late. Please do not miss this opportunity to help your business, your employees and Menlo Park.
Learn about this new program, the eligibility requirements and apply HERE
And please share your experiences applying for grants.
The State of California now offers small businesses a number of important assistance programs.
California Small Business COVID-19 Relief Grant Program
Announced December 4, 2020
State Funding: $500M.
Grants of $5000 to $25000.
Application period: December 30, 2020 through January 8, 2021.
California Rebuilding Fund
Announced November 20, 2020
State & Private Funding: At Least $75M.
Loans up to $100,000.
Application period: Open now through 2021.
Main Street Small Business Tax Credit
Announced September 9, 2020
State Funding: $100M.
Tax credits up to $100,000 on taxes due on 2020 operations
Application Period: December 1, 2020 through January 15, 2021.
Temporary Tax Filing Relief
Announced April 2020 and Expanded November 30, 2020
Penalty-free and interest-free 90-day extension on filings of sales and use taxes originally due between no and April due between tax filing requirement.
Application Period: Eligible taxpayers are NOT required to make a request to take advantage of this extension.