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Business Corner

Tips, advice, and news from Inland Empire to help you start, run, and grow your business.

  • Tue, June 01, 2021 8:03 AM | Faby Carrera (Administrator)

    2020 was an unprecedented year, full of uncertainty, social distancing and personal loss. Fortunately, there are signs across the country of customers returning, and we’re getting back to business.

    Reimagine Main Street, a project of Public Private Strategies, and their partners surveyed >1,300 diverse small business owners across the country to find out if small businesses are rebounding from COVID-19, and if recovery is experienced equally across communities.

    Here’s what they found:

    Small Business Owners are Optimistic About the Future

    % Optimistic about the Future of their Businesses

    But signs of Recovery NOT Experienced Equally

    % Agree “We have turned the corner on the pandemic and business is returning to normal”

    AAPI, Black, and Native Business Owners Expect Slower Recovery

    %  Expect at least 6 months before reaching pre-pandemic revenue

    Equitable Recovery Requires Solving for Small Dollar Business Financing and More

    The smallest businesses lack confidence that they can access funding to operate and grow

    % Agree that “I am confident that my business can access financing to meet working capital and growth needs”

    See more survey results, click HERE

  • Tue, May 25, 2021 11:04 AM | Faby Carrera (Administrator)

    After spending a week touring the state and promoting a $100 billion pandemic recovery package — bolstered by a stunning $75.7 billion surplus and additional federal dollars — California Gov. Gavin Newsom presented the rest of his revised budget.

    Newsom's latest proposal includes $1.5 billion to add another round of small business grants up to $25,000, for a total of $4 billion in small business aid. 

    This is in addition to a $6.2 billion tax cut approved by the Legislature and signed by the Governor in April.  According to the Governor, this is the largest state tax cut of its kind in history, and certainly the most significant one for those businesses hit hardest by the pandemic.

    Other small business proposals include: 

    • Increasing the CalCompetes tax credit program to $360 million, and establishing a one-time $250 million grant program, to incentivize businesses to relocate to California.
    • $147 million for the Main Street Small Business Tax Credit to assist small businesses that have hired and retained workers since the second quarter of 2020.
    • $95 million to jumpstart California’s tourism industry, one of the largest economic drivers in the state that was particularly impacted by the pandemic.
    • $200 million to expand sales tax exclusions through the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) to promote, grow and incentivize green manufacturing in California.

    Watch Gov. Gavin Newsom's update on the budget proposal

  • Mon, April 26, 2021 6:10 PM | Faby Carrera (Administrator)

    The comprehensive package providing urgent relief for the small businesses of CA provides an additional $2 billion for grants up to $25,000 for small businesses impacted by the pandemic.

    To help you prepare for Round 6, please review the Program and Application Guide for a detailed overview of the program and step-by-step instructions for the entire application process.

    For-Profit Business: CLICK HERE to view

    Nonprofit Organizations: CLICK HERE to view

    Here are the most frequently asked questions about Round 6:

    What are the key dates for Round 6?

    Open: April 28th, 2021

    Close: May 4th, 2021

    Start of Selection Notification: May 7th, 2021

    I was waitlisted in Rounds 1, 2, 3 or 5. Do I need to submit a new application in Round 6?

    NO. Waitlisted applicants will automatically  be rolled into Round 6. Do not reapply. Reapplying may flag your application as fraud.

    I own multiple businesses and was funded in a previous round. Can I apply in Round 6 for another business?

    NO. Owners of multiple businesses, franchises, locations, etc. will be considered for only one grant and are required to apply for their business with the highest revenue.

    My spouse and I have separate businesses. Are we both eligible for funding?

    NO. Only one grant will be considered for each household.

    I started an application in a previous funding round but did not finish. Do I need to restart my application in Round 6?

    NO. If you started an application during the application window and your application is incomplete, you can log into your account with Lendistry to submit a complete application.

    To learn more, please visit https://cahcc.mylendistry.com/#/login.

  • Wed, February 17, 2021 10:10 AM | Faby Carrera (Administrator)

    Paycheck Protection Program (PPP) 

    Application submission deadline: May 31, 2021

    WHO MAY QUALIFY for PPP Round 2?

    The new funding is available to both, first time applicants and returning borrowers.

    Here is a list of Inland Empire Lenders

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Faby Carrera


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