DATE:
March 15, 2022
08
TO:
Board of Supervisors
SUBJECT
Title
AMENDMENT TO SAN DIEGO COUNTY SMALL BUSINESS STIMULUS PROGRAM (DISTRICTS: ALL)
Body
OVERVIEW
On May 19 (28), July 7 (12), August 4 (3), and October 13 (13), 2020, the Board of Supervisors ("Board") approved a total of $27.5 million of CARES Act Coronavirus Relief Fund funds for economic stimulus grants for restaurants and small businesses. On November 25, 2020 (1), the Board approved an additional $20 million from the County of San Diego ("County") General Fund to assist businesses most impacted by the State's highest tier restrictions. The Board continued to prioritize stimulus grants for small businesses. On February 9, 2021 (9), the Board approved the immediate development of a third round of the Small Business Stimulus Grant Program to deploy a minimum of $30 million in additional grants (a minimum of $6 million per district) and included a provision to limit the ability for small businesses to apply for this funding if it was in an incorporated city with an active small business stimulus grant program. On April 6, 2021 (5), the Board adopted Option 2 of the Small Business Grant Program that allocated $6 million to each District, with the following award criteria: 80% or $4.8 million district specific and 20% or $1.2 million based on Health Places Index (HPI) 4th Quartile; business sectors most affected by the pandemic; or a combination of HPI and business sectors. On June 8, 2021 (3), the American Rescue Plan Act (ARPA) framework was approved and appropriations to support the Small Business Stimulus Program were established and the application portal was launched on June 9, 2021.
Today's recommendation requests the Board approve an amendment to the Small Business Stimulus Program guidelines to reflect the Board's prior direction and to allow eligible businesses located in an incorporated city that had an active small business stimulus program in place when the application period f...
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