Economic and Financial Resources
Economic Development Board (EDB)
Employment Development Department (EDD)
Filing for Unemployment FAQs via EDD
Click here to read an overview, by Farella Braun + Martel
IRS: Employee Retention Credit Available for Many Businesses
The Treasury Department and the Internal Revenue Service today launched the Employee Retention Credit, designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19. Read here.
California Delays Sales Tax Payments for Small Businesses
Gov. Gavin Newsom says California will let businesses keep up to $50,000 in sales taxes over the next year. Restaurants and many other retailers have been hard hit by the Golden State’s shelter-at-home orders. Read here.
SBA Loan Resources and Information
PPP Loan Forgiveness Steps
Additional Funds Allocated to the Paycheck Protection Plan (PPP)
An additional $320 billion will be allocated to the Paycheck Protection Program (PPP) so those of you who did not get included in the first round of funding should apply. If you applied but did not get accepted before the program ran out of money, you should check with your banker to see if you should reapply for this next package.
SBA Now Accepting Applications for Paycheck Protection Program (PPP) Under CARES Act
Detailed Information on SBA Loans and Forgiveness Programs
Official Press Release
10 Free Tools Small Businesses Can Access Now
These tools can help you reach new customers, manage your payroll and work together remotely — all for free.
Additional Grant Opportunities Available Now
U.S. Small Business Administration and U.S. Dept. of Treasury have released additional information and guidance useful to agricultural employers seeking to use the Paycheck Protection Program (PPP), in particular an Interim Final Rule allowing seasonal agricultural employers to use an alternative payroll period to calculate their payroll needs, guidance on calculating loan amounts when applying for PPP, and new Frequently-Asked-Questions on PPP.
Funds are Available to Help Defray Costs of COVID-19 Protection
State Fund recently shared information about their Essential Business Support Fund, a fund created to help policyholders operating as essential businesses during the COVID-19 crisis make their workplaces safer.
If you have not yet had a chance to learn about the fund and apply for support, there is still time. Individual grants can total up to $10,000, or two times premium, whichever is less.
To apply for a grant, click here to complete an application and return it as soon as possible. We are reviewing applications on a first-come, first-served basis.
Hello Alice is offering grants of $10,000 to impacted small businesses.
Learn more here.
Salesforce will soon be offering Salesforce Care Small Business Grants of $10,000 to impacted small businesses. This national application process will be opened in two phases, based on location, and California’s application period begins on April 27 at 8:00 AM.
Learn more here
Verizon and LISC are making grants of up to $10,000 to small business owners impacted by COVID-19, especially to entrepreneurs of color, women-owned businesses, and other enterprises in historically under-served places who don’t have access to flexible, affordable capital.
Learn more here.