Applications for $500 Million in Grant Funding for Small Businesses Now Available
State funding supports small businesses and nonprofits impacted by COVID-19 pandemic
The first round of applications for the Small Business COVID-19 Relief Grant Program is now open. On November 30, 2020, Governor Newsom and the State Legislature announced the allocation of $500 million available to small businesses and nonprofits that have been impacted by the COVID-19 pandemic. The program is administered by California's Office of the Small Business Advocate (CalOSBA), part of the Governor’s Office of Business and Economic Development (GO-Biz).
Grants will not be issued on a first-come, first-served basis and will be awarded after the close of each application round. This first round of applications ends January 13, 2021 at 11:59 p.m.Details for the second round will be announced shortly.
The California Small Business COVID-19 Relief Grant Program provides grants ranging from $5,000 to $25,000. Lendistry has been designated by the State to act as the intermediary for the Program to disburse the grant funds.
The Program will prioritize distribution based on priority key factors, including the following:
Geographic distribution based on COVID-19 health and safety restrictions following California’s Blueprint for a Safer Economy, county status and the new Regional Stay-at-Home Order which can be found at https://covid19.ca.gov/safer-economy/
Industry sectors most impacted by the pandemic
Underserved small business groups served by the State supported network of small business centers (i.e., businesses majority owned and run on a daily basis by women, minorities/persons of color, veterans and businesses located in low-to-moderate income and rural communities)
Mission-based lenders and small business advisory and technical assistance providers can help small businesses with the application process in multiple languages and formats. Many of the State-supported small business centers, which prioritize the expansion of technical assistance to underserved business groups, are also available to help. For more information on grant requirements and eligibility, please visit careliefgrant.com.
GO-Biz Now Accepting Applications for California Competes Tax Credits
The Governor’s Office of Business and Economic Development (GO-Biz) is now accepting applications for the California Competes Tax Credit (CCTC). There are $80 million in tax credits available during this application period for businesses that are expanding and adding quality, full-time jobs in California that might not otherwise be created by the business or any other business. The deadline to submit applications is Monday, January 25, at 11:59 p.m. (Pacific Time) and the online application website will automatically close once this deadline has passed. The online application can be accessed at www.calcompetes.ca.gov.
The California Arts Council has created a COVID-19 News & Resources page, including the latest updates from the agency, emergency funding opportunities, emergency preparedness best practices, and webinars featuring arts leaders and artists from the national arts community.