As California makes progress in slowing the spread of the COVID-19 outbreak, our working families and small businesses continue to struggle.
ASSISTANCE FOR SMALL BUSINESSES
During this difficult time, it is critical that we continue to help our small businesses access resources so that they are able to meet their needs and responsibilities during this economic downturn. The following assistance resources may help if you own a small business or know someone who owns or manages one:
- Small business interest free deferral of sales/use tax (up to $50,000) for businesses with less than $5 million in annual taxable sales.
- 90-day extension on businesses filing a return for less than $1 million in taxes
- Small Business Disaster Relief Loan Guarantee Program (via I-Bank) can provide potential capital for those who do not qualify for federal funds.
Federal U.S. Small Business Administration assistance and stimulus programs, such as the Paycheck Protection Program, may also be able to help. Additional information on available state and federal resources for small businesses is available on the Governor’s Office of Business and Economic Development (GO-Biz) website.
PANDEMIC UNEMPLOYMENT ASSISTANCE
The Pandemic Unemployment Assistance will soon be available to help independent contractors, self-employed individuals and business owners and others who have been impacted by the pandemic. Benefits can be retroactive to weeks starting on or after February 2, 2020 and will be issued within 24-48 hours. The Employment Development Department (EDD) will begin accepting online applications for the Pandemic Unemployment Assistance program on Tuesday, April 28, 2020. For additional information, please visit the EDD website.
I also urge you to visit California’s comprehensive coronavirus (COVID-19) website regularly. This important website provides information that may be useful to you or your loved ones on how to get testing and treatment, get help for small businesses and employers, apply for unemployment and disability benefits, as well as, review data and news from multiple sources.
Working families and small businesses are an important part of our local communities in the 20th State Senate District. I will continue fighting to ensure greater resources for communities across the district and California, as well as everyone impacted by this crisis.
As always, please contact my district office at 909-469-1110 for additional assistance.