State Senator Scott Wilk, R-Santa Clarita, has co-authored a measure introduced Thursday that would provide $2.6 billion in grants for small businesses that have been financially impacted during the COVID-19 pandemic.
Proud coauthor of this bill. It is so important we support the recovery of our small businesses. https://t.co/h7n7gP3MaO
— Scott Wilk (@ScottWilkCA) December 11, 2020
Wilk joined a bipartisan coalition of just over two dozen state legislators in co-authoring the “Keep California Working Act,” introduced as Senate Bill 74 (SB-74) by State Senators Andreas Borgeas, R-Fresno and Anna Caballero, D-Salinas.
“If Governor Newsom is going to pick winners and losers in California by opening and closing various sectors, we have a responsibility to provide these main street businesses with aggressive relief efforts,” Wilk said in a statement Friday. “They deserve our support during this challenging time.”
If passed, SB-74 would establish the “Keep California Working Grant Program,” which would issue an allocated $2.6 million to “small businesses and nonprofit organizations that have experienced economic hardship resulting from the COVID-19 pandemic,” according to the text of the bill.
“There are 3.7 million small businesses in California, employing 49.6 percent of the state’s workers,” Wilk said in Friday’s statement. “They are the state’s economic engine – and the pandemic has derailed them.”
See Related: Wilk Demands Answers From Banks For ‘Draining’ EDD Accounts
Additionally, the bill includes an urgency clause which would allow it to take effect immediately upon approval.
“The COVID-19 pandemic, proclaimed a State of Emergency by Governor Gavin Newsom on March 4, 2020, has devastated California’s small business and nonprofit communities,” the bill reads. “Many have permanently closed, and without additional relief, more will follow. In order to provide timely essential relief to our struggling small businesses and nonprofits, it is necessary that this act take effect immediately.”
The bill is currently with the Senate Committee on Rules, where legislators will determine which committee it should be assigned to for further discussion.
The full text of SB-74 can be found here.
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