JEDE COVID-19 Update for May 1, 2020

MAJOR COVID-19 ACTIONS AND ANNOUNCEMENTS

  • Assembly is Prepared to Re-Convene:  California Assembly Speaker Rendon (D-Lakewood) announced that the California State Assembly has taken extensive and multifaceted action in anticipation of the Assembly reconvening on Monday, May 4, 2020. This action is in order to protect the health of Members, staff and the public, while respecting the right of the public to attend and participate in legislative proceedings.  https://ajed.assembly.ca.gov/sites/ajed.assembly.ca.gov/files/Participation%20in%20the%20Legislative%20Process%20During%20COVID-19.pdf

  • Federal GOV is Asking for Input:  The U.S. Department of Labor invited small businesses and workers to participate in its “Opening America’s Workplaces Again National Online Dialogue.” Through this dialogue, the public can provide input on how to reopen America’s workplaces safely. The comment period ends May 7, 2020.  The six topics: (1) Reopening businesses; (2) Commuting safely; (3) Working safely; (4) Accommodating members of vulnerable populations; (5) Supporting America’s families; and (6) Reducing regulatory burdens.

  • Another Federal Stimulus Bill:  Numerous sources are reporting that Congress is considering a Phase 4 package that could total $1 trillion. While few details are available, top priorities reportedly include an extension of unemployment insurance, more targeted small business assistance, and another round of direct checks to taxpayers.

  • Spanish Language Webinar:  The California Entrepreneurship Task Force, with the support of the Office of the Small Business Advocate at the Governor’s Office of Business and Economic Development, hosted a Spanish-speaking rapid response session entitled, “Accesso a Capital – con Diferentes Recursos.” The discussion featured Latinx and Spanish-speaking leaders from the small business and nonprofit lending community, including a Community Development Financial Institution sharing how small businesses can access capital during COVID-19.

  • Deadline to Add Dependents:  May 5 is the deadline for VA and SSI recipients - who do not file a tax return and do have dependents - to update their information online.  If the information is not updated by the May 5 deadline, the $500 per eligible dependent will be paid in association with a return filing for tax year 2020.

  • Child Care Portal:  Governor Newsom announced a new portal to help parents, including essential workers and vulnerable families, find safe, reliable and accessible child care options. The new portal enables parents to enter their location and the type of care they need, instantly receiving a list of local center-based and family child care programs. https://covid19.ca.gov/childcare/

  • Practical Tips for Surviving the Coronavirus:  The Federal Trade Commission launched a special page, Financial Impact of the Coronavirus, where they compiled dollars-and-cents tips for consumers and small business owners.  The webpage includes information for people with family members facing job loss, and advice on what to do about mortgage payments, car notes, and student loans when less income is coming in.  For small businesses, there are tips about how to negotiate loans and how to avoid scams.  https://www.consumer.ftc.gov/coronavirus/financial-impact#Small%20Business

  • Employee Retention Credit:  The IRS has posted an updated Frequently Asked Questions (FAQs) providing answers regarding the Employee Retention Credit under the CARES Act. The Employee Retention Credit is an incentive to encouraged businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19.  https://www.irs.gov/newsroom/faqs-employee-retention-credit-under-the-cares-act?utm_medium=email&utm_source=govdelivery

  • International Workers Day:  Governor Newsom recognized International Workers’ Day by recognizing the contributions and sacrifice of California’s essential workforce, including health care workers, farmworkers, grocery workers, teachers, care givers and countless others keeping the state operating during the COVID-19 pandemic. The Governor also highlighted state resources available for essential workers and resources for those who may have lost their jobs as a result of the pandemic. 

  • Update from the Port of Los Angeles:

    • N95 Mask Deal for LA:  Los Angeles Mayor Garcetti and Logistics Victory Los Angeles (LoVLA) signed an agreement with Honeywell to purchase 24 million N95 masks as part of a City of Los Angeles stockpile of personal protective equipment (PPE).   Gene Seroka, the Executive Director of the Port of Los Angeles, leads LoVLA.  LoVLA is also seeking resources to address on-going needs for isolation gowns, infrared thermometers, and nitrile gloves.  Sources for these essential items can be registered with www.lovla.org.

    • Weekly Video Update:  Port of Los Angeles Executive Director Gene Seroka released his weekly video update in which he confirms that LA Port operations are running smoothly and without disruption, and anticipates increased cargo volumes for April 2020, but still lower than April 2019.   https://www.youtube.com/watch?v=qm_hifEaWdg&feature=youtu.be

ECONOMIC RECOVERY

FOCUS AREA:  FOOD PROGRAMS

ANALYSIS AND EVALUATIONS

GRANTS

  • Funding for Low Income Tax Preparer Clinics:  The Internal Revenue Service announced that the application period for Low Income Taxpayer Clinic (LITC) grants for calendar year 2021 will run from April 30, 2020, to June 16, 2020.  The LITC Program awards matching grants of up to $100,000 per year to qualifying organizations to develop, expand or maintain an LITC. An LITC must provide services for free or for no more than a nominal fee.  https://www.irs.gov/pub/irs-pdf/p3319.pdf

  • Broadband Funding:  National Telecommunication Information Administration has updated its BroadbandUSA website database of 57 federal broadband programs, spanning 14 federal agencies with billions of dollars for broadband grants, loans, and other resources. The site, created with the help of participating federal agencies, is designed to make it easier for providers and stakeholders to find federal funding and permitting information.  https://www.ntia.gov/blog/2020/ntia-updates-comprehensive-guide-federal-broadband-funding

  • Enhanced Manufacturing Grant:  The DOD Advanced Manufacturing Office announced a Notice of Intent to issue a funding opportunity to stimulate technology innovation, improve the energy productivity of American manufacturing, and enable the manufacturing of cutting-edge products in the United States.  https://www.energy.gov/eere/amo/articles/energy-department-announces-notice-intent-issue-funding-enhance-manufacturing

  • High Performance Computing Grant:  The DOD Advanced Manufacturing Office announced an NOI to issue a funding opportunity under DOE's High Performance Computing for Energy Innovation (HPC4EI) initiative. The solicitation will include topics in the AMO-funded High Performance Computing for Manufacturing program to support the development of energy-efficient manufacturing processes through partnerships between US manufacturers and DOE National Laboratory, university, and non-profit partners.  https://hpc4energyinnovation.llnl.gov/

COVID-19 PROGRAM UPDATES

  • Main Street Program:  Federal Reserve Announces expansion of Main Street Program based on input from 2,200 letters from individuals, businesses, and nonprofits.  The changes include: creating a third loan option, with increased risk sharing by lenders for borrowers with greater leverage; lowering the minimum loan size for certain loans to $500,000; and expanding the pool of businesses eligible to borrow.

  • Updates on the PPP

    • Small Loan PPP:  AmPac is funding PPP loans and received a new round of funds on Thursday, April 30, 2020.  AmPac has chosen to serve businesses requiring loans of $50,000 of less.  Small businesses can visit their website (www.ampac.com) for more information.  

    • PPP Liquidity Facility:  The Federal Reserve on Thursday expanded access to its Paycheck Protection Program Liquidity Facility to non-depository institution lenders, and expanded the collateral that can be pledged. The changes will facilitate lending to small businesses via the Small Business Administration's (SBA) Paycheck Protection Program (PPP).

    • New FAQ:  A new FAQ was released on the PPP, dated April 29, 2020.  https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Frequently-Asked-Questions.pdf

  • Future of Work Being Put on Pause:  The California Future of Work Commission released an update on its progress, which captures the best thinking of the Commission over the course of 8 months of regular convenings prior to the COVID-19 pandemic. The Commissioners decided to pause in developing recommendations in order to be able to account for the impact of the current crisis within its work.  https://www.labor.ca.gov/wp-content/uploads/2020/04/CA-Future-of-Work-Update-on-Progress-April-2020.pdf

 

Copyright © 2011 State of California