COVID-19 Resources for Business

California's New Blueprint for Reducing COVID-19

Moderate

COVID-19 Support for Small Businesses

Grants / Loans:

  • Paycheck Protection Program (new round of funding): This SBA loan is geared towards helping businesses keep their workforce employed during the COVID-19 crisis. This round of PPP contains ~284 billion in financing to businesses. Certain businesses that have already received PPP funding are eligible for “second draw loans” – Learn more about the program and apply here;
  • COVID-19 Economic Injury Disaster Loans (new round of funding): This loan provides economic relief to small businesses and nonprofits that are experiencing temporary loss of revenue due to COVID-19. Funds from this program can be used to cover normal operating expenses – Learn more and find link to apply here;
  • COVID-19 Relief Grant: $500 million available for small businesses; second round of applications open February 2 – Learn more and begin preparing your documents;
  • Renaissance Entrepreneurship Center Grant: Small business grants issued in partnership with the San Mateo County Board of Supervisors ranging from $5,000 - $25,000 to cover expenses such as payroll, lease payments, PPE costs, or COVID-19 related pivots to business models – Learn more and apply;
  • CA Rebuilding Fund Small Business Loans: $25 million to help impacted small businesses rebuild from the economic crisis and keep local economies strong. Program provides low-interest loans to small businesses with less access to loans from traditional banking institutions – Learn more and fill-out pre-application.

Tax Extensions / Credits:

  • Main Street Hiring Tax Credit: $100 million hiring tax credit program for small businesses. Credit is equal to $1,000 per qualified employee, up to $100,000 for each small business – Learn more and apply;
  • Tax Relief: 90-day automatic extension to small businesses’ state and local taxes and an extension of all licensing deadlines and requirements for several industries – Review the executive order & learn more;
  • Small Business Relief Payment Plans: 12-month, interest-free payment plans for up to $50,000 of sales and use tax liability. Available to small businesses with less than $5 million in taxable annual sales – Learn more and get most recent updates.

Support Programs:

  • Expanded Support for Small Businesses: California’s Small Business Development Centers recently received over $34 million in funding to help businesses pivot, navigate new guidance, access capital, and adapt to survive COVID-19 – Contact your local Small Business Development Center;
  • Great Plates Delivered: Meal delivery service for California’s older adults; provides economic stimulus to local businesses struggling to stay afloat during the COVID-19 crisis – Submit a request to join the program.

Questions? Please contact Brandon Phipps, Economic Development Specialist, at bphipps@dalycity.org.