{"id":23217,"date":"2020-04-02T14:19:42","date_gmt":"2020-04-02T21:19:42","guid":{"rendered":"https:\/\/lapost.us\/?p=23217"},"modified":"2020-04-02T14:19:42","modified_gmt":"2020-04-02T21:19:42","slug":"governor-newsom-announces-new-help-for-small-businesses-workers-displaced-by-covid-19","status":"publish","type":"post","link":"https:\/\/lapost.us\/?p=23217","title":{"rendered":"Governor Newsom Announces New Help for Small Businesses & Workers Displaced by COVID-19"},"content":{"rendered":"

BEGINNING TOMORROW: Federal government offering first-come, first-serve loans of up to $10 million for small employers<\/em><\/p>\n

 <\/p>\n

Governor Newsom announces $50 million in loan\u00a0guarantees\u00a0for small businesses that may not be eligible for federal relief<\/em><\/p>\n

 <\/p>\n

Governor joins Bitwise Industries in announcing\u00a0OnwardCa.org<\/a>, a platform connecting COVID-19 displaced workers with over 70,000 job opportunities in critical industries<\/em><\/p>\n

 <\/p>\n

State is also allowing small businesses to defer payment of sales and use taxes of up to $50,000, for up to 12 months<\/em><\/p>\n

 <\/p>\n

SACRAMENTO, CA (April, 2nd) \u2013 Governor Gavin Newsom unveiled a series of new resources to aid small businesses and help California workers who have lost work due to COVID-19.<\/p>\n

 <\/p>\n

Beginning tomorrow, California small businesses\u00a0impacted by the\u00a0COVID-19 crisis\u00a0can\u00a0apply for a loan from the\u00a0federal government for up to $10 million. Importantly, the program is first-come, first-serve and the Governor encourages all eligible California small businesses to contact their lender to learn more.<\/p>\n

 <\/p>\n

Today, the Governor also announced that the state is allocating $50 million\u00a0to the\u00a0California Infrastructure and Economic Development Bank\u00a0for loan\u00a0guarantees\u00a0to small businesses to help\u00a0eliminate barriers to capital for individuals who do not\u00a0qualify\u00a0for federal funds, including\u00a0low wealth and\u00a0undocumented immigrant communities. The state is\u00a0also\u00a0allowing small businesses to defer payment of sales and use taxes of up to $50,000, for up to 12 months.<\/p>\n

 <\/p>\n

Additionally, the Governor joined Bitwise Industries and the Kapor Center to launch\u00a0OnwardCa.org<\/a>, a new platform connecting\u00a0displaced California workers with more than\u00a070,000 job opportunities in critical industries.<\/p>\n

 <\/p>\n

Earlier this week, Governor Newsom signed an\u00a0executive order to help small businesses<\/a>, granting a 90-day extension for small businesses to pay sales taxes.<\/p>\n

 <\/p>\n

Governor Newsom also today announced $17.8 million in new state initiatives to support California workers impacted by COVID-19. The allocation will come from\u00a0Workforce Innovation and Opportunity Act funds\u00a0with $7.8 million going to the Los Angeles region and $10 million made available statewide.<\/p>\n

 <\/p>\n

\u201cThe COVID-19 pandemic is having cascading effects for millions of California families and small businesses,\u201d said Governor Gavin Newsom. \u201cThrough no fault of their own, more than a million Californians have lost a job and countless more are seeing their businesses fail. California will emerge from this crisis stronger than before, and until then, the state will work overtime with the federal government and private sector to get families the help they need.\u201d<\/p>\n

 <\/p>\n

For more information, go to\u00a0covid-19.ca.gov<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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