Riverside County microentrepreneurs can now apply for financial support.
Photo: PATRICK T. FALLON/AFP/Getty Images
Riverside County Microentrepreneurs affected by the COVID pandemic and trying to regain financial stability may apply for grants of up to $2,500authorities announced on Monday.
“The health of our Riverside County businesses is extremely important as we continue to navigate our current economic challenges,” said Board of Supervisors Chairman Jeff Hewitt.
The official said that the economic amount offered will contribute to help some micro-enterprises most affected and that need resources to reactivate their businesses.
About $2.8 million will be awarded to the county for its COVID-19 Relief Grant Programfunds that came from federal appropriations to the state last year and that are distributed by the Office of the California Small Business Advocate, according to the Riverside County Office of Economic Development.
It is estimated that up to 1,120 county micro-businesses may be eligible to receive the grants that the program offers.
Applications can now be submitted will be accepted until 5 pm on June 30, 2022.
To be eligible, interested microenterprises must employ at least five workers, not have been in operation since at least December 31, 2019 and generate total income of less than $50,000 annually, authorities explained.
The criteria also specify that beneficiaries cannot have previously received state small business relief grant resources.
economic support are intended to help stabilize workforces and employee retention, as well as for the payment of commercial rent and mortgages, in addition to covering supplier invoices.
For more information and to apply you can refer to this link.
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Source-laopinion.com