San Diego Mayor Kevin Faulconer introduced plans for $four million in “micro loans” to assist small companies like bars and eating places that should shut because of the coronavirus pandemic.
“San Diego companies by and huge are following the well being orders which have been issued over the past a number of days,” he mentioned. “Sadly, that implies that most of our beloved institutions from the native bar to your favourite eating places are struggling.”
He famous that 98% of the companies in San Diego County are small and need assistance to remain afloat and pay their workers.
Faulconer mentioned $four million is just the start, with personal monetary establishments anticipated to kick in extra money. “We’re going to start out with that $four million and develop that shortly,” he mentioned.
Faulconer mentioned info on tips on how to apply for the loans could be forthcoming inside a number of days.
He additionally introduced a 120-day deferral of native tax and payment funds for companies and prolonged all constructing permits for 120 days.
Mayor Outlines Plan for ‘Micro Loans’ to Assist Small Enterprise That Should Shut was final modified: March 18th, 2020 by
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