The COVID-19 pandemic and related closures and stay home orders have created a difficult economic environment for businesses of all sizes, but especially for small, local operations.
After receiving $34 million in Coronavirus Aid, Relief and Economic Security (CARES) Act funding from the State, the City of Bakersfield allocated $5 million to fund the B-CARES grant program, making grants of up to $20,000 available to small businesses in the City limits.
Since the B-CARES program's launch in September, the City received more than 1,500 applications for B-CARES grants – including 441 in the final week of eligibility – and has so far awarded $2.6 million to 411 local businesses. City Staff is still reviewing more than 800 applications and is expected to award the entire $5 million allocation by the end of the calendar year, as required by the CARES Act.
An update on the City's use of CARES Act funding – including the success of this program – was provided to the City Council at its December 16 meeting. That presentation can be viewed in the PDF linked below.
( View PDF )