JEDE COVID-19 Update for April 7, 2020

MAJOR COVID-19 ACTIONS

*The specific rules relating to funding and programs available to small businesses, including independent contractors, through the CARES Act are beginning to become publicly available.  As information becomes available, JEDE will post.  Thank you to everyone who is sharing links to good resources.

• Letter Calling for Eviction Moratorium on Commercial Property:  Thirty-three Members of the California Legislature submitted a letter to Governor Newsom calling for a statewide eviction moratorium on commercial properties for small businesses and nonprofits.  The letter also calls for providing help to small businesses and nonprofits with the loan process and ensuring that financial relief is promptly distributed. This letter is a coordinated effort with California small business associations and nonprofits.  https://a25.asmdc.org/press-releases/20200402-assemblymember-kansen-chu-and-32-other-legislators-small-businesses-and

• Federal Reserve to Help PPP:  To facilitate lending to small businesses via the Small Business Administration's Paycheck Protection Program (PPP), the Federal Reserve will establish a facility to provide term financing backed by PPP loans. Additional details will be announced this week.

• State Launches Webpage to Obtain More Medical Supplies:  Governor Newsom launched a webpage on April 4 to streamline the state’s access to critical medical supplies.  The website can be used for both making donations and offering critical medical supplies for purchase.    https://covid19supplies.ca.gov/

ASSESSMENTS OF FEDERAL COVID-19 PROGRAMS

• LAO Series of Evaluations:  The Legislative Analyst’s  Office continues publishing reports evaluating the requirements and potential impacts of federal legislation and other actions on California.  The main link:   https://lao.ca.gov/Government/COVID19?utm_source=laowww&utm_medium=email&utm_campaign=COVID19.  Selection of reports in the series:

  • NEW - State Budget Effects of Recent Federal Actions to Address COVID-19:  https://lao.ca.gov/Publications/Report/4210

  • Broad-Based Cash Assistance:  https://lao.ca.gov/Publications/Report/4214

  • Unemployment for Workers:  https://lao.ca.gov/Publications/Report/4214

  • Federal Paid Leave for Workers:   https://lao.ca.gov/Publications/Report/4212

• Which Disaster Assistance Should a Business Choose?  This is a comparison of the SBA Disaster Loan and the Paycheck Protection Initiative.  Businesses cannot do both.  https://www.dorsey.com/newsresources/publications/client-alerts/2020/03/us-small-business-administration

OTHER ECONOMIC ANNOUNCEMENTS

• Women Business Owner Websites:  The National Council of Women Business Owners has shared COVID-19 resource pages from key women business organizations:

  • Women’s Business Enterprise Council:  https://www.wbenc.org/covid19?utm_medium=email&utm_source=govdelivery

  • The Association of Women Business Centers:  https://www.awbc.org/?utm_medium=email&utm_source=govdelivery

  • Women Presidents Association: https://www.womenpresidentsorg.com/news-events/resources-for-businesses-during-covid-19?utm_medium=email&utm_source=govdelivery

  • Babson College Center for Women’s Entrepreneurial Leadership:  https://www.babson.edu/emergency-preparedness/coronavirus/additional-resources-and-support/?utm_medium=email&utm_source=govdelivery

  • National Association of Women Business Owners:  https://www.nawbo.org/resources/facts-and-tips-prepare-coronavirus-spread-wbos?utm_medium=email&utm_source=govdelivery

• Imperial County COVID-19 Response Coalition:  Imperial County established the Imperial Valley Business Recovery Taskforce to support local businesses during the coronavirus (COVID-19) pandemic:  http://r20.rs6.net/tn.jsp?f=001U06BO3Pvjg6OY72XjmIcEU5MBwS1PI-9-IqYSAfnilXL57CD9tTcIHM6MdXDqjPS6jV7-pEO5CFVK2bWWtadtbRnw0C_m4S44KUdvKAq3bQzqknFggGRJc2Mhq3XN3g53ue9eGerMU3kANyZ_BeZXNYmcs5abtdSLVO-hv3VLXWDUAXpDJh77CcerIfBubfPOlv6vXPFfaNUnck6OIzZjQ==&c=4nMuIlnSfdvv3dFbGDaOZUJIU0SoKaiu6xZI0oVsr1UuEqVCo_yVkA==&ch=LnGKLILQowkkNuYr1xkaBjppyZcAAsS6NZOlfaSTRB9XYSQUIhab1Q==

• Coachella Valley COVID-19 Response Coalition:  CVEP is also proud to join forces with Riverside County; the Greater Palm Springs Convention & Visitors Bureau (CVB); the Greater Coachella Valley Chamber of Commerce (GCVCC); and the U.S. Small Business Association in the Coachella Valley (SBA) to form the Coachella Valley Economic Recovery Team (CVERT). CVERT exists to provide economic development leaders across the valley with the latest information, access to shared resources, and best practices with the goal of streamlining communication to valley professionals and impacted business verticals to expedite our work on economic recovery.  https://cvep.com/recoveryteam/

• Help for Manufacturers:  California’s designated center assisting manufacturer’s is hosting a link where manufacturers will find resources and information to assist them meet the COVID-19 challenge.  Manufacturers can also access services of CMTC through their website:  https://offers.cmtc.com/coronavirus-covid-19-how-to-deal-with-covid-19-main-landing-page

• Free and Discounted Resources for Small Businesses:  GO-Biz has assembled a list of free and discounted digital resources for small businesses:  https://cdn2.hubspot.net/hubfs/103829/Technology%20Products%20and%20Telework%20Tips%20-%20Businesses%20(Final).pdf