JEDE COVID-19 Update for April 22, 2020

MAJOR COVID-19 ACTIONS AND ANNOUNCEMENTS

ECONOMIC RECOVERY STRATEGIES AND TASK FORCES

  • Tulare County Recovery Task Force:  Tulare County Economic Development Corporation announced Tuesday the appointment of a task force to develop plans for economic recovery.  The task force’s immediate job is to review economic damage, evaluate the local business survival efforts, and develop both short-term and long-term recovery plans.  https://www.visaliatimesdelta.com/story/news/2020/04/21/tulare-county-launches-covid-19-business-recovery-task-force/2997880001/

  • Business Networking for Veterans:  The US Veterans Administration is partnering with LinkedIn’s Military and Veterans Program to provide a one-year upgrade to LinkedIn Premium at no charge, including free access to LinkedIn’s online library of more than 12,000 learning courses.  https://www.blogs.va.gov/VAntage/resources/linkedin/

  • US Imports Fall:  The West Coast Trade Report released its March 2020 report, which depicts a significant drop in port activity across the US, as compared to the prior year.  Activity at the Northwest Seaport Alliance (Seattle/Tacoma) was down 28.8%, the Ports of Los Angeles down 25.6%, Savannah down 21.1%, Houston down 19.4%, Charleston down 18.1%, Oakland down 10%, and Long Beach down 5.%,  https://files.constantcontact.com/3190e792601/5ce88ebe-aea6-4b1c-a3d4-aeb3b8ace1c3.pdf

  • Health of the Social Security Funds:  The Social Security Board of Trustees released its annual report on the long-term financial status of the Old-Age and Survivors Insurance (OASI) and Disability Insurance (DI) Trust Funds.  The combined trust funds are projected to become depleted in 2035, with 79% of benefits payable after that time. The OASI Trust Fund is projected to become depleted in 2034, the same as last year’s estimate, with 76% of benefits payable at that time. The DI Trust Fund is estimated to become depleted in 2065, extended 13 years from last year’s estimate of 2052, with 92% of benefits still payable.  This analysis does not include the impact of COVID-19 on the Funds.   https://www.ssa.gov/news/press/releases/2020/?utm_content=pressreleaseTrusteesReport&utm_medium=email&utm_source=govdelivery#4-2020-5

CONTRACTING OPPORTUNITIES AND GRANTS

  • High Performance Computing Solicitation Coming Soon:  The U.S. Department of Energy (DOE) announced plans to issue a spring 2020 solicitation for high performance computing projects that improve manufacturing processes, address products’ lifecycle energy consumption, and increase the efficiency of energy conversion and storage technologies.  This manufacturing program is one component of the High Performance Computing for Energy Innovation (HPC4EI) initiative, which is led by Lawrence Livermore National Laboratory.  Eligibility for the program is limited to entities that manufacture products or operate systems in the U.S. for commercial applications and organizations that support them. Selected projects will be awarded up to $300,000 to support computing cycles and work performed by DOE National Laboratories, universities, and non-profit partners. All DOE National Laboratories are eligible to participate. The industry partner must provide a participant contribution of at least 20% of the total project funding.

  • Cannabis Equity Grants Program:  The Governor’s Office of Business and Economic Development (GO-Biz), in partnership with the Bureau of Cannabis Control, announced the awarding of $30 million in grant funding through the Cannabis Equity Grants Program for local jurisdictions.  The program’s mission is to encourage inclusion and support individuals in California’s legal cannabis marketplace who are from communities negatively or disproportionately impacted by cannabis criminalization. The program offers small business support services, including technical assistance to individuals, reduced licensing fees or waived fees, assistance in recruitment, training, and retention of a qualified and diverse workforce, and business resilience such as emergency preparedness.  The grant announcement stated that at least $23 million of the funding, in the form of low/no-interest loans or grants, will be directly allocated to applicants and licensees specifically identified by local jurisdictions as being from communities most harmed by cannabis prohibition. To date, jurisdictions seeking to create this inclusive regulatory framework represent roughly a quarter of the state’s population.

OTHER ANNOUNCEMENTS

 

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