You are using an older browser version. Please use a supported version for the best MSN experience.

California small business grants to open in February, local help available

The Desert Sun (Palm Springs) logo The Desert Sun (Palm Springs) 1/23/2021 Melissa Daniels, Palm Springs Desert Sun

Small businesses that took financial hits brought on by the coronavirus pandemic will soon be able to apply for more state grant money as part of a $475 million program.

The California Small Business COVID-19 Relief Grant Program will award eligible businesses grants of up to $25,000. Applications will be accepted Feb. 2-8, with award notifications going out Feb. 11-18.

Application information can be found online at CAReliefGrant.com, but they must be submitted through one of many partner organizations. 

To help local businesses navigate the process, the city of Palm Springs on Thursday announced a new hotline to provide assistance. The hotline is (760) 323-8273 or can be reached via email at PSAdvisor@palmspringsca.gov.

a group of palm trees with a building in the background: A rainbow was visible from Indian Canyon Road in downtown Palm Springs after light rain showered the city on December 28, 2020. © Omar Ornelas/ USA Today Network A rainbow was visible from Indian Canyon Road in downtown Palm Springs after light rain showered the city on December 28, 2020.

And the Palm Desert Area Chamber of Commerce is hosting a webinar on multiple state and federal small business programs on Jan. 27 at 9 p.m. Attendees can learn more and register at pdacc.org.

More on the grant program

The $475 million grant program is under the umbrella of the California Office of the Small Business Advocate, with a private third-party called Lendistry handling the application process.

The grant program opened up earlier this month, with more than 300,000 applications coming in. Eligible businesses from that round will receive notifications of their awards through Friday. Any businesses that applied in the first round and did not receive any award will automatically be considered in the second round.

The program has numerous eligibility requirements and will involve submitting properly scanned documentation online. Grants are only available for businesses with up to $2.5 million in annual revenue.

Partner agencies that can accept applications include:

At least two of the organizations have local outposts where people can submit applications: the Coachella Valley Women's Business Center and the Coachella Valley Small Business Development Center.

Those who receive the funds must put them toward specific uses, which could be payroll, health care costs, overhead like rent and utility payments, costs of reopening and complying with COVID-19 protocols like face masks and Plexiglass barriers, or any other COVID-19 related expenses.

A hard-hit economy 

The Palm Springs regional economy is still reeling from the pandemic-induced recession and could be for some time. 

In late 2020, the Coachella Valley Economic Partnership estimated the shutdown orders in place to prevent the spread of the virus could lead to the permanent loss of more than 650 local restaurant and accommodation businesses, and 310 retailers. That translates to the livelihoods of about 16,600 people, or 11% of total jobs in the Coachella Valley.

More: How much is a home in the Coachella Valley? Here's a look at all nine cities

More: 'There's power in numbers': New Coachella Valley businesses in 2021 push through pandemic

In the Palm Springs’ 92262 zip code, which is home to the heart of the tourism area with many small shops and businesses, small business revenue has fallen by 80%, while small business revenue in Indian Wells has fallen by 73%, according to a recent study from Opportunity Insights referenced by CVEP.

Melissa Daniels covers economic development, hospitality and local business in the Coachella Valley. She can be reached at (760)-567-8458, melissa.daniels@desertsun.com, or on Twitter @melissamdaniels.

This article originally appeared on Palm Springs Desert Sun: California small business grants to open in February, local help available

AdChoices
AdChoices

More From The Desert Sun (Palm Springs)

The Desert Sun (Palm Springs)
The Desert Sun (Palm Springs)
image beaconimage beaconimage beacon