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 [...]
Coachella Valley Economic Partnership (CVEP) won a Silver category award for its CVEP Investor Package, a project in the General Purpose Print Promotion category of the International Economic Development Council’s 2020 Excellence in Economic Development Awards Program. The honor was presented at an awards ceremony during the 2020 IEDC Annual Conference. “Creating an Investor Package [...]
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. [...]
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 [...]
Public health officials have called for social distancing measures. Social distancing works based on mathematical principles: the more people that come in contact with one another, the more opportunities for transmission. In accordance with to the CDC Interim Guidance for Businesses and Employers to Plan and Respond to Coronavirus Disease, CVEP is taking precautions to [...]
I found no golf balls today. On most days when the March weather in the Coachella Valley is sunny, I find about 2 balls for every mile I walk. Today, I walked five miles and found no golf balls. I have been walking or running this route for the last seven years and there has [...]
The 2019 Greater Palm Springs Economic Summit is rapidly approaching. Those who have bought tickets or reserved tables need only wait a few more weeks until the business event of the year. Our staff is planning out all of the final details, making sure everything will run smoothly on event day. One thing we strive [...]
On Wednesday June 19, 2019, the CVEP Board of Directors assembled at the University of California Riverside's Palm Desert Campus for its second annual board retreat. The retreat brings together those leaders in Greater Palm Springs who are most committed to key regional economic development priorities. Every seat in the room was taken, and some [...]
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