The surging pandemic, economic recession, and wildfires have taken a sizable toll on California businesses. Funding is available for businesses to weather these challenges and make it through our current multiple crises.
During this webinar, banking and financial experts in our region discuss the various programs available and how to navigate the application process. Ron Zraick, Director at Petrinovich, Pugh & Company and Angelo DeBernardo, EVP and Chief Lending Officer from Santa Cruz County Bank present details on grant programs available through federal and state relief packages to help get back on track through the COVID-19 crisis.
- CAA – Consolidated Appropriations Act (follow-up to CARES Act)
- PPP Round 1 Forgiveness and Round 2 Requirements
- Second PPP application process and forgiveness for PPP funding from the CARES Act
Click on the images below to view the presentation slides:
About this program
Local nonprofit Monterey Bay Economic Partnership (MBEP), has partnered with California Technology Manufacturing Consulting (CMTC) on a program designed to bring economic relief to manufacturers in the Monterey Bay region. Manufacturers, like all businesses, have been hard hit by the changing landscape caused by the COVID-19 pandemic. CARES Act funding has been allocated through CMTC to economic development organizations throughout the state of California to help alleviate the crisis.
“CMTC has long been a valued member of MBEP. When they approached us to participate in this program, it seemed like a perfect fit. We’ve been 100% focused on helping our region with COVID-19 relief in the past few months, and this effort is specifically tailored to getting the manufacturing sector up and running to pre-crisis conditions. We want to help them sustain their operations now and in the future,” said Kate Roberts, President & CEO of MBEP.
MBEP is providing resources and services at no cost to manufacturers such as assistance in finding sources of capital or local/state incentives, guidance on PPP loan repayment, information on new local and state policies and laws, information regarding workforce development programs, and technical assistance through California’s Manufacturers Accelerator program. The goal is to meet with manufacturers throughout the region to identify and understand their specific needs, challenges, and opportunities, and provide them with assistance for recovery and growth.
Eligible industries include print, woodworking, R&D, biotech, food/beverage production and processing, jewelry making, stone and tile working, electronics, and more.