We are hosting various online webinars providing our SVO members access to business resources, as well as discuss upcoming policy changes that affect business operations. We have invited political and industry experts to lead our webinars to make you our members are up to speed with all of the legislative updates that relate to COVID-19. In case you miss one, you can watch our webinar recordings here!
November 30, 2020 Governor Newsom announced the following immediate support and relief: 1.) Tax Relief for Businesses Impacted by COVID-19 2.) $500 Million for New COVID Relief Grant for Small Business 3.) Increase Funding for the California Rebuilding Fund by $12.5 million.
Awesome San José is pleased to announce that the Fall Grant winner is San José Strong’s Queer Homecoming. San José Strong received our $1,000 grant on November 10th and the grant money will be used to help fund the Queer Homecoming event. San José Strong’s Queer Homecoming will be streaming online on November 21st, and will feature an array of local comics, drag performances and more.
Starting November 20, 2020 Governor Newsom launched the California Rebuilding Fund, which includes non-forgivable loans for micro-business owners backed by the iBank at 4.25%. The California Rebuilding Fund is a loan program to support California’s small businesses—especially those located in economically disadvantaged and historically under-banked areas of the state. Businesses who employed 50 or less full-time equivalent employees (FTEs) and had gross revenues of less than $2.5 million or below in 2019 are eligible to apply. Full eligibility requirements are included in the Business Requirements tab.
A lot has suddenly changed this year, and chances are good that those changes have trickled down to your wallet. Many of us have had to reconsider the ways we budget and save money. If you’re looking to set some new savings goals or boost your financial health, you don’t have to wait to make a plan.