Greetings!
We want to keep you updated with information that will help you and your business and hope you find these links useful.
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The U.S. Small Business Administration, in consultation with the Treasury Department, announced on January 8, that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday, January 11, and Second Draw PPP Loans on Wednesday, January 13. The PPP will open to all participating lenders shortly thereafter. Updated PPP guidance outlining Program changes to enhance its effectiveness and accessibility was released on January 6 in accordance with the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act.
This round of the PPP continues to prioritize millions of Americans employed by small businesses by authorizing up to $284 billion toward job retention and certain other expenses through March 31, 2021, and by allowing certain existing PPP borrowers to apply for a Second Draw PPP Loan.
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Federal Help for Small Businesses and Non-Profits
Dear Friend,
On December 27, 2020, the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 (H.R. 133) was signed into law.
Set forth below is a guide from the U.S. Chamber of Commerce, issued late last month.
In addition, you may also find the below helpful.
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California recently announced a $500 million Small Business Covid-19 Relief Grant program for eligible small business owners and nonprofits who have been impacted by COVID-19 and the health and safety restrictions. Grants up to $25,000 will be given to eligible small businesses and nonprofits to help cover expenses during the pandemic.
Application Period Extended: State of CA COVID-19 Grant Relief Program
The State of California has a new grant opportunity available for small businesses!
Visit their website to learn eligibility requirements and get your documents ready.
The application is now open and has been extended to Wednesday, January 13.
If you have questions about this grant, the SBDC Network is hosting free webinars in multiple languages to provide you with answers and help you prepare to apply next week.
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Found/L.A. Grant: Round Two!
Eligible small business owners can apply for up to $25,000 in grant support from FOUND/L.A., a collaborative of community partners. Round two opens in one week!
Round 2 Deadline: Sunday, January 17
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SACRAMENTO, Calif. – Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West announced today that SBA has approved more than $5 million in federal disaster loans for California businesses and residents impacted by civil unrest in Alameda and Los Angeles counties that began May 26, 2020. According to Garfield, SBA has approved $4,394,300 for businesses and $679,700 for residents to help rebuild and recover from this disaster.
Garfield said, “Although the deadline to apply for property damage loans has expired, small businesses and most private nonprofit organizations of any size may continue to apply for an Economic Injury Disaster Loan to help meet working capital needs caused by the disaster. Economic injury assistance is available regardless of whether the business or nonprofit organization suffered any property damage.”
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UPDATED COVID-19 RESOURCES
To support the certified firms community, LAX Integrated Express Solutions (LINXS) Constructors will continue providing updates and information about financial relief programs and other resources for local small businesses.
Small Business COVID-19 Relief Grant
Per last week's announcement from California Governor Gavin Newsom, the California Office of the Small Business Advocate will soon begin accepting applications for the Small Business COVID-19 Relief Grant. This relief includes $500 million in grants for small businesses impacted by COVID-19. Click here to learn more and sign up to receive updates while the program is being created.
Free Small Businesses Counseling
The LA County Procurement Technical Assistance Center (PTAC) offers free one-on-one technical assistance and training to help businesses in Los Angeles County that are interested in local, state, and federal government contracting. To schedule a session, please sign up to be connected with a small business counselor.
City Financial Resources
In addition to state-wide financial relief programs, tax incentives and grants available to California businesses, please visit the following pages for city-specific resources:
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Does your business need help optimizing or creating a website? Do you need help optimizing or creating business listings and a digital presence? Mayor Eric Garcetti launched LA Optimized to help small businesses adapt to the rapid shifts in consumer behavior and technological advances by empowering them to boost their digital marketing, maximize their online business listings, create or optimize their websites, and increase their knowledge and presence in the e-commerce space - all at no cost to businesses.
In addition, this program will provide grants to select creatives (photographers, graphic designers, videographers, writers, etc) for providing creative and digital content
services including branding, videography, photography, website copy, and
graphic design to small businesses.
If you are a business owner interested in the program, please learn more here.
If you are a creative professional interested in supporting businesses, please apply here.
Applications will be
accepted on a rolling basis until September 1, 2021.
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As you know, the LA Al Fresco program has been a lifeline to Los Angeles restaurants during the pandemic, with over 2000 restaurants permitted to-date. While outdoor dining is temporarily suspended, LADOT continues to process and approve applications and implement curbside and street closure dining operations as for use as soon as restrictions are lifted.
Thanks to Council leadership, LADOT was authorized for $2m in CARES Act funding to implement curbside and street closure dining locations across the City. The CARES Act requires us to spend all $2m before the end of the year and need your support to fulfill applications even while restrictions are in place.
We're strongly encouraging businesses to apply for curbside dining closures this week to allow us to install outdoor dining improvements before the end of the year (and in time to be reimbursed by CARES). If you know of any businesses or business districts that would benefit from this program, please direct them to our application portal or connect us with them directly as soon as you can.
To further support business engagement LADOT hired CicLAvia (a 501c3 nonprofit) and you may see them included on communication with businesses in your district.
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LADOT Al Fresco Dining Applications
The L.A. Al Fresco program has been a lifeline to Los Angeles restaurants during the pandemic, with more than 2,000 restaurants permitted to-date. While outdoor dining is temporarily suspended, LADOT continues to process and approve applications and implement curbside and street closure dining operations for use as soon as restrictions are lifted. With $2 Million in CARES Act funding to be fulfilled by year's end, LADOT is urging businesses to apply in time to be reimbursed. To apply, click here.
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CA Main Street Small Business Tax Credit
Small business owners who hired new employees or rehired staff that had to be laid off may qualify for a state tax credit of $1,000 per employee. The credit can be applied to the business owner’s income tax or sales and use tax liability. Small businesses must meet the qualifications below:
· Employed 100 or fewer employees as of December 31, 2019.
· Had an increase in employees between July 2020 - November 2020, compared to the prior quarter (April 2020 - June 2020).
· Suffered a 50 percent decrease or more in income tax gross receipts between second quarter 2020 - second quarter 2019.
Tax credits will be given on a first-come-first-served basis and the program is offering $100 million total in tax credits to business owners statewide. The application period ends on January 15, 2021. For more information and to apply, click here.
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Our Call Center Can Help Your Business
DCBA has partnered with the Department of Workforce, Development, Aging, and Community Services, and other County and State agencies to bring you the L.A. County Disaster Help Center. The center has resources for businesses as well as employees to help during the COVID-19 emergency.
Counselors are available Monday through Friday between 8:30 a.m. and 5:30 p.m. to help business owners navigate emergency loan applications and help individuals that were recently laid off due to this emergency. Multilingual help is available.
Contact the Disaster Help Center:
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Did you know small businesses impacted by the pandemic may qualify for tax credits and other relief? Find out what options are available.
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LA County is helping train businesses on the implementation of COVID-19 safety protocols through a no-cost online training course called the COVID-19 Safety Compliance Certification Program (CSCCP). Once completed, business owners receive a certificate, and window seal to display on their storefront, which can reassure employees and customers alike that the business is following COVID-19 infection control and physical distancing requirements.
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Virtual Meetings and Webinars |
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Reminders for programs you may be aware of. |
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This email contains external links.
The Encino Chamber of Commerce makes no representations or warranties whatsoever about this company, its products or services or the information contained in this email.
Furthermore, this advertisement contains links to third-party email addresses or websites that are not under the control of the Encino Chamber nor has the Chamber reviewed the content or claims of any of those emails or websites.
When you access a non-Chamber website, you do so at your own risk and the Encino Chamber is not responsible for the accuracy or reliability of any information, data, opinions, advice, or statements on these third-party websites. The Encino Chamber provides these links solely as a convenience and the inclusion of such links does not imply that the Encino Chamber endorses or accepts responsibility for the content, information collection, or use of such third-party emails or websites or about the companies or businesses to which they relate or belong to.
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About Encino Chamber of Commerce
Thank you and we look forward to seeing you at our next event. Please log on to our web site at
Encino Chamber of Commerce
4933 Balboa Blvd.
Encino, California 91316
(818) 789-4711
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