Message from Yucaipa’s City Manager
“Businesses are the foundation of economic growth and prosperity. During this unprecedented pandemic, the City of Yucaipa is even more devoted to supporting our businesses by providing resources and information on the many financial opportunities afforded by various governmental entities and companies. Dedicated City staff is available to assist business owners in navigating through these and other resources, and connecting them to other resources and support opportunities as they become available. We take pride in the many businesses that call Yucaipa home and are committed to helping them through this challenging time!”
Below is a list of resources that businesses are encouraged to consider. Please check back often as new resources will be added to this list as they become available.
|Agency Level||Program||Agency / Company||Program Summary|
|Government - Federal||Main Street Business Lending Program||Federal Reserve||Various new measures to limit the losses to jobs and incomes as a result of the COVID-19 pandemic, and to promote a swift recovery once the disruptions abate.|
|Government - Federal||Economic Injury Disaster Loan Program||Small Business Administration||Available to businesses directly affected by the disaster, offer services directly related to the businesses targeted in the emergency declaration, other business indirectly related to the industry that are likely harmed by losses in their community. This will help meet capital needs caused by the declared disaster and help pay financial obligations and operating expeses had the disaster not occured. EIDL does not replace lost revenue, profits or fund expansions. Loans limited to $2m, less business interruption insurance and other recoveries. Requires collateral. Apply online.|
|Government - Federal||Disaster Loan Program||Small Business Administration||Eligibility for Economic Injury Disaster Loans is based on the financial impact of the Coronavirus (COVID-19). The interest rate is 3.75 percent for small businesses. The interest rate for private non-profit organizations is 2.75 percent. SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years and are available to entities without the financial ability to offset the adverse impact without hardship.|
|Government - Federal||Tax Relief||Internal Revenue Service||A number of steps to assist taxpayers by providing relief on a variety of issues ranging from easing payment guidelines to postponing compliance actions.|
|Government - Federal||Various Relief Programs||Export-Import Bank of the United States||Various relief programs and provisions for exporters of U.S. goods and services, and financial institutions located throughout the United States that may have been affected by COVID-19|
|Government - State||Tax Relief||CA Department of Tax and Fee Administration||Pursuant to executive order, the CDTFA has the authority to assist individuals and businesses impacted by complying with a state or local public health official's imposition or recommendation of social distancing measures related to COVID-19. This assistance includes granting extensions for filing returns and making payments, relief from interest and penalties, and filing a claim for refund. For more information on submitting requests for relief, please visit www.cdtfa.ca.gov.|
|Government - State||Disability Insurance, Paid Family Leave, Uneployment Insurance Benefits||Employment Development Department||Various resources for employers and businesses, including information on how to file a claim for these State programs and benefits.|
|Government - State||Paid Sick Leave, Worker's Compensation||Department of Industrial Relations||Various resources for employers and businesses, including information on how to file a claim for these State programs and benefits.|
|Government - State||Resources||CA Labor and Workforce Development Agency||centralized source of info.|
|Private Corporation||Small Business Grants Program||Facebook||Taxpayers may request assistance by contacting the CDTFA|
The goal of the Economic Development division is to maintain a close working relationship with the local business community and also with area wide economic development organizations, developers, site location specialists and others involved in business development. The division is responsible for coordinating the City’s economic development activities with potential and existing businesses and to implement the City’s vision for economic prosperity through its value-added economic development programs, partnerships, and innovative opportunities to create quality jobs for the community.
Yucaipa continues to support business, new as well as existing, and encourages quality development in the community. For more information on how we can help, contact the Economic Development Division at 909-797-2489, ext. 227.