The following press release was sent by Orange County Supervisor Michelle Steel, an outside organization. Experience FV does not edit press releases and we publish them to bring you direct information.
|May 20, 2020 Volume 6 Issue 10|
|Chairwoman Steel and Supervisor Wagner Get $26 Million in CARES Act Funding Approved, OC Board of Supervisors Rejects $75 million to Support Businesses Across Orange County.|
At the May 19th board meeting, Supervisor Wagner and I proposed a $101 million in CARES Act Funding for a Business Recovery Program.
Under the proposal, $75 million would have been allocated to cities to support small businesses and $26 million would have been set aside to cover reimbursements for eligible city costs. The Orange County Board of Supervisors unanimously approved of $26 million in CARES Act funding to will reimburse Orange County cities that incurred direct costs due to the COVID-19 lockdown.
CARES Act funding restricts the use of funds to cover direct costs of COVID-19, and will not cover revenue losses. The $26 million would be available to cover expenses not reimbursable by the state and federal government.
Unfortunately, in a 3-2 vote, the board rejected an additional $75 million in CARES Act funding to a Business Recovery Grant Program to be administered by cities.
Thirty-one of 34 mayors in Orange County had supported our proposal. The 3-2 vote strips local officials of their powers to allocate essential aid for the businesses negatively affected by our state-mandated lockdowns.
To best accommodate differences between supervisorial offices and to allocate funds to businesses as quickly as possible, Supervisor Wagner and I will focus on giving each Supervisorial district $15 million, instead of allocating funds to each city.
I am dedicated to assisting the struggling small businesses in Orange County. This money is essential, and we are looking to see how we can get this funding to our cities and businesses as quickly as possible.
Join our list
Subscribe to our mailing list and get interesting stuff and updates to your email inbox.