Ineligible Businesses

The following businesses are not eligible for a grant award under the California Dream Fund:

    1. Businesses that registered prior to July 1, 2019;
    2. Businesses without a physical location in California;
    3. Nonprofit businesses not registered as either a 501(c)(3), 501(c)(6) or 501(c)(19);
    4. Government entities (other than Native American tribes) or elected official offices;
    5. Businesses primarily engaged in political or lobbying activities (regardless of whether such entities qualify as a 501(c)(3), 501(c)(6) or 501(c)(19));
    6. Passive businesses, investment companies and investors who file a Schedule E on their personal tax returns;
    7. Churches and other religious institutions (regardless of whether such entities qualify as a 501(c)(3), 501(c)(6) or 501(c)(19)) , other than a school, child care, or other educational business affiliated where (i) greater than 50% of the gross annual revenue is derived from the school, child care facility or educational business and (ii) the grant will be used only for eligible costs and expenses directly related to the school, child care, or other educational business, and no portion of the grant will be used for any normal profit or overhead of the church or other religious institution;
    8. Financial businesses primarily engaged in the business of lending, such as banks, finance companies and factoring companies;
    9. Businesses engaged in any activity that is illegal under federal, state or local law; and
    10. Businesses of a prurient or sexual nature.

In addition ,”Gig-workers” are not eligible for the grants since the focus is on businesses that may or will be able to create jobs for non-owner individuals.

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