Cupertino Approves Emergency Relief Grant Program for Small Businesses
The City of Cupertino has created a new program to provide one-time emergency grants of $5,000 to eligible small businesses to provide working capital during the COVID-19 pandemic.
The Small Business Emergency Relief Grant Program was approved by City Council at its June 17 meeting. The City will utilize its CDBG-CV CARES Act fund allocation of $229,017 to provide grants to eligible businesses with 25 or fewer employees that include low-moderate income individuals. The grants do not need to be repaid.
“Small businesses are a vital part of our Cupertino community and most are struggling during this pandemic,” Mayor Steven Scharf said. “Our business owners provide jobs, contribute to the local economy, and live in our community. We hope these funds will enable businesses to survive and continue serving the community.”
The City Council approved a framework for the emergency relief grant program to include eligibility criteria. Applications will be scored on a point system. More details, including how to apply, will be released when the program is fully developed.
For questions or more information about this program, contact Economic Development Manager Angela Tsui at firstname.lastname@example.org or (408) 777-7607.
For the latest information and business resources regarding COVID-19, please visit cupertino.org/covid19businessinfo