x
Breaking News
More () »

CBS News 8 - San Diego, CA News Station - KFMB Channel 8 | cbs8.com

Mayor Faulconer announces San Diego’s Small Business Relief Fund tops $20 million

Small business relief efforts will exceed $20 million with this latest $13 million infusion in CARES Act funding.

SAN DIEGO COUNTY, Calif. — Mayor Kevin L. Faulconer on Wednesday was joined by Economic Development Director Christina Bibler and a local brewery owner to detail millions in federal CARES Act stimulus funding to expand the City’s small business relief efforts.

This week Mayor Faulconer released a revised Fiscal Year 2021 budget proposal that prioritizes federal CARES Act stimulus funds for small businesses, homeless services, and childcare for frontline workers. The proposal calls for using roughly $13 million for small business relief.

Created last month by Mayor Faulconer, the City’s Small Business Relief Fund provides loan and grants to help local employers sustain operations, retain employees and address reductions in consumer demand. More than 10,000 business owners submitted applications for relief, far exceeding the initial resources available. The Mayor has since grown the fund as part of a broader economic relief package and enlisted the help of corporate donors and generous San Diegans.

Small business relief efforts will exceed $20 million with this latest $13 million infusion in CARES Act funding.

RELATED: Coronavirus in San Diego and California: Latest updates and news

RELATED: Watch live: San Diego County officials reiterate restaurants cannot open for dine-in service until approved by state

RELATED: Supreme Court blocks House from grand jury testimony in Mueller’s Russia probe

RELATED: Supervisors vote to restart San Diego County Human Relations Commission