{"id":120447,"date":"2021-05-17T07:51:12","date_gmt":"2021-05-17T14:51:12","guid":{"rendered":"http:\/\/69.46.6.243\/?p=120447"},"modified":"2021-05-17T07:51:12","modified_gmt":"2021-05-17T14:51:12","slug":"governor-newsom-announces-the-largest-small-business-relief-program-in-the-nation","status":"publish","type":"post","link":"https:\/\/new.thepinetree.net\/?p=120447","title":{"rendered":"Governor Newsom Announces the Largest Small Business Relief Program in the Nation"},"content":{"rendered":"

Sacramento, CA…Governor Gavin Newsom unveiled another component of his $100 billion California Comeback Plan: making historic investments in\u00a0small business relief<\/a>. Governor Newsom\u2019s Plan expands the state\u2019s COVID-19 Small Business Relief Grant program to a total of $4 billion, representing the largest such program in the entire country. That\u2019s in addition to Governor Newsom\u2019s $6.2 billion tax cut for those businesses hit hardest by the pandemic, the largest state tax cut of its kind in history.<\/p>\n

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\u201cOur small businesses have faced unprecedented challenges over the past year, and we\u2019re stepping up to meet the moment \u2013 making historic investments to provide businesses with the support they need and jumpstarting California\u2019s economic recovery,\u201d said Governor Newsom. \u201cThat\u2019s why we\u2019re\u00a0implementing the largest small business relief program in the entire country, expanding the small business grant program to $4 billion\u00a0and providing $6.2 billion in small business tax relief. This is money in the pockets of business owners to make payroll and cover the bills as we prepare to fully reopen California\u2019s economy on June 15.\u201d<\/p>\n

These grants are already supporting diverse small businesses throughout California, with 88.3 percent of grants in rounds one and two going to minority\/people of color-owned businesses, women-owned businesses, veteran-owned businesses and businesses located in low to moderate income communities.\u00a0To date, approximately 198,000 small businesses and nonprofits either have been or will be awarded grants, which includes finalized awards for 43,874 small businesses and nonprofits representing all 58 California counties for a total of $475,001,244.\u00a0By expanding this\u00a0successful\u00a0program, we can ensure that even more small businesses can access this critical lifeline as we head toward full reopening on June 15.<\/p>\n

In addition to these historic programs, Governor Newsom has taken swift action to invest in those sectors of the economy that are crucial to California\u2019s recovery, including:<\/p>\n