That’s why many business groups opposed the law, calling it another costly burden for owners struggling to stay open. Small business revenue is down 29% since January 2020, while the number of small businesses open has fallen by more than 34%, according to data from Opportunity Insights, an economic tracker based at Harvard University. The money has come from a significant state surplus, estimated at about $15 billion, which will soon be augmented by an another $26 billion in federal aid.īut California’s small businesses have not fared as well while weathering multiple government-ordered shutdowns throughout the ups and downs of the pandemic. State lawmakers have OK’d more than $14.2 billion in aid for businesses, schools and individuals while redirecting some federal stimulus dollars to pay off unpaid rent for struggling tenants. While California has gotten billions of dollars in federal coronavirus aid in the past year, the state’s Democratic-controlled Legislature has been providing its own economic stimulus in recent weeks. “The absolutely best way to contain the spread (of the virus), beyond the fact of wearing masks as we are and keeping our distance, is to ensure people who have COVID or who are asymptomatic with COVID are not going to work,” Skinner said. And the credit is only available to companies with fewer than 500 employees. It’s only $200 per day if the employee is taking time off to care for a family member.
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