Reopening of Businesses - Updates from the County and the State
On September 2, Public Health Officials announced that Los Angeles County is updating its health order to allow hair salons and barbershops to resume indoor operations, with capacity limited to 25%. Options for increasing capacity will be re-evaluated three weeks after Labor Day.
On August 28, Governor Gavin Newsom announced California’s new simplified, 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 would match 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
Los Angeles Regional COVID-19 Recovery Fund - Round 4.5 (Non-Profits $1MM+ Only) Opens 9/21 & Round 5 Opens 10/5
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 will offer loan and grant resources to micro-entrepreneurs, small businesses, and non-profits.
Grants
The fund will deploy $3 million in grants available at $5,000 for micro-entrepreneurs and $15,000 for small businesses and non-profits operating in Los Angeles County over the course of four (4) months. Round 4 is now closed. Round 4.5 (Non-Profits $1MM + Only) opens September 21, 2020. Round 5 Opens October 5, 2020. More information to follow.
LoansThe Fund will deploy flexible loans and micro-loans to micro-entrepreneurs, small businesses, and non-profits across the LA region in Fall 2020. Learn more here.
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, will utilize $245,000 in Community Development Block Grant (CDBG) funds. These funds, primarily provided under the CARES Act to assist with COVID-19 relief, will be directly disbursed to small Arcadia businesses. The application period ended May 20, 2020 at 5:30 p.m.. Grants will be issued based on a lottery of all qualifying applications. The small business grants represent an effort to provide direct relief to as many local businesses as possible. Grants of $5,000 will be awarded until all available funding is utilized.
Business License Renewal Payment Extensions
A 60 day grace period has been put in place for Business License renewal payments that were due during April and will be due in May and June. In addition, all late Business License payment penalties are being waived until businesses are allowed to reopen. For any questions regarding your Business License payment, please contact the Business License Division at (626) 574-5430 or by email at BL@ArcadiaCA.gov.
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.
Small Business Administration (SBA) Cares Act Funding
Our nation's small businesses are facing an unprecedented economic disruption due to the Coronavirus (COVID-19) outbreak. On Friday, March 27, 2020, the President signed into law the CARES Act, which contains $376 billion in relief for American workers and small businesses. In addition to traditional SBA funding programs, the CARES Act established the following new temporary programs to address the COVID-19 outbreak.
Applications and additional information on all of these programs are available online at
SBA.gov/coronavirus.
PAYCHECK PROTECTION PROGRAMThis forgivable loan program provides loans for retaining employees by temporarily expanding the traditional SBA 7(a) loan program. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.
ECONOMIC INJURY DISASTER LOAN (EIDL)The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
EIDL LOAN ADVANCEThis forgivable loan advance will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties. Funds will be made available within three days of a successful application. This loan advance will not have to be repaid.
SBA EXPRESS BRIDGE LOANSEnables small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a term loans or used to bridge the gap while applying for a direct SBA Economic Injury Disaster loan.
SBA DEBT RELIEFThe SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic. The SBA will pay the principal, interest, and fees of current 7(a) loans for a period of six months. The SBA will also pay the principal, interest, and fees of new 7(a) loans issued prior to September 27, 2020.
Applications and additional information on all of these programs are available online at
SBA.gov/coronavirus.
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.
PAID LEAVE FOR WORKERS AND TAX CREDITS FOR SMALL BUSINESSES
- Small and midsize employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees. For more information, click here.
California State Treasurer Fiona Ma Provides Valuable New Information on Tax Relief and Food Access
California State Treasurer Fiona Ma today announced she has added new resource lists on tax relief and food access to the State Treasurer’s website, which already includes a list of resources for small businesses. View the tax relief list here, the food list here, and the small business list here.
Centers for Disease Control and Prevention (CDC)
Arcadia Chamber of Commerce
Tenant and Property Owner Protections
On Monday, August 31, Governor Gavin Newsom has signed legislation to protect millions of tenants from eviction and property owners from foreclosure due to the economic impacts of COVID-19. These protections apply to tenants who declare an inability to pay all or part of the rent due to a COVID-related reason.
Click here for more information
On Tuesday, July 21, the Los Angeles County Board of Supervisors approved an extension of the temporary eviction moratorium. The moratorium was extended until September 30, 2020 and may be extended by the Board on a month to mont basis. For more information, visit
here.
Tenants' "Bill of Rights"Frequently Asked QuestionsEviction Moratorium Implementation Guidelines
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