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The original item was published from 5/22/2020 11:58:00 AM to 7/31/2020 12:05:00 AM.

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News - Temecula Revive

Posted on: May 25, 2020

[ARCHIVED] City of Temecula approves Half Million in Small Business COVID-19 Emergency Relief Grants

Revive_Coronavirus Update may 25 2020

On Thursday, May 21, 2020, during a City Council Budget Meeting, the Temecula City Council approved a half million dollars in aid for Temecula Small Business. The program, branded as, “Temecula Assist”, is a Small Business Emergency Relief Grant designated for Temecula business owners coping with the financial effects of the COVID-19 pandemic. Temecula Assist (TA) provides direct relief to business owners in an effort to energize Temecula’s local economic backbone, which are small businesses.

TA is comprised of 2 tracks:

1.  Rent Recovery and Job Retention Track: 

  • $10,000 max grant per business
  • Funds to be used for rent, mortgage, payroll
  • Focuses on low/moderate income jobs
  • Has a two year monitoring period
  • Program is funded with $329,000 of Federal dollars (Community Development Block Grant)
  • Has a two year monitoring period
  • Expenses must be COVID-19 related

2.  Business Improvement Track: 

  • $5,000 max grant per business
  • Funds to be used to retool and/or update a business to coincide with new health related requirements. Examples include expanding outdoor patios, assistance with permit fees, improve e-commerce capabilities, install sneeze guards, etc.
  • Program is funded with $171,000 of City General Fund dollars
  • Has a six month monitoring period
  • Expenses must be COVID-19 related

Application and Selection Process: 

Applications and additional program details will be available on the City’s website starting Tuesday, May 26, 2010 through June 9, 2020. Once the application period closes, applicants will be selected from a lottery process and will then be deemed eligible. Applicants are only able to apply for one grant. Grant funds will be dispersed immediately after completing the underwriting process. Grantees have 6 months to show eligible expenses incurred after June 9, 2020.

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