The City of Yorba Linda's Small Business Relief Program has been funded for a third-round of grants to assist local businesses negatively impacted by the coronavirus pandemic. Unanimously approved by City Council at their meeting on January 19, 2021, this third round will quickly provide $640,000 of total funding to Yorba Linda businesses that submitted qualifying applications in Rounds I or II (including businesses that were not selected by the Round II lottery).
Grants will be awarded in the following manner:
$5,000 grants will be awarded to the 21 businesses that were eligible for Round II but were not selected in the lottery;
An additional $3,000 grant will be awarded to each of the 45 eligible businesses in Round II, bringing all approved recipients from Round I and II to an equal grant amount of $8,000; and
The remaining funds (approximately $400,000) will be equally distributed to all eligible business applicants from Rounds I and II, with the total award from all Rounds not to exceed $10,000. The Small Business Relief Program's original intention was to provide $10,000 to businesses hurt by the pandemic.
All qualifying businesses from Rounds I and II can expect to receive a Round III grant check within 10-14 business days, but qualifying applicants from Round II can expect to receive a second check a few days sooner. Businesses receiving Round III grants will be contacted soon, and no further action is required.
For more information or questions regarding the Small Business Relief Program, please email Pam Stoker or call our Economic Development team at 714-961-7105.