California governor signs $7.6B coronavirus relief package
The law Newsom signed on Thursday puts another $2 billion into that program. Businesses with annual revenues between $1,000 and $2.5 million are eligible for the money, with a priority given to businesses owned by women and minorities and businesses in areas with high unemployment rates.
"Relief is on the way to California families and businesses hit hardest economically by the pandemic," Sen. Skinner, D-Berkeley, said in a statement. "The actions we took will be especially helpful to families and small businesses that were excluded from federal stimulus payments."
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