While our City is making great strides in recovering from the pandemic, the reality is, our small businesses are still struggling to keep their doors open.
Last week at city council, my colleagues and I announced that Signal Hill businesses received over $100,000,000 in relief from the Payroll Protection Program (PPP). The Signal Hill COVID-19 Micro Business Recovery Grant Program will provide up to ten $5,000 grants to Signal Hill micro businesses.
All businesses that meet the following criteria will be entered into a lottery process:
Must be a Signal Hill-based business;
Must show a revenue decline of 25% or more based on tax returns from 2019 and 2020;
Must have an opened business within the City by January 2019;
Must have a current 2022 City business license;
Have no more than 10 employees. May be a sole proprietor;
Must be in good standing with the City (no outstanding code enforcement violations or other building issues); and
Must not be an elected or appointed official or an immediate relative of an elected or appointed official.
Grant monies can be used for any of the following:
Business rent/mortgage – beginning in April 2020 – present;
Payroll and benefit costs, including payroll taxes;
Utilities (gas, water, electricity, trash) – beginning in April 2020 – present;
Signage and marketing materials;
Enhanced cleaning and supplies;
Personal protective equipment expenditures for business from April 2020 – present (e.g. masks, sanitizer, barriers, partitions, testing, vaccinations, etc.); and
As your Mayor, and a business owner myself, I will continue to work day in and day out to make sure that our City can continue providing relief opportunities for businesses that need it. Together we can, and will see through these tough times.
Thank you for your trust in me to lead.
Mayor, Signal Hill