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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;
CA Gov. Gavin Newsom expands relief programs for small businesses
Gage Skidmore/Creative Commons
California Gov. Gavin Newsom announced an expansion to the COVID-19 Small Business Relief Grant program. He also announced more than $6 billion in tax cuts for small businesses. (Photo by Gage Skidmore under CC BY-SA 2.0.)
Last Updated 1 min Ago
California Gov. Gavin Newsom announced an expansion to the state’s COVID-19 Small Business Relief Grant program and more than $6 billion in tax cuts for small businesses Thursday.
The investments, which are part of the governor’s $100 billion California Comeback Plan, will expand the relief grant program to a total of $4 billion, according to a press release from Newsom’s office. Nearly 200,000 businesses have received grants from the program, the press release noted.
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 the entire country, exp
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 goldrushcam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from goldrushcam.com Daily Mail and Mail on Sunday newspapers.