$3.875M FOR MICRO BIZ GRANTS APPROVED BY CHAIR FLETCHER, BOARD OF SUPES
Today, Chair Nathan Fletcher and the San Diego County Board of Supervisors approved $3.875 million in funds to help 1,550 microbusinesses with fewer than five full-time employees have faced historic barriers to accessing capital. (Board Letter Here)
“Small business owners have endured a lot the last two years. Getting this state funding in the hands of small businesses can help over 1,500 small businesses,” said Chair Fletcher. “When you’re a business owner that employs fewer than five full-time workers, the margins can be thin, and every dollar matters. It is a small step we can take to support our local entrepreneurs.”
The microbusinesses that receive the grants can use the money to purchase equipment, invest in working capital, apply for new permits, and for debts and costs accrued because of COVID-19. The funds will be prioritized for those in rural areas, low-income communities, low wealth areas, or businesses majority-owned and operated by veterans, women, minorities, or persons of color.
Details about applying for the grants will be made available in the near future.
Since 2020, Chair Fletcher has led the way in making financial support of more than $150 million available to owners of small businesses, nonprofits, and their employees. To read more visit here.