City of Milpitas – Office of Economic Development
News & Updates: Assistance and Guidance for Businesses and Workforce
Dear Business Representatives,
 
The City of Milpitas’ Office of Economic Development has re-prioritized our mission, in response to the COVID-19 effects on our Milpitas business community. Our immediate priority is providing you with important information and employer resources for your business operations, employees, and non-profits in order to mitigate the COVID-19-related loss of business. Although our staff are working remotely, we are accessible by e-mail and have revamped our Economic Development “Milpitas Innovates” website with helpful and up-to-date information and direct links to the resources you are likely to need to weather these times. To access this information, please visit www.MilpitasInnovates.com

 The resources below provide County, State, and Federal COVID-19 announcements, programs, and information relevant to Milpitas businesses. The information is also incorporated onto the www.MilpitasInnovates.com website, which is updated frequently.

  • On March 16, 2020, seven Bay Area jurisdictions, including Santa Clara County, issued an order for all non-essential services to the public to close to help slow down the spread of the novel COVID-19 in our community. Click here to read the definition of Essential Businesses.

  • On March 16, 2020, the Small Business Administration (SBA) Economic Disaster Injury loan program in Santa Clara County became live and can provide businesses and non-profits with relief from COVID-19 impacts. The application portal is now open and can be found through the SBA COVID-19 webpage. The SBA Economic Injury Disaster loan program provides small businesses with working capital loans of up to $2 million, which can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.

  • Interested business owners are encouraged to apply for an SBA Economic Injury Disaster Loan sooner rather than later as applications will be processed on a first-come-first-serve basis. The SBA’s Office of Disaster Assistance is rapidly ramping up and will do their best to stay on top of the demand. In order to assist further, the City of Milpitas is offering you technical assistance on applying for this critical business loan. Please contact Elijah Mermin, Special Projects Associate at BusinessAssistance@ci.milpitas.ca.gov if you need assistance with loan eligibility, purpose of funds, repayment plan, SBA supporting information required, etc.

  • PayPal offers financing to small businesses via two programs, PayPal Business Loan and PayPal Working Capital. The PayPal Business Loan program offers loans from $5,000 to $500,000 and is best suited for businesses with at least 9 months in business and $42,000+ in annual revenue. A PayPal Business account is required to fund your loan. The PayPal Working Capital offers loans from $1,000 to $300,000 and is best suited for existing PayPal customers that have had a PayPal Business account for at least 90 days and have processed $15,000+ with PayPal within the last 12 months.

  • Need more time to prepare your federal tax return? The IRS has enacted an extension of time to file your tax return. This page provides information on how to apply for an extension of time to file.


  • The State of California’s Employment Development Department has programs to help both employers and employees deal with the costs of illness, caring for ill family members, shorter hours and closures. Employers can even request an extension on their payroll reports and payroll taxes. 

  • The California Capital Access Program for Small Business (CalCAP SB or Program) encourages banks and other financial institutions to make loans to small businesses that have difficulty obtaining financing. CalCAP is a loan loss reserve program which may provide up to 100% coverage on losses as a result of certain loan defaults.

We promise to keep you updated as conditions change and anticipated resources become available. 
 
In community spirit,
Alex

Alex Andrade
Economic Development Director
Phone: (408) 586-3046  Email: aandrade@ci.milpitas.ca.gov
455 E. Calaveras Blvd., Milpitas CA 95035