SMALL BUSINESS RELIEF GRANT PROGRAM + CITY CARES ACT FUNDING FOR - - PowerPoint PPT Presentation

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SMALL BUSINESS RELIEF GRANT PROGRAM + CITY CARES ACT FUNDING FOR - - PowerPoint PPT Presentation

Mar 16, 2023 333 likes •479 views

SMALL BUSINESS RELIEF GRANT PROGRAM + CITY CARES ACT FUNDING FOR SMALL BUSINESSES City Council Meeting June 16, 2020 2 RECOMMENDATIONS Determine this action is exempt from the CEQA Authorize the City Manager to develop and

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SMALL BUSINESS RELIEF GRANT PROGRAM +

CITY CARES ACT FUNDING FOR SMALL BUSINESSES

City Council Meeting June 16, 2020

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RECOMMENDATIONS

  • Determine this action is exempt from the CEQA
  • Authorize the City Manager to develop and administer a Small

Business Relief Grant Program, funded with $1.97 million in Coronavirus Relief Funds

  • Allocate $36,469 of the Coronavirus Relief Funds to promote the

Shop Costa Mesa initiative through Costa Mesa BAC

  • Allocate an additional $240,000 (for a total of $740,000) of the

Coronavirus Relief Funds to fund right-of-way modifications to assist local businesses address lost capacity as a result of COVID-19 measures

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BACKGROUND

  • March 19, 2020: Stay-at-Home Order
  • April 21, 2020: The City Council received an introduction into

the efforts of the Costa Mesa BAC

  • June 2, 2020: The City Council approved agreement with

County as subrecipients of CARES Act Funding

  • This funding is meant to assist small businesses through

grants only

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FUNDING DISTRIBUTION

Amount Project $500,000 CIP Right-of-Way Project (previously approved) $240,000 CIP Right-of-Way Project (new) ($740,000 total) $1,970,000 Small Business Relief Grant Program $36,469 Shop Costa Mesa, Costa Mesa BAC

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RIGHT-OF-WAY FUNDING

  • To be used to implement parklets, partial closures, restriping,

etc.

  • Aimed at assisting local businesses attain pre–COVID-19

capacities through the use of selected outdoor areas for uses such as outdoor dining

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GRANT PROGRAM FUNDING

  • “Expenditures related to the provision of grants to small

businesses to reimburse the costs of business interruption caused by required closures”

  • Many cities are using a substantial portion of these funds to

deploy small businesses grant programs

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ELIGIBILITY FOCUS FOR BUSINESS

  • Independently-owned business in Costa Mesa
  • Located in commercial or industrial Space
  • Must have business license for a minimum of six months as of

March 19, 2020

  • Business must have 20 or less employees, full-time equivalent
  • Must be in good standing with the City
  • Priority given to businesses that did not received PPP or EIDL

funding

  • Business must follow the State’s re-opening guidance
  • The business must submit an application
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GRANT AMOUNT BASED ON EMPLOYEES

Based on Number of Employees Amount 1 (15% of Businesses) $2,500 2 - 3 (24% of Businesses) $5,000 4 - 6 (20% of Businesses) $10,000 7 - 20 (25% of Businesses) $15,000

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SPECIFICS ON DEPLOYMENT

  • SBDC will administer the Grant Program
  • City will send out mass emails, post information on

costamesabac.com and City website, conduct multiple webinars and develop a flyer with SBDC

  • Target launch date of late June
  • Live lottery will be conducted to identify the awardees
  • Once awardee’s information is verified, money will be

deployed

  • Funds deployed 50% at a time
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COSTA MESA BAC UPDATE

  • April 21: Intro to Costa Mesa BAC
  • May 6: acquired additional data for tracking and tracing
  • May 21: Launched Shop Costa Mesa Program
  • May 25: Launched Call Center Program
  • May 25: Launched Website
  • June 8: Provided Weekly-updated Resource Guide

Assisted in Community Resource Guide Mail out

  • June 9: Provided Universal Signage
  • June 9: Established a weekly email mass notification
  • June 11: LA Times Live Stream “Getting Back to Business”
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COSTA MESA BAC FUNDING

  • Promotional materials
  • Content for Shop Costa Mesa

champions

  • Support materials for businesses
  • Software as a service to help

incentivize Shop Costa Mesa

  • Improvements to the Website to

increase its ease of use by staff, businesses, and patrons

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SMALL BUSINESS RELIEF GRANT PROGRAM +

CITY CARES ACT FUNDING FOR SMALL BUSINESSES

City Council Meeting June 16, 2020

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13 Business Groups Median Sales Median Number of Employees All Businesses $600,000 5 Small Business in Commercially Zoned Properties (All Commercial Uses) $960,000 5 All Restaurants and Food/Beverages Uses $385,500 6

*Surveyed data from ESRI’s Business Analyst pulled June 1, 2020, (based on surveyed of 100 to 375 businesses)