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Small Business COVID-19 Economic Impact Grant

Small Business COVID-19 Economic Impact Grant

The COVID-19 pandemic and increased restrictions have deeply affected small businesses within
the County of El Dorado by reducing the ability of these businesses to operate at financially viable
levels. To mitigate the impact on small businesses, the County of El Dorado has allocated
American Rescue Plan Act (ARPA) funds for COVID-19 Economic Impact Grants.

The purpose of this program is to offer financial assistance to eligible small businesses in the
County that have been affected by the COVID-19 pandemic and the resulting restrictions. This
program will provide grants that small businesses can use as a replacement for revenue losses in
2020 and 2021. The loss will be based on revenue of tax years 2020 and 2021 compared to a
baseline equal to the average revenue of tax years 2018 and 2019.

Small Business Grant Proposed Program

Microbusiness and Non-Profit Covid-19 Relief

The California Office of the Small Business Advocate has awarded funding to the Chabot – Las Positas Community College District for the Microbusiness COVID-19 Relief Grant Program to provide grants to microbusinesses in the counties of Alameda, Amador, Contra Costa, and El Dorado.

This program will provide grants of $2,500 to microbusinesses (businesses that have fewer than 5 employees and earn less than $50,000 per year) that were in operation in 2019, still in operation, and were impacted by the COVID-19 public health restrictions.






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