Microbusinesses Granted $2,500 Each, Thanks to Multi-Million Donation

Microbusinesses Granted $2,500 Each, Thanks to Multi-Million Donation

Microbusinesses including those that are affecting by the COVID-19 pandemic will receive almost $3.9 million. It was a decision made by the county supervisors on Tuesday which was unanimously approving. This is part of a grant program that is partially funding by a state office.

Microbusinesses – Grants

Also, the supervisors have approved a total of $3.875 million to provide grants of $2,500 each to eligible businesses. In fact, the California Office of the Small Business Advocate is also providing partial funding for the county grant program.

Moreover, to qualify, the businesses must have earned less than $50,000 in 2019. Plus also be the owner’s primary source of income. In fact, they have five or fewer employees. It would be this year and in 2019 through 2021.

In fact, the microbusiness owners would also be eligible that is if they were very much impacted by COVID-19. Therefore, they haven’t received any grant money from the state Small Business COVID-19 Relief Grant Program.

Businesses such as pet sitting, professional shopping, cleaning, home health care, and sidewalk vendors or food cart operators could benefit from the grants.

Business owners can thus use the money to purchase equipment. This is according to Board Chairman Nathan Fletcher’s office. Also, then go on to invest in working capital and then apply for new permits. These would be debts and costs that were accruing because of COVID-19. In fact, the funds will be prioritizing for those in rural areas, low-income or low-wealth communities. Also, for businesses majority-owned and operated by veterans, women, or persons of color, this is according to the county.

“In fact, small business owners have had to endure a lot the last two years,” Fletcher said in a statement. “When you’re a business owner that employs fewer than five full-time workers, the margins can really be thin. Actually, every dollar matters. Moreover, it is a small step we can, in fact, take to support our local entrepreneurs.”

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