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 firm believers in a tech-led economic development strategy, and as managers of a network of business incubators across the Coachella Valley (the Palm Springs, Palm Desert, and Indio iHubs), we serve innovators. Since mid-March, CVEP has made the shift to delivering virtual business services. We know that in order to serve innovators well, we [...]
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. [...]
CVEP’s Small Business Forum continued virtually this month with a presentation on business entity types, common issues with partnerships, and employment law. The forum was conducted by David R. Roth and Vee B. Sotelo of Slovak Baron Empey Murphy & Pinkney, LLP, a law firm with a primary presence in Palm Springs. Roth is an [...]
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. [...]
As COVID-19 (coronavirus) continues to create financial mayhem to small business and individuals, financial institutions are offering special assistance to help mitigate the hardship. We realize there is a lot of information coming at businesses right now: this is just a sampling of resources. We will update this post as new information becomes available. At [...]
CVEP’s staff is now beginning our second week of sheltering in place. As the television reports of the growth of the virus is like a light bulb to a moth, there are permanent lessons we are learning from this experience. We continue to see how COVID-19 will change our lives for the long term. The [...]
