A special program to provide relief money for businesses in the underserved communities of San Diego will be created by the City Council.
These funds, amounting to a total of $700,000, are part of the $250 million that the city received from the federal government for pandemic relief for small businesses. Organizations in the Sorrento Valley area could benefit from such funds.
Businesses in historically underserved and economically vulnerable communities, including low and moderate-income areas and others severely affected by the pandemic, will receive grants from $1,000 to $5,000. These funds can be used for the purchase of cleaning materials and personal protective equipment, to cover payments for utilities and rent, and maintain staff.
Those businesses that are eligible for this funding are either independent contractors, self-employed, a sole proprietor, or have revenues under $100,000. Other requirements include having 10 or fewer employees, being in business for at least six months, and showing a decline in revenue in the past six months. Flyer printing is often used to provide more details about requirements and the application process for funding programs like this.
Mayor Kevin Faulconer said the city needs to do everything it can to ensure that small businesses survive and can open responsibly and safely. He added that the city is trying to reach out directly to Asian, Latino, and Black communities to encourage them to take advantage of these funds.
