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Governor Newsom Announces New Help for Small Businesses & Workers Displaced by COVID-19

4/2/2020

 
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BEGINNING TOMORROW: Federal government offering first-come, first-serve loans of up to $10 million for small employers
 
Governor Newsom announces $50 million in loan guarantees for small businesses that may not be eligible for federal relief
 
Governor joins Bitwise Industries in announcing OnwardCa.org, a platform connecting COVID-19 displaced workers with over 70,000 job opportunities in critical industries
 
State is also allowing small businesses to defer payment of sales and use taxes of up to $50,000, for up to 12 months
SACRAMENTO – 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.
 
Beginning tomorrow, California small businesses impacted by the COVID-19 crisis can apply for a loan from the federal 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.
 
Today, the Governor also announced that the state is allocating $50 million to the California Infrastructure and Economic Development Bank for loan guarantees to small businesses to help eliminate barriers to capital for individuals who do not qualify for federal funds, including low wealth and undocumented immigrant communities. The state is also allowing small businesses to defer payment of sales and use taxes of up to $50,000, for up to 12 months.
 
Additionally, the Governor joined Bitwise Industries and the Kapor Center to launch OnwardCa.org, a new platform connecting displaced California workers with more than 70,000 job opportunities in critical industries.
 
Earlier this week, Governor Newsom signed an executive order to help small businesses, granting a 90-day extension for small businesses to pay sales taxes.
 
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 Workforce Innovation and Opportunity Act funds with $7.8 million going to the Los Angeles region and $10 million made available statewide.
 
“The COVID-19 pandemic is having cascading effects for millions of California families and small businesses,” said Governor Gavin Newsom. “Through 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.”
 
For more information, go to covid-19.ca.gov.
Derek Gough link
4/3/2020 09:29:24 pm

local business owner in Oceanside. When is Oceanside going to come forward with a plan for a small businesses grants programs, etc!? It seems every other city is putting something together and we keep getting directed back to the general California SBA program. Please help. Don't want to lose my business.


Comments are closed.
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928 N. Coast Highway | Oceanside, CA 92054
760-722-1534 | [email protected]
Copyright © 2025 Oceanside Chamber of Commerce

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Picture
  • About Us
    • Advocacy >
      • Chamber Political Action Committee
      • Public Policy Guidelines
    • Our Work >
      • 2024 Annual Report
      • Committees - Task Forces - Forums
    • Oceanside Young Professionals
    • Oceanside Leadership Academy
    • Workforce Development >
      • SOCAL Workforce
      • Pooled Employer Plan
      • Kindness
      • Frontline Friendly
    • Chamber Staff
    • Privacy Policy
  • Membership
    • Member Portal
    • Business Directory >
      • All Categories
      • Coupons
      • New Members
    • Application
    • Testimonials
    • Digital Plaque - Oceanside Chamber Member
  • Events
    • Signature Chamber Events >
      • Meet the City of Oceanside
      • Armed Forces Day Operation Appreciation
      • Coastal Business Expo
      • North County Health Fair
      • Heroes of Oceanside and Camp Pendleton
      • Oceanside Senior Showcase
      • Rising Star Student Program
    • Monthly Chamber Events
    • Oceanside Community Events
    • Annual OCC Mixer Passs
  • Media
    • Publications >
      • Best of Oceanside Magazine
      • Military Publications
    • Advertising Your Business
    • Member News
    • Blog
  • Oceanside
    • About Oceanside >
      • History of Oceanside
      • Demographics
      • Arts and Culture
      • Education
      • Employment
      • Health Care
      • Religious Organizations
      • Local Government and Services
      • Retiring in Oceanside
      • Oceanside Maps
    • Visitor Information >
      • Beaches
      • Accommodations
      • Groups and Meeting
    • Things to Do >
      • Oceanside Events >
        • Downtown History Walks
        • Farmers Market
        • Sunset Market
      • Shopping >
        • Coupons
      • Dining
      • Surfing
      • Regional Attractions
    • Volunteer Opportunities
  • Resources
    • Community Resources
    • Local Business Resources
    • Military Resources
    • Sustainability Resources