The Invest In Neighborhoods Division of OEWD (Office of Economic and Workforce Development) works with individual businesses whenever an unforeseen event occurs that negatively impacts small businesses like COVID-19.
This is to provide support and resources that the businesses may need to get them through this difficult time. Because of the disruptions that COVID-19 pandemic has created for the small business community, the COVID-19 Small Business Resiliency Fund was created. It allows impacted small business owners to access up to $10,000 for employee salaries and rent. This program is administered in partnership with Northeast Community Federal Credit Union.
To be eligible for the COVID-19 Small Businesses Resiliency Fund, small businesses must:
- Have at least 1 employee and no more than 5 employees
- Demonstrate a loss of revenue of 25% or more
- Have less than $2,500,000 in gross receipts
- Be engaged in activities that are regulated by the City and County of San Francisco and have a license/permit associated to that regulation
All applications must be completed and submitted via email to [email protected] or they can be mailed or delivered to:
Attn: Judy Lee – COVID 19 Small Business Resiliency Fund
1 Dr. Carlton B. Goodlett PL. Rm# 448
San Francisco, CA 94102
In addition to the application form, businesses are required to submit the following:
- Proof of Payroll Costs
- Proof of a 25% or more revenue loss
Download the application form from the OEWD website
WE’D LOVE TO HELP.
We will continuously update you regarding evolving news surrounding legislative and administrative issuances dedicated to relieve the general public of the effects of COVID-19. Stay tuned with the advisory bulletin. For immediate clarifications, please contact us at [email protected] or discuss it with your Scrubbed professional.
Disclaimer
The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. It is not intended to be relied upon as accounting*, tax, or other professional service. Please refer to your advisors for specific advice. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation.
