Soon we will be in the midst of our annual snowbird season. How could we have imagined, even a few months ago, that COVID would affect a second tourist season in the valley? The rapid rise of the COVID delta variant has regrettably forestalled our anticipated recovery. With so much changing so quickly, it is [...]
A couple of years ago I was honored to represent CVEP as a speaker at the quarterly Market Watch Seminar series sponsored by Palm Springs Life. This seminar series presents a thorough examination of the residential real estate market. I would encourage readers to attend. Even if you are not a realtor, you will learn [...]
Before COVID-19 wreaked havoc on the nation’s economy, the official unemployment rate was 3.5%. As of Friday, March 5, the official rate now stands at 6.2%. Since last April, the nation has lost 9.5 million jobs, more jobs lost than during the Great Recession. But the official unemployment rate only represents the number of people [...]
Economically, the Coachella Valley has been reeling since the cancellation of several of the region’s biggest events in the spring of 2020. At the time, the fear was that the region’s small businesses would experience greatly reduced sales during the busy spring event season, thereby rolling into the slower summer months with less cushion to [...]
As economic developers, of course we want to see Coachella Valley businesses open. But in order for our economy to really function, we've got to prioritize the protection of public health. That's because businesses need customers, and customers need to 1) feel safe and 2) be healthy enough to participate in economic activity. Just this [...]
An overwhelming number of the businesses we’ve talked to are eager to re-open. Despite some of the negative labels being hurled about, these people aren’t all denying science, nor are they all putting profit over health. These are entrepreneurs, independent contractors, and small business owners who have spent lifetimes building their businesses, brands, or skills. [...]
This month, amidst the stay-at-home orders of COVID-19, CVEP hosted its first-ever virtual Small Business Forum. The topic, SEO and Search Marketing, was more timely than ever. Many businesses have been temporarily forced to operate from a digital storefront instead of a physical one. A physical storefront will get foot traffic if it's well-located, and [...]
CVEP is one of the founding partners of the Coachella Valley Economic Recovery Team (CVERT). But before our Valley can recover, CVERT members are assisting businesses with the more immediate task of staying afloat. Each founding partner seeks to help in unique ways. One of the actions CVEP is currently taking is assisting businesses with [...]
Note: Funding for the PPP has been extended through August 8, 2020. We continue to update the lender list in this article as new information becomes available. The new funding for the PPP & HCE Act became available on Monday, April 27 after original funding from the CARES Act ran out of money. While it [...]
As COVID-19 continues to spread, the need for governmental assistance in the Coachella Valley grows. At the time of this writing, the resources available to help businesses survive this challenging time are just beginning to roll out. Among the currently best-defined programs is the Economic Injury Disaster Loan program through the U.S. Small Business Administration. [...]
© CVEP
