COVID-19 relief

New Funding Round for State COVID-19 Relief Grants Opening

Posted on: August 25th, 2021 by Leaders' Choice Staff No Comments

California is opening a new funding round for its Small Business COVID-19 Relief Grant Program for companies that have taken a financial hit due to the pandemic.

The new funding round opens Sept. 9 and runs through Sept. 30.

The new round will take place thanks to an additional $1.5 billion in funding authorized in a new state pandemic relief package. The program provides grants of varying sizes depending on a company’s annual revenues:

  • $1,000 to $100,000 – Available grant amount: $5,000
  • More than $100,000 to $1 million – Available grant amount: $15,000
  • More than $1 million to $2.5 million – Available grant amount: $25,000

 

Who can apply?

Current applicants who were waitlisted during previous rounds, as well as new applicants that meet eligibility requirements. Waitlisted applicants do not need to reapply.

 

Eligibility requirements

A small business or small nonprofit must satisfy the following criteria to be eligible to receive a grant award:

  1. Must have annual revenue of $2.5 million or less.
  2. Must be an active business and operating since June 1, 2019.
  3. Must be in operation or have a plan to open.
  4. Must have been affected by COVID-19 and the resulting restrictions through business interruption or business closure.
  5. Must be able to provide federal tax returns for 2019.

 

Applying

For more information on applying, visit the California Relief Grant website.

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