Small businesses welcome financial help, eager for other non-monetary assurances
SACRAMENTO, Calif., May 13, 2021—The representative association for California’s small businesses today thanked Gov. Gavin Newsom for upping to $4 billion the amount of grant money available to Main Street enterprises in his California Comeback Plan with an additional $1.5 billion.
“With federal money through Paycheck Protection Program loans having run its course, the governor’s announcement today that California would step in to fill the void for small businesses still in need of financial help is welcome news for mom-and-pop enterprises that have been hanging on for dear life this past year,” said John Kabateck, California state director for the National Federation of Independent Business (NFIB), the nation’s largest and leading small-business association.
“They don’t need more debt, they need resources that will get their lights back on, people back to work, and communities growing once again, which is why grants are the ideal resource. They don’t have to be paid back. We appreciate Governor Newsom taking this big step.
“Two things the Legislature could do to complement the governor’s call to ‘step up our game’ would be to pass liability protection for small businesses against unfair COVID-19 lawsuits aimed at them and to declare a moratorium on all proposals to increase taxes and regulations. We really have more than enough paid leave programs and ideas. The governor’s grant offer is a vital and necessary start to getting more customers to walk through the door. It would be nice to see the Legislature do its part.”
Note to Editors—More details about the governor’s plan will be contained in his May revise of the state budget that he will announce tomorrow.
Keep up with the latest on California small-business news at www.nfib.com/california, where this release can also be read, or by following NFIB on Twitter @NFIB_CA or on Facebook @NFIB.CA.
For 78 years, NFIB has been advocating on behalf of America’s small and independent business owners, both in Washington, D.C., and in all 50 state capitals. NFIB is a nonprofit, nonpartisan, and member-driven association. Since its founding in 1943, NFIB has been exclusively dedicated to small and independent businesses and remains so today. For more information, please visit nfib.com.
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