State Assistance to Businesses in Response to COVID-19

Jan 4, 2024 - Second, as described below, there has been other research documenting racial disparities in PPP loans among business owners, particularly that Black business owners received fewer PPP loans compared to white businesses owners.
https://lao.ca.gov/Publications/Report/4824

Federal Assistance for Businesses Affected by COVID-19

Apr 3, 2020 - The maximum first draw PPP loan is $10  million and the maximum second draw PPP loan is $2  million. CARES Act Funding for PPP Quickly Exhausted. PPP loans are made on a first-come, first-served basis.
https://lao.ca.gov/Publications/Report/4215

The 2022-23 Budget: Federal Tax Conformity for Federal Business Assistance

Jan 26, 2022 - In California, nearly 700,000 businesses received $35.9 billion in PPP loans. As of January 9, 2022, about 85 percent of the PPP loans nationwide have been forgiven. Restaurant Revitalization Fund (RRF).
https://lao.ca.gov/Publications/Report/4501

^[PDF] State Assistance to Businesses in Response to COVID-19

Federal Business Relief Provided Mainly Through the Paycheck Protection Program (PPP). The single largest business assistance program during the pandemic was PPP, a forgivable loan program created in March 2020.
https://lao.ca.gov/reports/2024/4824/State-Assistance-to-Businesses-COVID19-010424.pdf

2014 GDP: California Ranks 7th or 8th in the World [EconTax Blog]

Jul 1, 2015 - An alternative international GDP comparison uses purchasing power parity (PPP) instead of exchange rates to attempt to adjust for differences in living costs across countries. Using PPP, California’s economy—adjusted for cost of living—can be viewed as ranking eleventh in the world, as shown below.
https://lao.ca.gov/LAOEconTax/Article/Detail/90

^[PDF] The 2022-23 Budget: Federal Tax Conformity for Federal Business Assistance

In California, nearly 700,000 businesses received $35.9 billion in PPP loans. As of January 9, 2022, about 85 percent of the PPP loans nationwide have been forgiven. • Restaurant Revitalization Fund (RRF).
https://lao.ca.gov/reports/2022/4501/fed-tax-conformity-012622.pdf

^[PDF] The 2021-22 Budget: Small Business Grants

More Than 620,000 California Businesses Received PPP Loans Through August 2020. The federal Small Business Administration (SBA) reports that just over 620,000 small businesses and nonprofit organizations in California received PPP loans in the first round that closed in August.
https://lao.ca.gov/handouts/localgov/2021/Small-Business-Grants-012221.pdf

Supplemental Report 1996-97 Fiscal Year

The report shall include: (a) the status of any outstanding workers' compensation claims filed as a result of the PPP program, (b) the current-year's actual expenditure level for PPP-related workers' compensation claims and medical screenin g costs, and (c) the budget-year estimated expenditure level for PPP-related workers' compensation claims and medical screening costs. 2.
https://lao.ca.gov/1996/070796_sup_report/1996_supplemental_report3.html

^[PDF] Overview of the 2021-22 Governor’s Budget

Businesses Loans and grants $50 - $60 • Provides additional funding for forgivable Paycheck Protection Program (PPP) loans. Small businesses can receive a second PPP loan under certain conditions. • Businesses can take tax deductions for the expenses covered by PPP loans. • New grants for businesses in low-income communities.
https://lao.ca.gov/handouts/state_admin/2021/Senate-Governors-Budget-Overview-011421.pdf

^[PDF] 1965 Budget Analysis: Control Sections

Item 353(qq) of the Budget Act of 1964, appropriated $137,500 for working drawings for science classroom building at the new San Ber- nardino State College campus. At that time it was contemplated that one single structure would be erected.
https://lao.ca.gov/analysis/1965/22_control_1965.pdf