COVID-19: GOVERNOR NEWSOM ANNOUNCES NEW WEBSITE AND CALIFORNIA FUNDING PROGRAMS IN ADDITION TO FEDERAL LOAN PROGRAMS. NEW HELP FOR BUSINESSES AND WORKERS DISPLACED BY COVID-19
CALIFORNIA GOVERNOR GAVIN NEWSOM ANNOUNCED ON APRIL 2, 2020:
- An executive order to help small businesses, granting a 90-day extension for small businesses to pay the sales tax.
- The allocation of $50 million to the California Infrastructure and Economic Development Bank for loan guarantees to small businesses to eliminate barriers to capital for individuals who do not qualify for federal funds.
- The allowance of small businesses to to defer payment of sales and use taxes of up to $50,000, for up to 12 months.
- The allocation of $17.8 million in new state initiatives to support California workers impacted by COVID-19. The allocation will come from Workforce Innovation and Opportunity Act funds, with $7.8 million going to the Los Angeles region and $10 million made available statewide.
Information on the above and other issues can be found at the state website: covid-19.ca.gov
Information on a platform to connect COVID-19 displaced workers with over 70,000 job opportunities in certain industries can be found at the website: OnwardCA.org.
ADDITIONAL INFORMATION CAN BE FOUND IN THE GOVERNOR’S PRESS RELEASE AT THE LINK BELOW: