New stimulus checks, rent relief, business grants: Newsom signs more recovery bills

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California's budget, eviction protections aim to offer relief to state emerging from COVID

to provide grants from $5,000 to $25,000 to small businesses that struggled during the pandemic. So far, some 200,000 businesses have been provided funds.

The competitive grants are available to businesses with an annual gross revenue of up to $2.5 million, and applications are accepted by California’s Office of the Small Business Advocate, which intends to ensure money is distributed to all parts of the state and to firms owned by people of color. In addition, the legislation would provide $150 million in grants for financial relief to event businesses, including theaters, concert halls and minor league sports teams that were closed to live audiences during the pandemic.One of the biggest budget initiatives, AB 133, is still awaiting legislative action and would provide healthcare coverage for low-income people age 50 and older who are living in the country illegally, an initiative that will eventually cost $1.3 billion annually.

The governor’s signature on another bill begins the process for eventually providing CalFresh food assistance, the state’s food stamp program, to low-income people who are currently ineligible because of their immigration status. The first applications are set to be approved in 2023.A budget proposal awaiting final legislative action includes $1.9 billion to create $500 savings accounts for some 3.8 million children from low-income households in grades 1 through 12.

 

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