JEDE COVID-19 Update for July 21, 2020

MAJOR ANNOUNCEMENTS

  • Outdoor Hair Cuts:  Governor Gavin Newsom announced that hair salons and barbershops are now authorized to offer services outdoors during the COVID-19 pandemic.  While hair salons and barbershops were allowed to open in May, many were required to close again on July 13 when the governor shut down indoor businesses in counties on the state’s monitoring list.  The California Department of Public Health released updated guidance.  https://files.covid19.ca.gov/pdf/guidance-outdoor-hair-salons--en.pdf

  • Debt Relief for Veterans:  The US Department of Veterans Affairs (VA) announced its commitment to extend debt relief to veterans adversely impacted by COVID-19 to the end of 2020.  According to the announcement, the VA is suspending all actions on veteran debts under the jurisdiction of the US Treasury Department, including the suspension of collection action or extending repayment terms on preexisting VA debts, whichever the veteran prefers.  https://www.va.gov/opa/pressrel/pressrelease.cfm?id=5485

  • For benefit debts, veterans should contact the VA Debt Management Center at 1-800-827-0648.

  • For health care debts, veterans should contact the Health Resource Center at 1-866-400-1238 or https://www.pay.gov for payments.

  • Federal Stimulus Bill:  The US House of Representatives and the US Senate continue to work on a blueprint for the fourth Coronavirus relief package.  According to NCSL, the US Senate has outlined a $1 trillion plan that provides incentives for schools to re-start, another round of stimulus checks, and extension of unemployment benefits. The Republican blueprint, as reported by NCLS, does not currently include additional aid to state and local governments. The US House of Representatives passed HR 6800 two months ago, which included $3.5 trillion for a range of economic recovery activities, including $500 billion to states to compensate for revenue shortfalls.  https://www.ncsl.org/ncsl-in-dc/publications-and-resources/capitol-to-capitol-july-20-2020.aspx

  • VETS Apprenticeships:  The US Department of Veterans Affairs announced a new VETS Apprenticeship program to assist transitioning veterans and their spouses develop their own post-service career pathway. Many of these internships are paid and result in nationally recognized credentials.  Apprenticeship Placement Counselors are available to assist in identifying and obtaining placements. Counselor meetings are available online and through selected military instillations, including three California locations (Marine Corps Air Station Miramar, Naval Base San Diego, and Travis Air Force Base).  https://blog.dol.gov/2020/06/22/apprenticeship-pilot-for-transitioning-service-members-will-boost-career-skills

  • First US Bank Joins PCAF:  Morgan Stanley announced it will be joining the Partnership for Carbon Accounting Financials (PCAF), which makes it the first US-based global bank to join.  The PCAF was launched in 2019 to provide a platform for the development of a Global Carbon Accounting Standard for the financial industry.  Current PCAF membership includes 60+ banks and investors, representing over $5.3 billion in assets.  https://www.morganstanley.com/press-releases/morgan-stanley-joins-leadership-of-global-carbon-accounting-part

  • EU Recovery Package:   European Union’s 27 leaders reached agreement on a €1.1 trillion seven-year multiannual financial framework (regular EU budget) and  a €750 billion coronavirus recovery package, the Next Generation EU.  To raise capital for the recovery package, the European Commission will, for the first time, issue significant amounts of bonds over a six-year period with maturity dates extending to 2058.  https://www.economist.com/europe/2020/07/21/the-eus-eu750bn-covid-19-plan-is-historic-but-not-quite-hamiltonian?fsrc=newsletter&utm_campaign=the-economist-today&utm_medium=newsletter&utm_source=salesforce-marketing-cloud&utm_term=2020-07-21&utm_content=article-link-1

  • No Power Shut Offs in Sacramento:  The Sacramento Metropolitan Utility District has extended its policy to not disconnect power due to non-payment through January 4, 2021.  Under the policy, SMUD will also not add late fees to residential and commercial customer’s bills.  https://www.smud.org/en/Corporate/About-us/News-and-Media/Coronavirus-COVID-19#Help-with-your-bill

  • Feds Propose Prohibiting ESG Investment Funds:  The US Department of Labor is proposing amendments to the ‘‘Investment duties’’ regulation under Title I of the Employee Retirement Income Security Act of 1974 (ERISA).  According to the Federal Register announcement, the proposed change would “confirm that ERISA requires plan fiduciaries to select investments and investment courses of action based solely on financial considerations relevant to the risk-adjusted economic value of a particular investment or investment course of action.”  This proposed change has raised concerns by investor groups who have increasingly included material impacts of social and environmental issues within the consideration of relevant in investment selections.  Comments on the proposal must be submitted on or before July 30, 2020.  https://www.govinfo.gov/content/pkg/FR-2020-06-30/pdf/2020-13705.pdf

DATA, SURVEYS, AND ANALYSES

GRANTS

UPDATES ON COVID-19 RESPONSE AND RECOVERY PROGRAMS

SBA Disaster Assistance

CA Loans (EIDL) Approved (as of 7/15)

422,078

Dollar Amount of CA Loans (EIDL) Approved (as of 7/15)

$27,408,785,547

CA Loan Advances (EIDL) Approved (as of 7/15)

809,792

Dollar Amount of CA Loan Advances (EIDL) Approved (as of 7/15)

$2,261,317,000

Payment Protection Plan (as of 7/10)

584,057

Payment Protection Plan Approved (total) (as of 7/10)

$67,434,221,209

Great Plates Delivered (as of 7/19)
Letters of Intent Received from Local Administrators
53
Meals Served as of 7/17*
3,954,375
Individuals Served This Week as of 7/17*
37,460
Estimated Meals Served per Week
479,609
Food Providers Contracted as of 7/17*
668
*Data received from Great Plates Data Portal updated twice per week. 
 
 
 
 
 
 

 

 

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