Other Business Assistance Resources
Contra Costa County Small Business Assistance
While the Danville Business Assistance Program will provide support specially tailored to the needs of Danville businesses, the Contra Costa County Workforce Development Board has also provided a hotline for small businesses affected by COVID-19:
Contra Costa County Assistance for the Business Community is available at (833) 320-1919.
- Exclude PPP Loans from State Taxes: Governor Newsom signed AB 1577 (Burke), which conforms state law to federal law by excluding from gross income Paycheck Protection Program loans that were forgiven through the federal CARES Act and subsequent amendments in the Paycheck Protection Program and Health Care Enhancement Act of 2020.
- Main Street Hiring Tax Credit: Governor Newsom signed SB 1447 (Bradford, Caballero, and Cervantes), authorizing a $100 million hiring tax credit program for qualified small businesses. The credit will be equal to $1,000 per qualified employee, up to $100,000 for each small business employer.
- Tax Relief for Small Businesses: 90-day extension to small businesses in state and local taxes and an extension of all licensing deadlines and requirements for several industries.
- Waived Minimum Franchise Tax for New Businesses: Estimated $100 million allocated in the 2020-21 Budget to waive the $800 minimum franchise tax for the first year of business creation and remove a barrier to entrepreneurship and job creation.
Resource Links For Businesses
U.S. Small Business Administration (SBA)
U.S. Centers for Disease Control and Prevention (CDC) Guidance to Businesses and Employers
California Department of Tax and Fee Administration (CDTFA)
California Small Business Finance Center (SBFC)
Danville Chamber of Commerce
Currently Active Assistance Programs
SBA Economic Injury Disaster Loan Emergency
Working capital loans of up to $150,000 that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing due to the COVID-19 crisis.
SBA COVID-19 Express Bridge Loans
COVID-19 response-funded express loans for small businesses with existing SBA loan agreements. Up to $25,000 in additional loans added to existing SBA agreements.
Main Street Lending Program
The Federal Reserve established the Main Street Lending Program (Program) to support lending to small and medium-sized for-profit businesses and non-profit organizations that were in sound financial condition before the onset of the COVID-19 pandemic. Provides large scales loans ranging from $250,000 to $300 million.
California Rebuilding Fund
The California Rebuilding Fund is designed to provide capital to support the rapidly increasing volume of lending activity to under-served California small businesses in dire need of low-cost loan capital.
Contra Costa County Eviction Protection and Rent Freeze Ordinance
Emergency county ordinance prohibiting landlords from evicting both residential and commercial tenants impacted by the COVID-19 pandemic. Allows temporary deferment of rent and a prohibition on up to 12 months of late fees. Most recently extended to January 31, 2021. Expected to extend further in light of the State’s increased infections.
Anticipated Future Assistance Programs
SBA Paycheck Protection Program (PPP)
Anticipated to reopen once federal funds are approved by Congress. This program provides loans designed to provide a direct incentive for small businesses to keep their workers on the payroll during the COVID-19 crisis. Loans will be fully forgiven if majority of funds are used on payroll.
California Pandemic Unemployment Assistance (PUA)
Anticipated to reopen once federal funds are approved by Congress. This program assists unemployed Californians who are not usually eligible for regular Unemployment Insurance (UI) benefits. This includes business owners, self-employed workers, independent contractors, and who are out of business as a direct result of the pandemic.
CalOSBA COVID Relief Grant
Anticipated to be released in Early 2021. This program will distribute relief through grants of up to $25,000 to underserved micro businesses, small businesses, and non-profits throughout the state.