Insightful Information from Ace Plus Tax Resolution
If you own a small business in California, you could get COVID grants up to $25 thousand dollars! On May 13, Governor Gavin Newsom proposed adding $1.5 billion dollars to a program providing grants of up to $25 thousand dollars to small business owners, which will help many more business owners to receive this grant. This relief program had $2.5 billion dollars to give away, but with the proposed addition of 1.5 billion dollars, it would put the fund at $4 billion dollars. This would be the largest state relief program in the country for small businesses. If this proposal is approved, it’s estimated to be able to provide grants to about 150,000 California small businesses. The grant would be incredibly helpful for those struggling to stay afloat in the current state. It’s been studied that 35% of small businesses are three months from closing, if they didn’t get additional financial help.
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