Saving Jobs & Our Local Economy: COVID-19 Update
29,000 Square Feet of Outdoor Dining
In San Mateo, we acted quickly to create 29,000 square feet of outdoor dining for 36 businesses, patrons, and pedestrians. B Street is fully closed between 1st and 3rd and along the west side from Baldwin Ave to 1st Ave, and our Public Works and Economic Development staff worked with local businesses to install 27 parklets.
Repurposing our streets to create outdoor dining helps stabilize local restaurants - an industry that has taken a 70% loss. These businesses can continue seating and serving customers outside now that San Mateo County joined all Bay Area counties on the California COVID-19 watch list.
➡️ Learn more about the permitting process
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SMC Strong Business Grant Highlights
A total of 66 businesses in San Mateo received SMC Strong loans at $10,000 each, thanks to the $400,000 investment approved by our City Council in addition to Measure K and private funds. 68% of the loans went to "main street"-type businesses including: restaurants, personal care businesses, medical businesses, or businesses focused on education.
Paycheck Protection Program
The Paycheck Protection Program (PPP) is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. Loans will be forgiven if all employee retention criteria are met and the funds are used for eligible expenses.
In San Mateo, 2,182 local businesses (almost 33%) of our total businesses received more than $240M in PPP loans over the last several months. The program has helped these businesses retain more than 24,000 jobs, which equates to more than 40% of San Mateo’s workforce.
➡️ The PPP is now accepting applications and the new deadline to apply is August 8, 2020.