COVID-19 SMALL BUSINESS/NONPROFIT GRANTS - PLACER SHARES
Placer Community Foundation
Placer Shares is sharing an additional $5 million with small businesses and nonprofits (in Placer County) impacted by the COVID-19 pandemic. Grants
The Placer County Board of Supervisors recently allocated $5 million for additional rounds of business grants, with $2 million earmarked for small businesses
and $3 million earmarked for safety-net nonprofits
Of the $2 million for small businesses, the Board allocated approximately $1.2 million to fund all eligible applications to the extension of the Placer Shares Grant Program that closed on October 23. Approximately $800,000 remains to be allocated in Placer Shares Impact Grants.
- Eligible businesses may receive up to 2% of their 2019 revenue or $50,000, whichever amount is lower. For example: If your 2019 revenue was $1 million, you may request up to $20,000. If your 2019 revenue was $5 million, you may request up to the maximum of $50,000.
This is a grant program, not a loan, so small busines…