Nevada County has received funding from the California Office of the Small Business Advocate to administer directly to microbusinesses serving their community.
Donor Name: Nevada County
State: California
County: Nevada County (CA)
Type of Grant: Grant
Deadline (mm/dd/yyyy): Ongoing
Details:
The intent of the funding is to provide relief to the hardest to reach microbusinesses and entrepreneurs that have been hit hard by the pandemic and associated shutdowns.
Nevada County will disburse $107,500 in relief funds to microbusinesses impacted by the COVID-19 pandemic. Nevada County has contracted with Sierra Business Council to administer the application and provide technical assistance.
How Funds Can Be Spent
Per the CalOSBA Guidelines, eligible use of funds are:
- The purchase of new certified equipment including, but not limited to, a cart.
- Investment in working capital.
- Application for, or renewal of, a local permit including, but not limited to, a permit to operate as a sidewalk vendor.
- Payment of business debt accrued due to the COVID-19 pandemic.
- Costs resulting from the COVID-19 pandemic and related health and safety restrictions, or business interruptions or closures incurred as a result of the COVID-19 pandemic, as defined in subdivision (l) of Section 12100.83.
Eligibility Requirements
“Qualified microbusiness” means an entity that meets and self-certifies, under penalty of perjury, all of the following criteria:
- Physical address within Nevada County
- Prior to December 31, 2019, the microbusiness began its operation and was legally operating since that time, including being registered with the California Secretary of State, if required.
- The microbusiness is currently active and operating, or has a clear plan to reopen when the state permits reopening of the business.
- The microbusiness was significantly impacted by the COVID-19 pandemic, as evidenced by at least a 10% reduction in revenue from the 2019 to 2020 taxable years, and/or a signed attestation and narrative describing significant impact from COVID-19.
- The microbusiness had less than fifty thousand dollars ($50,000) in revenues in the 2019 taxable year.
- The microbusiness owner’s primary means of income in the 2019 taxable year was the qualified microbusiness.
For more information, visit Microbusiness Grants.
