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Let Supervisor Anderson Know Your Opinion! How Would You Like the Anticipated COVID-19 Federal Stimulus Funds to be Distributed?
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Deadline to Apply for an SBA Federal Disaster Loan for Economic Injury Caused by the Civil Unrest in San Diego and Sacramento Counties Between May 26-Dec 28 2020 - Deadline is April 7th
- The California Public Utilities Commission (CPUC) Voted to Eliminate the HUC - Originally Established by the State as a Way to Encourage Energy Conservation
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Emergency Capital Investment Program is Launched - The Treasury Will Provide Up to $9 Billion in Capital to CDFIs & MDIs
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Attention: Let Supervisor Joel Anderson Know Your Opinion!
How Would You Like the Anticipated COVID-19 Federal Stimulus Funds to be Distributed?
Sign Up to be a Part of This Important Community Workshop - March 15th
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The Chamber encourages you to sign up and be a part of the discussion on March 15th from 6:00 p.m. - 7:30 p.m. to let Supervisor Anderson know how you would like the anticipated COVID-19 funding. Previous COVID-19 funding was used for small business grants, food services, child care services and income stipends. Where would YOU like this round of funding to be spent?
See the information below and the meeting link to enroll.
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Deadline to Apply for an SBA Federal Disaster Loan for Economic Injury Caused by the Civil Unrest in San Diego and Sacramento Counties Between May 26-December 28, 2020 - Deadline is April 7th
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Those small businesses that were impacted by the civil unrest in our area are able to apply for Economic Injury Disaster Loans up to $2 million to help meet working capital needs caused by the disaster. These loans may be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid due to the disaster’s impact. Economic injury assistance is available regardless of whether the applicant suffered any property damage!
The interest rate is 3 percent for businesses and 2.75 percent for private non-profit organizations with terms up to 30 years. Loans are set by the SBA and are based on each applicant’s financial condition.
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Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-Westtoday reminded California small businesses of the April 7, 2021, deadline to apply for an SBA federal disaster loan for economic injury caused by the civil unrest in Sacramento and San Diego counties that occurred May 26 – Dec. 28, 2020.
According to Garfield, small nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size may apply for Economic Injury Disaster Loans up to $2 million to help meet working capital needs caused by the disaster. “Economic Injury Disaster Loans may be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact. Economic injury assistance is available regardless of whether the applicant suffered any property damage,” Garfield said.
These low-interest federal disaster loans are available in the counties of Amador, Contra Costa, El Dorado, Imperial, Orange, Placer, Riverside, Sacramento, San Diego, San Joaquin, Solano, Sutter and Yolo.
The interest rate is 3 percent for businesses and 2.75 percent for private nonprofit organizations with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.
Applicants may apply online, receive additional disaster assistance information and download applications at disasterloanassistance.sba.gov. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
Photo courtesy of Robert Gauthier /Getty Images.
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The California Public Utilities Commission (CPUC) Voted to Eliminate the HUC - Originally Established by the State as a Way to Encourage Energy Conservation |
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The decision to eliminate the High Usage Charge (HUC) - a substantially higher price for electricity that kicks in for customers, once their energy usage exceeds a certain threshold will be well received by San Diego & Electric customers! This decision comes two years after SDG&E filed an application with the CPUC to remove the charge, which caused tens of thousands of customers’ bills to spike during the hot summer months when air conditioning is used. See the information below for all of the details. |
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San Diego Gas & Electric customers will no longer have to worry about getting hit with the state-mandated High Usage Charge (HUC) – a substantially higher price for electricity that kicks in for customers once their energy usage exceeds a certain threshold.
The California Public Utilities Commission (CPUC) voted to eliminate the HUC – originally established by the state as a way to encourage energy conservation. This decision comes two years after SDG&E filed an application with the CPUC to remove the charge, which caused tens of thousands of customers’ bills to spike during hot summer months when air conditioning is used.
Eliminating the HUC is one of several initiatives that SDG&E has been pursuing to help stabilize bills for customers. Last year, the CPUC approved SDG&E’s request to eliminate seasonal changes in energy pricing for some customers as a way to make bills more predictable year round.
The HUC is expected to be removed ahead of summer, pending the filing of an advice letter with the CPUC and programming of the billing system. This change applies to about 312,000 customers who are on the traditional tiered pricing plans, which charges customers solely based on the amount of energy they use, not when they use energy. Last year, about 25,000 SDG&E customers were impacted by the HUC. Customers on Time of Use pricing plans (the vast majority of SDG&E customers) are not subject to the HUC, as the TOU pricing structure already has built-in incentives for customers to conserve during peak hours, 4-9 p.m., when the cost of electricity is the highest.
The HUC was incorporated into SDG&E’s billing structure in late 2017 per state requirements to encourage energy conservation. Residential customers incur the charge after using 400% or more of their baseline allowance. In an effort to provide bill relief to customers last year, SDG&E made a second request to eliminate the HUC, which was denied. However, in today’s decision, the CPUC determined that the HUC was failing in its original purpose to signal to HUC customers that they should conserve electricity. Data shared in the HUC regulatory proceeding showed the charge does not have a substantial impact on conservation by individual customers affected by the HUC.
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Emergency Capital Investment Program is Launched -
The Treasury Will Provide Up to $9 Billion in Capital to CDFIs & MDIs
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The Treasury will provide up to $9 billion in capital directly to depository institutions that are certified Community Development Financial Institutions (CDFIs) or minority depository institutions (MDIs) to provide loans, grants and forbearance for small businesses, minority-owned businesses and consumers in low-income and underserved communities that may be disproportionately impacted by the economic effects of the pandemic.
We have provided the details on this opportunity. Take a look and see how this may help your business or household!
Applications are NOW available using the application portal. ALL applications must be submitted through Treasury’s portal no later than 11:59 p.m., ET on Friday, May 7, 2021.
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Thank you for your support!
Mary England
President & CEO
Cell: 619-251-7730
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La Mesa Chamber of Commerce ∙ P.O. Box 94 ∙ La Mesa, California 91944
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Copyright © 2021 All Rights Reserved. |
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