SCVEDC is committed to providing you with information and resources to help your company navigate the Coronvirus (COVID-19) crisis. We need to take steps to keep jobs and businesses going, as well as protect the community. Information is changing often, and updates will be made to this page daily. We ask readers to rely on official sources first and foremost, and we will repost some of that information here, in addition to other recommended steps.
Our national, state and local public health agencies are confident that the best strategy to protect our population from further spread of the virus is SOCIAL DISTANCING. This means avoiding large gatherings and maintaining a distance of at least 6 feet from others when possible.
California announced it is providing broad assistance to small businesses and employers impacted by COVID-19 including interest-free deferral of sales/use tax, 90 day extension on business filing tax return (under $1M), and the Small Business Loan Guarantee Program.
The Senate unanimously passed a $2 trillion stimulus package March 25 aimed at helping the people, states and businesses nationwide devastated by the coronavirus pandemic.
You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating, but are encouraged to work with your existing lender if possible. Businesses are encouraged to apply directly through lenders' portal pages. CLICK HERE to watch an informative webinar with the SCV Chamber and SBDC that shares excellent information on PPP that isn't widely known or understood. Here is a partial list of SCV banks currently providing PPP loans:
SCVEDC held a followup session to provide local executives updates on COVID-19 from Henry Mayo Newhall Hospital, latest information relating to employment/personnel requirements as well as information about the availability of funding (loans & grants) coming out of new CARES Act. Replay link coming soon.
On March 25, SCVEDC hosted a FREE webinar with Dr. Mark Schniepp on the economic impact of the Coronavirus. Dr. Schniepp discusses the rapidly changing global economy in light of the COVID-19 Pandemic and how it might affect SCV companies and the economy. CLICK HERE to download his presentation slides.
SCVEDC held its first SCV Large Employers Roundtable webinar to provide timely information to assist executives in navigating the COVID-19 crisis. The webinar featured presentations from management and legal experts to address important topics on Management Readiness and CA Law Personnel Obligations. Listen to the rebroadcast by following this link.
Small and midsize employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees.
In order to provide full support for public health and safety efforts, South Coast AQMD will prioritize and expedite the permitting process for those businesses. Normal permit fees will apply, however South Coast AQMD will not require expediting fees for companies assisting with the COVID-19 response.
LA County has just launched a centralized call center and website providing free, one-on-one counseling and support for business owners and workers who have been adversely affected by the ongoing COVID-19 public health crisis. Open M-F 8 a.m. to 4:30 p.m. for calls: (833) 238-4450
Governor Gavin Newsom has issued a "Stay at Home" order for CA residents to protect the health and well-being of all Californians and to establish consistency across the state in order to slow the spread of COVID-19. This order is in place until further notice. The order exempts 16 Critical Infrastructure Sectors as defined by the Cybersecurity and Infrastructure Security Agency (CISA). SCV businesses are encouraged to use this reference as their guideline in assessing if their business falls in an exempt category to continue their operations.
LA County has issued a "Safer at Home" order closing all but essential services and businesses and prohibiting all indoor or outdoor public or private gatherings of any size. The order continues until April 19. The order defines essential services and businesses and provides a list of essential business types. Notably this order does not apply to defense contractors, healthcare operations, and essential infrastructure including manufacturing and distribution companies that are part of that supply chain.
Business in Los Angeles County may be eligible for the Disaster Loan Assistance through a 3-step application process. Loans with a 3.75% interest rate will be issued for qualifiying small businesses (2.75% for non-profits). These loans have long-term repayments, up to a maximum of 30 years with terms determined on a case-by-case basis.
Here is the LA County-supported Rapid Response resource closest to SCV to service businesses at risk of closure and job loss. You can also contact firstname.lastname@example.org for assistance.
Ibank's Small Business Finance Center’s loan guarantee program is designed for Disaster Relief specifically and is currently available to small businesses needing assistance to overcome economic injury caused by COVID-19.
Employers can apply for the Unemployment Insurance (UI) Work Sharing Program if reduced production, services, or other conditions cause them to seek an alternative to layoffs. This program helps employers minimize or eliminate the need for layoffs, and helps employers retain trained employees and avoid costs of recruiting and hiring new employees as business conditions improve.
The California Economic Forecast is a full service economic consulting firm, and provides timely updates on the economic outlook surrounding the COVID-19 pandemic.
AJCC offers vital services to help adults looking to enter or re-enter the workforce or strengthen their skills. While walk-in service is unavailable, please call the SCV AJCC office for assistance.
Pays benefits to workers who have lost their job and meet the program’s eligibility requirements. If you have become unemployed or partially unemployed, you may file a UI claim.
Apply for benefits if you're unable to work because you are caring for an ill or quarantined family member with COVID-19 (certified by a medical professional).
Apply for benefits if you or a family member are sick or for preventative care when civil authorities recommend quarantine.
Apply for benefits if you're unable to work due to medical quarantine or illness related to COVID-19 (certified by a medical professional.
If you are unable to do your usual job because you were exposed to and contracted COVID-19 during the regular course of your work, you may be eligible for workers’ compensation benefits.
OnwardCA is an initiative of companies, foundations, and humans to get California workers displaced by COVID-19 essential life services and back to work as quickly as possible.
Free job board exclusively connecting SCV career opportunities to SCV residents.
New web pages to help businesses that are able to remain open and job seekers who are out of work due to the coronavirus pandemic.