Small business, roaring back, and a word to the haters | Gov. Newsom speaks about economic relief plan
Newsom gave a quick preview of his plan of an additional $4 billion in grants to business owners to the California Chamber of Commerce. Author: Samantha Solomon (ABC10), Associated Press Published: 11:33 AM PDT May 13, 2021 Updated: 11:35 AM PDT May 13, 2021
CALIFORNIA, USA A discussion on key investments California plans to make in the proposed 2021-22 budget turned to the state s continued, albeit toned down due to the coronavirus pandemic, success in business and entrepreneurship.
Gov. Gavin Newsom broke down many parts of his proposed 2021-22 budget during an event hosted by the California Chamber of Commerce, and in turn, touched on what he called misconceptions of California s economic progress.
SACRAMENTO
Gov. Gavin Newsom on Thursday 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 additional funds from federal COVID-19 aid to the state would bring the amount allocated in recent months for grants to $4 billion, which Newsom told business leaders would make it the largest state program of its kind in the country.
“Small businesses intimately understand the pain and stress of the last year directly understand it and the struggle now to reopen with all of the dust settling around us,” Newsom said during a virtual address to a meeting of the California Chamber of Commerce.
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