Paycheck Protection Program - Resumed January 11, 2021
The SBA Paycheck Protection Program resumes on January 11, 2021. Apply for forgivable business loans through an authorized lender. For more details, visit the SBA's PPP page located
hereLA County Development Authority Small Business Stabilization Loan Program
New program providing low interest loans ranging from $50,000 to $3,000,000 to support and help stabilize businesses located in L.A. County (including Arcadia). Can be used for working capital, equipment purchases, inventory, refinancing existing loans, and other expenses. Visit
bizstabilization.lacda.org for more details and to apply. The L.A. County Development Authority is also hosting a series of webinars at
bizhelp.lacda.org on how to apply for this loan program and other COVID-19 business assistance topics.
$500 million California Small Business Relief Grants Program
Round 2 of the $500 million California Small Business COVID-19 Relief Grant Program is now closed. Approval notifications for Round 1 grants will be provided by the State of California on a rolling basis January 15 to 22, and Round 2 selection notifications will take place February 11 to 18. This program provides micro grants ranging from $5,000 to $25,000 to California small businesses impacted by COVID-19. Visit
careliefgrant.com for more information.
Los Angeles Regional COVID-19 Recovery Fund
In response to the devastating effects that COVID-19 is having on the local economy, the County of Los Angeles and the City of Los Angeles, in partnership with institutional and corporate philanthropy, have come together to create the LA Regional COVID-19 Recovery Fund. The regional fund offers loan and grant resources to micro-entrepreneurs, small businesses, and non-profits.
Grants
There are no open applications at this time. If you have applied during round 4, 5, or 6, please continue to monitor your email to see if you are selected as a finalist. Additional finalists will be notified throughout the month of November.
LoansThe Loan Program will launch in 2021! The LA Regional COVID-19 Fund will deploy flexible loans to micro-entrepreneurs, small businesses, and non-profits across LA County. Applications and program details will be available in 2021. Sign up here to receive more information on the program launch.
City of Arcadia Small Business Grant Program
News Release - Arcadia Awards Grants to Small Businesses Impacted by COVID-19
The Small Business Grant Program under the new Arcadia Works! economic recovery plan issued $245,000 in Community Development Block Grant (CDBG) funding to 49 qualifying, lottery-selected Arcadia small businesses. These funds, primarily provided under the CARES Act to assist with COVID-19 relief, were distributed in June and July of 2020 as an effort to provide direct relief to as many local businesses as possible. Grants of $5,000 were awarded to each lottery selected small business.
Business Learning Lab Power Hour Program
Business Learning Lab Power Hour
Thank you to all the participants in the Arcadia Business Learning Lab Power Hour series. A copy of the presentations from each session are included below. Presented by the Arcadia Chamber of Commerce, the City’s Economic Development Division, and the Arcadia Public Library, each learning lab features information and resources to help businesses with online marketing and the latest information and strategies for navigating COVID-19.
Business Learning Lab #1 - PPT Presentation 10-7-20
Business Learning Lab #2 - PPT Presentation 10-28-20
Business Learning Lab #3 - PPT Presentation 11-18-20
Business Learning Lab #4 - PPT Presentation 12-9-20
Business Reopenings & Restrictions - Updates from the County and the State
1/25/21 Update: Following the State of California's lifting of the statewide Stay-at-Home Order, personal service businesses can now resume indoor operations at 25% capacity. Beginning Friday, January 29, 2021, restaurants may resume outdoor dining.
On August 28, Governor Gavin Newsom announced California’s new four-tier COVID-19 guidelines for counties to reopen specific business sectors based on what health officials have learned about the pandemic in recent months. The new four-tier color-coded system matches a color to each of the four tiers with purple representing the highest “widespread” risk level for a county with more than seven new cases per 100,000 residents and more than 8 percent positivity rate. Red will represent “substantial” risk, while orange represents “moderate” risk and yellow the lowest level, “minimal” risk, with those lower levels being determined by reduced numbers in case and positivity rates.Click here for more information
Southern California Edison & Clean Power Alliance Assistance
Through the Clean Power Alliance, Arcadia small businesses impacted by COVID-19 are eligible for a one-time $50 stipend to help off-set energy costs. Southern California Edison has also temporarily suspended service disconnections for nonpayment and is waiving all late fees. Visit links below for additional details.
www.cleanpoweralliance.org/covid19
www.sce.com/safety/coronavirus
Extension of Development Deadlines
As a result of the Stay at Home Order and other considerations during the emergency, hardships have been created for developers and land use permittees invoicing their employees, design teams, consultants, and contractors, logistical needs, and financing. Resolution No. 7308 was adopted on May 5, 2020, in order for the City of Arcadia to take measures to keep development projects viable and active during this period of unprecedented economic upheaval.
Flexible Outdoor Seating Guidelines for Restaurants and Other Businesses
The City of Arcadia has issued a Proclamation, effective immediately, to allow expanded outdoor seating for businesses during the COVID-19 local emergency. Businesses may now obtain a no-fee permit to expand customer seating onto public sidewalks, private parking lots and walkways, and other areas adjacent to their place of business.
Restaurants and other businesses may apply for one of the following applications to provide additional customer seating or staging areas:
Plans for seating will be reviewed to ensure the safety of customers and that required social distancing protocols can be met. The City will re-examine the need for this program on an on-going basis.
Email completed applications and attachments to
Planning@ArcadiaCA.gov, or contact the Planning Division at
(626) 574-5423 for more information.
Internal Revenue Services (IRS) Information for Small Businesses on Coronavirus-Related Topics
EMPLOYEE RETENTION TAX CREDIT
The Coronavirus Aid, Relief, and Economic Security (CARES) Act created a new employee retention tax credit for employers who are closed, partially closed, or experiencing significant revenue losses as a result of COVID-19. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19. For more information, click here.
Arcadia Chamber of Commerce
Commercial Tenant Eviction and Foreclosure Protections
On January 29, 2021 Governor Gavin Newsom signed the COVID-19 Tenant Relief Act SB91 into law. The Act extends eviction protections to COVID-19 impacted tenants and establishes the state’s Emergency Rental Assistance Program.
The Act extends tenant protections included in the Tenant, Homeowner, and Small Landlord Relief and Stabilization Act of 2020 (AB 3088) to June 30, 2021. These protections were originally set to expire on February 1, 2021. The Act includes the same eligibility and program rules as before including:
- Prevents evictions for nonpayment of rent by tenants experiencing a COVID-19 hardship.
- Available to any tenant who timely attests under penalty of perjury that he/she has not been able to pay full rent due to COVID-19-related circumstances.
- If a tenant pays at least 25 percent of his/her rent owed between September 2020 and June 2021, they are permanently protected from eviction for not paying their full rent during this period; however they will still owe their landlord all unpaid rent.
- Landlords may still proceed with certain other types of “just cause” evictions unrelated to a tenant’s failure to pay rent.
For more information and resources, visit HousingIsKey.com
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