San Mateo County small businesses can begin to apply for emergency funding from the San Mateo County Strong Fund when the application process opens on Monday, April 27, at noon.
The San Mateo County Strong Fund is a countywide fundraiser providing emergency grants to support local small businesses, nonprofits and individuals and families in need. It was established on March 24 with a $3 million contribution by the County Board of Supervisors, and is raising more funds to directly assist community members in the County.
The grants for small businesses can be used to provide payroll for employees, to maintain operations, meet obligations and survive the economic impacts of the shelter-in-place period. Eligible businesses may qualify for the grant regardless of whether they applied for the federal Paycheck Protection Program and/or an Economic Injury Disaster Loan.
To be eligible for a grant, businesses must be a for-profit company with at least two employees; have all applicable and required business licenses and permits since March 31, 2019; have a primary office, storefront or business space open to the public and located in the county and have been open for at least one year; have the equivalent of 10 or fewer full-time employees as of Feb. 15, or less than $2.5 million in annual revenue over the past 12 months, from March 1, 2019 to Feb. 29 this year; and have the ability to demonstrate a 25 percent reduction in gross revenue due to COVID-19.
For more information about the grant and the application process, click here.