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The original item was published from 1/5/2021 3:31:49 PM to 2/6/2021 12:00:03 AM.

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Posted on: January 5, 2021

[ARCHIVED] City Council approves two new programs aimed at helping small businesses

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South Lake Tahoe, CA- City Council gave the green light to two new programs aimed at helping small businesses in our community get through the COVID-19 pandemic.

At their first meeting of 2021, Council approved a new small business/non-profit loan program. Council approved $700 thousand to go directly to small businesses through the program. The program will give out up to $15 thousand per business, depending on the organization's size and available funds.

"This program is crucial in helping out the backbone of our community during a very critical time," said City Manager Joe Irvin, "People need assistance right now. The City is stepping up in every way we can to provide it."

Applications must be submitted by January 15th to be considered during the first review. Organizations must comply with all state and local requirements or face immediate repayment of the loan. For details on the program and how to apply, click here.

Council also approved $75,000 to go to the Tahoe Chamber's small business gift card program. The program encourages people to buy gift cards that can be used at many small businesses in the City.

"This is just one more way the City is showing its commitment to small businesses in our area," said Mayor Tamara Wallace, "The need is great in South Lake Tahoe right now, and the City is committed to finding creative ways to help meet those needs."

The City's money will go toward an incentive "bonus" card program, fees for the program, and signage for participating businesses. The gift card program is already running. To purchase a gift card, click here.

"We salute the City's support for this program and small businesses in South Lake Tahoe," said Tahoe Chamber CEO Steve Teshara, "We know our community needs help right now and this money will be a vital part of that effort."

Since the beginning of the pandemic, City Council has started several programs to help our City get through this difficult time. Through charitable donations, PPE reimbursement programs, and small business assistance loans, City Council has allocated $1.225 million in assistance.

"Our City is committed to helping everyone navigate the COVID-19 pandemic," said Mayor Wallace, "This crisis is ongoing, and the need is constantly changing. Since the beginning, this City has been keenly aware of the specific needs of our community and adapted to help in any way we can."

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