On December 8th, the Santa Clara County Board of Supervisors will be voting on a proposed $100 million financial assistance package to support our local, small businesses. This package could potentially include cash grants and loans for our small businesses, which can give them a fighting chance to survive this dark winter until we can safely reopen the economy again.
Now that Santa Clara County moved into the Purple Tier and most of the economy has been shut down, it is clear that small businesses are suffering from this crisis. According to a recent poll by Alignable, 33% of California small businesses and 38% of minority-owned businesses were unable to pay their November rent. The hardest hit industries are restaurants, beauty salons, retailers, fitness centers, and more.
Since there are no guarantees that we will see a significant stimulus package from the federal government to specifically support our local, small businesses, we must take action for a local assistance package from Santa Clara County. We must advocate for a financial assistance package that includes grants, loans, and maximum flexibility for small businesses of all stripes to qualify for this $100 million program.
Please join the Silicon Valley Chamber Coalition, a group of 17 Chambers of Commerce in the region, in pushing for this program.
Silicon Valley Black Chamber of Commerce
Campbell Chamber of Commerce
Cupertino Chamber of Commerce
Gilroy Chamber of Commerce
Hispanic Chamber of Commerce of Silicon Valley
Los Altos Chamber of Commerce
Los Gatos Chamber of Commerce
Milpitas Chamber of Commerce
Morgan Hill Chamber of Commerce
Mountain View Chamber of Commerce
Palo Alto Chamber of Commerce
Rainbow Chamber of Commerce
Saratoga Chamber of Commerce
Scotts Valley Chamber of Commerce
Silicon Valley Central Chamber of Commerce
Sunnyvale Silicon Valley Chamber of Commerce
The Silicon Valley Organization