California AB265 establishes a Small Business Recovery Fund to support small businesses affected by disasters.

California AB265 creates the Small Business Recovery Fund to aid small businesses impacted by disasters. The Office of Small Business Advocate allocates 10% of the fund to the Small Business Technical Assistance Program and the Capital Infusion Program. The remaining 90% is used for grants ranging from $2,500 to $100,000 to eligible small businesses. Grant recipients must match the funds dollar-for-dollar. The fund prioritizes businesses affected by natural disasters and aims to support recovery, rebuild efforts, and invest in resilient infrastructure.

California AB265 establishes a Small Business Recovery Fund to support small businesses affected by disasters.

California AB265 creates the Small Business Recovery Fund to aid small businesses impacted by disasters. The Office of Small Business Advocate allocates 10% of the fund to the Small Business Technical Assistance Program and the Capital Infusion Program. The remaining 90% is used for grants ranging from $2,500 to $100,000 to eligible small businesses. Grant recipients must match the funds dollar-for-dollar. The fund prioritizes businesses affected by natural disasters and aims to support recovery, rebuild efforts, and invest in resilient infrastructure.