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. [...]
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 [...]
It was a relief to see that the service departments of automobile dealerships and independent auto repair outlets were included on the list of essential services issued by California Governor Gavin Newsom. Knowing this, I decided to get some deferred maintenance done since my mechanic is only 2 miles from my home. I called for [...]
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 [...]
Updated March 20, 2020: Today, Treasury Secretary Steven Mnuchin Tweeted: “At @realDonaldTrump’s direction, we are moving Tax Day from April 15 to July 15. All taxpayers and businesses will have this additional time to file and make payments without interest or penalties". Like so many other things in our world right now, resources are changing [...]
As you read this, you have already likely experienced firsthand the difficulty of preparing for a disaster once it is underway. Many stores are selling out of needed products within minutes of restocking their shelves. And although we are already in the midst of the Coronavirus pandemic, it is not too late to take basic [...]
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