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State Grant Program Closes Feb. 8, Emergency Grants for Venue Operators, SBA PPP Prioritizes Small Businesses, Re-opening Resources, Upcoming Webinars

February 5, 2021

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Periodically, the City of Oakland’s Economic & Workforce Development Department (EWDD) will send important updates to businesses, nonprofits, independent contractors and our partner organizations who support them. These are just highlights of available resources. For information on all of the support programs available, please visit our Business & Worker Resource web page.

Please note there will not be an email update on February 12.
In this email: State Grant Program Application Period ends February 8 | Emergency Grants for Venue Operators | SBA Paycheck Protection Program Prioritizes Small Businesses | Resources for Re-Opening | Ongoing Business Support | Upcoming Online Workshops & Webinars
State Grant Program Application Period ends February 8
Applications for Round 2 of California’s Office of the Small Business Advocate’s small business grant program are being accepted through Monday, February 8. Register for a webinar and gathering the necessary documents as outlined in the application guide. If you applied during Round 1, do not re-apply during Round 2 as qualified applications will be rolled over automatically.

The grant program is for eligible small businesses, small non-profits, independent contractors, and sole proprietors with gross revenue of $2.5 million or less. Grant awards range from $5,000 to $25,000 depending on annual revenue.

As part of the December 2020 federal economic aid package, Congress included $15 billion for grants to shuttered venue operators (SVO); $2 billion is reserved for eligible smaller operator applicants with up to 50 full-time employees. While eligibility details and application dates have not yet been released, the SBA’s Office of Disaster Assistance has launched a web page with initial information and guidance.

Eligible applicants may qualify for SVO Grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million.

Eligible entities include:
  • Live venue operators or promoters
  • Theatrical producers
  • Live performing arts organization operators
  • Relevant museum operators, zoos and aquariums who meet specific criteria
  • Motion picture theater operators
  • Talent representatives

Other requirements of note:
  • Must have been in operation as of February 29, 2020
  • Venue or promoter must not have received a PPP loan on or after December 27, 2020

There will be priority application periods for operators that suffered 90% or greater and 70% or greater revenue loss.

For additional details, see their Shuttered Venue Operators Grants Frequently Asked Questions or email SVOGrant@sba.gov.
Through March 31, the Small Business Administration’s is accepting Paycheck Protection Program (PPP) First Draw and Second Draw loan applications. The program opened to all participating lenders on January 19.

The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. For most borrowers, the maximum loan amount is 2.5 times their average monthly 2019 or 2020 payroll costs up to $2 million. For borrowers in the Accommodation and Food Services sector the maximum loan amount is 3.5 times their average monthly 2019 or 2020 payroll costs up to $2 million.

SBA will forgive loans if all employee retention criteria are met, and the funds are used for eligible expenses.

Several business support partners are offering free webinars on the PPP program and how to apply, including twice weekly Spanish-language webinars by the California Hispanic Chamber of Commerce.

First Draw PPP loans are available to eligible small businesses (typically those with 500 or fewer employees), nonprofits, veterans’ organizations, tribal concerns, self-employed individuals, sole proprietorships, and independent contractors. Larger entities in certain sectors that meet SBA’s size standards for those particular industries can also apply.

  • The legislation sets aside $12 billion specifically for minority-owned businesses.
  • PPP loans – if there is an amount that is not forgiven – have an interest rate of 1%.
  • No collateral or personal guarantees are required.
  • Neither the government nor lenders will charge small businesses any fees.

Check with your banking partner to see if they are participating in this new round of PPP loans or review a roster of participating local lenders.

Second Draw PPP loans are available for certain qualifying borrowers that have used all of their first loan amounts. Some of the eligibility qualifications include having fewer than 300 employees and being able to demonstrate at least a 25 percent year-over-year drop in sales in at least one quarter. At least $25 billion is being set aside for Second Draw PPP Loans to eligible borrowers with a maximum of 10 employees or for loans of $250,000 or less to eligible borrowers in low- or moderate-income neighborhoods.
Resources for Re-Opening
Visit the City’s Planning Resources for Business Re-Opening website for the latest information on resources to support re-opening, including:
Ongoing Business Support
A list of up-to-date resources, including information about worker benefits, grants, loans and support services for small businesses, nonprofits and independent contractors, can be found on the City of Oakland’s Business & Worker Resource web page. The site is updated regularly as more information becomes available, so please check it often.
Upcoming Online Workshops & Webinars
Below is a sampling of upcoming workshops and webinars. See additional listings and check for last-minute additions at: https://www.oaklandca.gov/resources/webinars-for-businesses-nonprofits-and-independent-contractors

Cada lunes y miércoles, 6 – 9 p.m.
California Hispanic Chamber of Commerce
Sin Costo Alguno

Cada martes hasta el 20 de Abril, 6 – 9 p.m.
Oakland Latino Chamber of Commerce
Sin Costo Alguno

Saturday, February 6 and Sunday, February 7, 11 a.m. – 3 p.m.
Oakland Chinatown, Pacific Renaissance Plaza, 388 9th Street
Free

Monday, February 8, 11 a.m. – Noon
Alameda County SBDC
Free

How to Get Free PR: Best Strategies for Small Business Owners
Monday, February 8, 3 – 5 p.m.
NorCal SBDC
Free

Tuesday, February 9, 9 – 10 a.m.
NorCal SBDC
Free

Tuesday, February 9, Noon – 1:30 p.m.
NorCal SBDC
Free

Tuesday, February 9, 3 – 5 p.m.
Alameda County SBDC
Free

Disaster Relief Loan Updates: PPP and EIDL
Wednesday, February 10, 10:30 a.m. – Noon
NorCal SBDC
Free

Wednesday, February 10, 1 – 2 p.m.
NorCal SBDC
Free

Thursday, February 11, 1 – 3 p.m.
Alameda County SBDC
Free

Tuesday, February 16, 1 – 3 p.m.
Alameda County SBDC
Free

Tuesday, February 16, 3 – 4 p.m.
NorCal SBDC
Free

Wednesday, February 17, 10:30 a.m. – Noon
NorCal SBDC
Free

Wednesday, February 17, 1 – 3 p.m.
NorCal SBDC
Free

Wednesday, February 17, 1 – 3 p.m.
Alameda County SBDC
Free

Wednesday, February 17, 5 – 7 p.m.
Renaissance Entrepreneurship Center
Free

Website Development & Optimization Webinar Series, Part 1
Thursday, February 18, 1 – 3 p.m.
Alameda County SBDC
Free

Tax Prep for Small Business Owners: Get Prepared!
Tuesday, February 23, 11 a.m. – Noon
NorCal SBDC
Free

Tuesday, February 23, 1 – 2 p.m.
NorCal SBDC
Tuesday, February 23, 1 – 3 p.m.
Alameda County SBDC
Free

Disaster Relief Loan Updates: PPP & EIDL
Wednesday, February 24, 10:30 a.m. – Noon
NorCal SBDC
Free

Wednesday, February 24, 11 a.m. – Noon
NorCal SBDC
Free

Wednesday, February 24, 1 – 3 p.m.
Alameda County SBDC
Free

Thursday, February 25, 1 – 2 p.m.
NorCal SBDC
Free

Friday, February 26, 1 – 3 p.m.
Alameda County SBDC
Free

Tuesday, March 9, 9 – 10 a.m.
NorCal SBDC
Free

Tuesday, March 9, 3 – 5 p.m.
Alameda County SBDC
Free
 
 

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