Economy

San Diego County Small Business Stimulus Fund Application Ends Friday

In July, the San Diego County Board of Supervisors created a small business stimulus grant to provide economic assistance to local small businesses and nonprofits that are experiencing financial hardship.

The Board of Supervisors initially accepted $3.4 million in CARES Act funds for this grant, though they recently voted to accept more federal funding. The grant application began July 7 and officially end this Friday at midnight. To qualify for the relief funding, businesses must have 100 or less employees, headquarters within the county, a minimum of one year operating history as of February 14, 2020, and documentation of financial hardship due to the pandemic.

The Small Business Stimulus Grant Program has saved numerous jobs and businesses throughout San Diego County, though much of the damage done by excessive lockdowns may not be reversed for years. Local small businesses experiencing financial distress due to the pandemic are encouraged to apply for the grant, which does not need to be paid back.

Those interested can see if they qualify and apply here, and should be notified soon after applying whether or not they are eligible for funding. It may not be enough to offset the hardship brought about by the pandemic and lockdowns, but it’s a crucial step in saving local businesses and keeping our economy afloat.

 

Photo by Howard Lake via Flickr