FOR IMMEDIATE RELEASE
August 1, 2022
CCEDA Partners with the City of Burbank to provide over $1.4 million to 100+ businesses during the Small Business Coronavirus Pandemic Grant Program.
Los Angeles, CA (August 2022) – The City of Burbank, in partnership with the California Community Economic Development Association (CCEDA), has deployed over $1.4 million to over 100 businesses and entrepreneurs. In 2021, CCEDA assisted Burbank with launching the Burbank Small Business Assistance Program to provide assistance to businesses impacted by the Coronavirus pandemic.
“CCEDA’s outstanding efforts during the pandemic has provided over $6 million in PPP & Economic Injury Loans and over $2 million in forgivable loans & grants directly to over 200 small businesses in Carson and Burbank, said CCEDA Executive Director, Roberto Barragan. “This was not a lottery, but a targeted program putting money in the hands of small businesses to save jobs.”
CCEDA has done outreach to over 35,000 businesses and also provided Technical Assistance to 2,000 businesses.
Small businesses impacted by COVID 19 received Small Business Assistance loans between $10,000 to $20,000. Eligible businesses included self-employed contractors, entrepreneurs, gig workers, or businesses with less than 200 employees.
“I am a home based daycare licensed with the State of California and my background is infant toddler care specialist as well as caring for children on the Autism Spectrum,” said Shayla Esposto owner of Love Bugs Infant Toddler Care of Burbank. “The city of Burbank awarded us funding to get back on track during the pandemic and keep us afloat and for that I am forever grateful for that assistance during the pandemic to allow us to continue operating during such challenging times.”
From application, to processing, to closing and funding, there was no in person interaction due to Covid-19 restrictions. CCEDA staff were given the responsibility of proper due diligence, taking steps to prevent fraud and collecting documentation to ensure the proper deployment of business saving capital, including documentation requirements in the closing and funding of grants.
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Founded in 1989, California Community Economic Development Association (CCEDA) is a statewide non-profit in the economic development field. The company offers technical assistance and education designed to serve our membership — organizations actively engaged in revitalizing California’s neighborhoods.