JEDE COVID-19 Midweek Update - September 9, 2020

MAJOR ANNOUNCEMENTS

  • Help for Evacuees:  Insurance Commissioner Ricardo Lara issued a Notice to all California property and casualty insurance companies urging them to cover Additional Living Expenses (ALE) for those policyholders who remain under mandatory evacuation or whose homes are otherwise inaccessible or uninhabitable due to the wildfires.  http://www.insurance.ca.gov/0400-news/0100-press-releases/2020/release084-2020.cfm

  • Fire Assistance:  California Office of Emergency Services released this summary of the state’s wildfire assistance.

 

Wildfire Assistance - By the Numbers
 
County
Registrations
Individuals & Household program grants approved
Housing Assistance
Approved
Other Needs Assistance
Program Approved
 
 
 
 
 
Lake
219
$10,438.82
$8,438.82
$2,000.00
Monterey
219
$70,513.85
$52,338.76
$18,175.09
Napa
593
$389,173.04
$257,686.66
$131,486.38
San Mateo
320
$102,890.71
$90,778.82
$12,111.89
Santa Cruz
3,584
$1,546,437.67
$1,310,300.24
$236,137.43
Solano
515
$513,592.75
$420,408.16
$93,184.59
Sonoma
787
$182,921.40
$155,415.50
$27,505.90
Yolo
70
$8,572.00
$7,072.00
$1,500.00
Total
6,307
$2,824,540.24
$2,302,438.96
$522,101.28
  • Summary of the State’s Small Business Response to COVID-19:  Governor Newsom released a list of actions the state has taken to support small businesses during the COVID-19 pandemic.  file:///S:/ajed/2020%20-%20COVID-19%20Respoonse/06%20-%20Recovery%20Strategy/Small-Business-Fact-Sheet-9.9.20%20gov%20Press.pdf  This list was prepared to support the signing of three important small business bills, including SB 1447 (Bradford, Caballero, and Cervantes) Small Business Hire Credit.

  • Office of Diversity Testimony:  The Program Director for the Office of Diversity and Inclusion at the Federal Reserve Bank testified before the US House Committee on Financial Services, Subcommittee on Diversity and Inclusion.  https://www.federalreserve.gov/newsevents/testimony/clark20200908a.htm  Highlights of the testimony include:

    • The Board is committed to equal employment opportunity and fostering diversity and inclusion in our workplace. As part of this commitment, the Board has made progress in increasing the level of diversity in senior leadership.   

    • The Federal Reserve System focuses considerable time and attention on increasing racial and ethnic, gender, and sectoral diversity among Reserve Bank and Branch directors. This focus on diversity stems from our belief that these boards function more effectively when they are constituted in a manner that encourages a variety of perspectives and viewpoints.   Information on racial and ethnic, gender, and sectoral characteristics of the boards of directors are updated annually and posted on our website.  In 2020, approximately 75% of Class C directors—those directors appointed by the Board to represent the public—and 70% of Class B directors—those elected by member banks to represent the public—are diverse in terms of race and ethnicity or gender.

    • Identification of minority- and women-owned businesses for the Board's capital projects is critical, and we align minority- and women-owned businesses with prime contractors for subcontracting opportunities, when possible. The Board has made significant progress in the inclusion of minority-owned and women-owned businesses in the Board's acquisition process. For example, 2019 contracts awarded to minority- and women-owned businesses increased 9% over 2018. 

    • We continue to strongly encourage the institutions we regulate to provide information on their diversity policies, practices, and self-assessments. In the last two years, regulated entities slightly increased their submissions of assessments of their diversity policies and practices. However, we are not satisfied with the level of responsiveness from these entities. 

GOOD NEWS ABOUT SMALL BUSINESS AND ECONOMIC DEVELOPMENT FRIENDS

STATE LEGISLATION RELATED TO COVID-19, MARCHES FOR SOCIAL JUSTICE, AND ECONOMIC RECOVERY

DATA, SURVEYS, AND ANALYSES

  • State Unemployment Benefit Numbers Released:  EDD released unemployment insurance data for California for the week ending August 29.  https://www.edd.ca.gov/About_EDD/pdf/news-20-44.pdf  Unemployment Benefits include Unemployment Insurance (UI), Pandemic Unemployment Assistance (PAU), Pandemic Emergency Unemployment Compensation, and FED-ED.  Among other information, the weekly Unemployment Benefits report stated:

    • 652,329 Unemployment Benefit claims were filed for the week ending August 29.

    • Between March 14 and August 29, EDD received 9.7 million Unemployment Benefit claims.

    • $77 billion has been paid to out-of-work Californians since start of pandemic.

  • National Unemployment Data Released:  The US Bureau of Labor Statistics released national unemployment figures for August 2020, showing total US nonfarm payroll employment rose by 1.4 million and the unemployment rate fell to 8.4%.  These numbers reflect 13.6 million unemployed people in the US with a labor participation rate of 61.7%.  The largest increase in employment was in the government sector, which accounted for one-fourth of the over-the-month gain in total nonfarm employment.  Among other data, August shows a significant drop in the number of individuals temporarily laid off (decrease of 3.1 million for a total of 6.2 million).  However, the number of individuals who permanently lost jobs increased by 534,000 for a total of 3.4 million.  For comparison, the number of individuals who have permanently lost jobs has risen by 2.1 million since February 2020.  National data for September 2020 will be released Friday, October 2, 2020, and state-level data for August 2020 will be available on or around September 15.

UPDATES ON COVID-19 RESPONSE AND RECOVERY PROGRAMS

COVID - SBA Disaster Assistance – Result of Fires that Began August 14
CA Loans (EIDL) Approved (as of 8/15)
533,876
Dollar Amount of CA Loans (EIDL) Approved (as of 8/15)
$33,022,133,987
CA Loan Advances (EIDL) Approved (as of 7/15)
809,792
Dollar Amount of CA Loan Advances (EIDL) Approved (as of 7/15)
$2,666,662,000
Payment Protection Plan (as of 8/8)
5,212,128
Payment Protection Plan Approved (total) (as of 7/31)
$525,012,201,124
Great Plates Delivered
Meals served as of 9/3
8,693,690
Individuals Served This Week as of 9/3*
45,563
Food Providers Contracted as of 9/3*
735
*Data received from Great Plates Data Portal updated twice per week. 

 

 

 

 

 

FREE WEBINARS

JEDE maintains a list of on-demand webinars on our website.  You can access this list at https://ajed.assembly.ca.gov/content/demand-webinars-available-24-7.  Webinars cover a range of topics, including federal disaster programs, marketing during the COVID-19 pandemic, and accessing international markets.

JEDE also tracks up and coming webinars.  Information on these webinars is available at https://ajed.assembly.ca.gov/content/free-webinars.

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