Bringing you the latest from the City of Sacramento Innovation & Economic Development on resources and funding opportunities available for your business. As we are in uncharted waters, information is fluid and THE HUB will continue to publish vital news regarding COVID-19 economic relief.
Rapid Response Business Triage HOTLINE: 1-833-391-1919
Sacramento Asian Chamber and Sacramento Metro Chamber Launched the Rapid Response Business Triage Hotline for Small Businesses Impacted by COVID-19 The hotline provides free resources and counseling in multiple languages for the Sacramento small businesses struggling to operate in the current economic climate. Learn more
IRS Employee Retention Credit Under the CARES Act
The Employee Retention Credit is a fully refundable tax credit for employers equal to 50 percent of qualified wages (including allocable qualified health plan expenses) that Eligible Employers pay their employees. Learn more.
COVID-19 Paid Leave Program
The Families First Coronavirus Response Act created new temporary paid sick leave and paid Family and Medical Leave Act (FMLA) programs that are 100% reimbursable by the federal government. Find details.
News for Employers from California EDD
Check out the California Employer Newsletter from State of California Employment Development Department for the latest news, reminders and resources available to support the employer community. Read more.
California Small Business Loan Guarantee with IBank
State of California rolled out its Small Business Loan Guarantee program providing $50 million in state funding, providing potential capital for individuals who do not qualify for federal funds. Qualifying small business owners may apply directly with a lender. Apply here.
Economic Injury Disaster Loan Emergency Advance (SBA)
Small Business Debt Relief (SBA)
Paycheck Protection Program (SBA)
Source: https://bit.ly/2UXyxTm
