Gov. Newsom: Calif. to provide additional support to keep small businesses afloat

FILE – In this Monday, March 30, 2020, file photo, California Gov. Gavin Newsom updates the state’s response to the coronavirus outbreak, at the Governor’s Office of Emergency Services in Rancho Cordova, Calif. (AP Photo/Rich Pedroncelli, Pool, File)

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UPDATED 7:35 PM PT — Thursday, April 2, 2020

The state of California has unveiled a new financial relief package for businesses affected by coronavirus lockdowns. On Thursday, Governor Gavin Newsom announced small businesses will not be fined or otherwise penalized for one year.

According to Newsom, they will be able to get low interest loans of up to $50,000 and will not have to pay the state sales tax for the same period.

“We want to make sure people are taking advantage of that economic injury disaster loan program,” he said.

Gov. Gavin Newsom stands near a chart showing the impact of the mandatory stay-at-home orders, as he gives an update on the state’s response to the new coronavirus, at the Governor’s Office of Emergency Services in Rancho Cordova, Calif., Wednesday, April 1, 2020. AP Photo/Rich Pedroncelli, Pool)

The governor also thanked President Trump for federal support provided to California.

“Every time I’ve called the president, he’s quickly gotten on the line. When we asked to get support for that Mercy ship in Southern California, he was able to direct that in real time. We got 2,000 of these field medical sights that are up, almost all operational now, in the state because of his support.” – Gavin Newsom, Governor of California

He added up to 75 percent of financial support provided to businesses will benefit their employees during this crisis.

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