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Paycheck Protection Program
This week, the Office of Entrepreneurial Development announced the latest enhancements to SBA’s Payment Protection Program (PPP), including:
- Beginning February 24, the SBA has established a 14-day, exclusive PPP loan application period for businesses and nonprofits with fewer than 20 employees.
- Sole proprietors, independent contractors, and self-employed individuals can receive more financial support through a revised funding formula for these categories of applicants.
More information on these changes can be found in the White House Fact Sheet or the SBA Paycheck Protection Program website.
Upcoming State of California Relief for Businesses and Individuals
This week Governor Newsom signed into law a new package of immediate relief actions, including:
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Immediate Relief for Small Businesses: Provides $2.1 billion – a four-fold increase over the $500 million currently being distributed – for grants up to $25,000 for small businesses impacted by the pandemic, and allocates $50 million of this total for non-profit cultural institutions.
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Fee Waivers for Most Impacted Licensees: The agreement provides for two years of fee relief for roughly 59,000 restaurants and bars licensed through the state’s Department of Alcoholic Beverage Control, and fee relief for more than 600,000 barbering and cosmetology individuals and businesses licensed through the Department of Consumer Affairs.
More information on the legislative package can be found here. We will pass along more detailed information as it becomes available.
The City of Alameda has launched a new webpage to track vaccine sites, availability and eligibility in Alameda County. This website, updated daily, includes links to vaccination sites that may have appointments available, the latest on vaccine eligibility, and more.
Alameda workers in food and agriculture, emergency services, education and childcare sectors, and older adults age 65 and up are currently eligible to receive their vaccines. Everyone will have the opportunity to be vaccinated for COVID-19, but supply remains limited.
Please click here to visit the Alameda Vaccine Sites & Eligibility webpage.
Applications due Thursday, March 11
The State of California has partnered with eBay to launch the Up & Running California program. Through the program, up to 300 California small businesses will be selected to participate in a six-week interactive eCommerce training program designed to help them get and grow online.
This new, 100% free program will offer participating businesses the educational resources, interactive instruction, and seller-to-seller coaching they need to compete on eBay’s marketplace.
Please click here for more information, and to apply.
Wednesday, March 10 or 31, 9:00am-12pm
This free half-day course is specifically designed for managers and supervisors working in Meat Packing and Food Processing facilities who are responsible for
developing and implementing their COVID-19 Protection Plan. This interactive course
will be conducted virtually via Zoom and will focus on the protections necessary for
protecting employees from COVID-19 that are required by the new Cal/OSHA
COVID-19 Protection standard. You will walk away from this class with the tools
necessary for creating, or improving, your required COVID-19 plan.
Please click here to sign up.
Tuesdays @ 2 is a weekly, zoom-based Town Hall series for Alameda businesses, hosted by the Downtown Alameda Business Association. This series provides an opportunity for Alameda businesses to hear about the City's COVID-19 response and other updates directly from City leadership. Substantial time is also provided for businesses to share their questions and concerns.
The meeting is held every Tuesday at 2pm.
Join Online:
https://alamedaca-gov.zoom.us/j/83105449641
Dial by phone: 1-669-900-9128 Meeting ID: 831 0544 9641
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