La Quinta, CA Economic Development
Home EconDev MenuCOVID-19 Resource Guide and Economic Development Incentives
Don't forget to participate in the the 2020 Census here:
www.my2020census.gov/
COVID-19 Updates and Small Business Resources
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*IMPORTANT* APRIL 1, 2020 UPDATE:
We encourage all in the small business community take advantage of a daily webinar hosted by America's Small Business Development Center, providing information as it relates to funding information during the COVID-19 Pandemic. The webinar is 30-40 minutes daily, with a Q&A after, offering you the chance to get critical questions answered. Each webinar is at 3pm, and is scheduled to continue throughout the month of April. Please go to the following link for more information:
https://fullerton.zoom.us/webinar/register/WN_B21fFxU7RNKYtIpBp0UgNQ
Quick Guide to SBA Loan Programs
- Economic Injury Disaster Loan (EIDL)
- Apply here: https://covid19relief.sba.gov/#/
- Apply here: https://covid19relief.sba.gov/#/
- Paycheck Protection Program (PPP or P3)
- Express Loans
- Review Lenders here:
https://www.sba.gov/sites/default/files/files/resourceguide_3103.pdf
- Review Lenders here:
- Exchange Stabilization Fund Federal Reserve Facilities and Programs (Title IV of the CARES Act) - Most Businesses Are Eligible, Not Just Small Businesses
- Information is forthcoming: https://home.treasury.gov/policy-issues/international/exchange-stabilization-fund
- Information is forthcoming: https://home.treasury.gov/policy-issues/international/exchange-stabilization-fund
- Debt Relief For New and Existing SBA Loans
- Business Tax Provisions
- CARES Act Relief Resources FAQ
COVID-19 Orders and News Releases for Businesses
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The California State Public Health Officer and Director of the California Department of Public Health is ordering all individuals living in the State of California to stay home or at their place of residence, except as needed to maintain continuity of operation of the federal critical infrastructure sectors, critical government services, schools, childcare, and construction, including housing construction.
Read the full Executive Order here (pdf).
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03/30/20 UPDATE: GOVERNOR NEWSOM SIGNS EXECUTIVE ORDER PROVIDING RELIEF TO SMALL BUSINESSES
- The executive order allows the California Department of Tax and Fee Administration (CDTFA) to offer a 90-day extension for tax returns and tax payments for all businesses filing a return for less than $1 million in taxes.
- Additionally, the order extends the statute of limitations to file a claim for refund by 60 days to accommodate tax and fee payers.
- The executive order also includes extensions that impact state government workers, as well as consumers.
- For instance, the Department of Motor Vehicles will limit in-person transactions for the next 60 days, allowing instead for mail-in renewals.
- Additionally, the Department of Consumer Affairs will waive continuing education requirements for several professions, also for the next 60 days
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03/31/20 OFFICIAL SMALL BUSINESS ADMINISTRATION NEWS RELEASE - SBA AND TREASURY BEGIN UNPRECEDENTED PUBLIC-PRIVATE MOBILIZATION EFFORT TO DISTRIBUTE FUNDS
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04/04/20 Riverside County Public Health Officer orders public to stay home and cover face when leaving
Are you looking for Work? Looking for Employees?
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Covidhires.com is a new resource for local employers and recently jobless persons who are able to connect to those in need of work during this difficult time. This platform best works on mobile devices, and allows you to answer a series of questions, record yourself in a business professional setting, and promote your resume to employers that are seeking qualified individuals to assist their business.
- Are you someone who lost your job as a result of the COVID-19 Pandemic? An employer who wants to provide former staff with a resource to get them back on their feet? OnwardCA is a resource that helps connect you to the resources you need beginning with Essential Life Services, Connecting you to Retraining Opportunities, and hopefully your next Job in this economy. - https://onwardca.org/
Enabling Remote Work throughout this period
- OPEN FOR BUSINESS HUB - THE OPEN FOR BUSINESS HUB LISTS TECHNOLOGY COMPANIES THAT ARE HELPING SMALL BUSINESSES BY ENABLING REMOTE WORK THROUGHOUT THIS PERIOD.
American Bankers Association (ABA) A-Z List of Banks
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Here is an alphabetical list of publicly announced steps banks of all sizes have taken to respond to the crisis. It is not a complete list, and ABA will continue to update it as they receive additional information from banks across the nation. For more pandemic-related developments visit ABA's dedicated coronavirus response page.
CDC Small Business Finance (Sponsored by SBA)
- CDC has released the following SMALL BUSINESS LOANS GUIDE, an excellent resource for those in need.
- For more information and quick-links for business assistance, please visit their website at: https://cdcloans.com/
Restaurant Employee Relief Fund
- Through the Restaurant Employee Relief Fund, we will provide grants to restaurant industry employees who have been adversely impacted by COVID-19 financially, whether through a decrease in wages or loss of employment that results in a lack of resources to pay for essential expenses. Each approved grant is $500, one per person only. Click here for Application FAQs.
California Restaurant Association Foundation - Restaurants Care/COVID-19 Grant
- Restaurants Care is a program of the California Restaurant Association Foundation (CRAF). We provide one-time financial support to restaurant employees facing an unforeseen hardship. Grants help to cover basic living expenses such as rent, food and utilities as someone works through a crisis. If you are injured, ill, in a natural disaster or experience personal challenges from mental health or substance abuse, Restaurants Care is here to help. It is our way of giving back to the employees at the heart of our restaurant community
RESOURCE GUIDE
Federal Resources
- CORONAVIRUS EMERGENCY LOANS SMALL BUSINESS GUIDE AND CHECKLIST - Prepared by the U.S. Chamber of Commerce
- March 24, 2020 - Families First Coronavirus Response Act NEWS RELEASE
- April 01, 2020 - PAYCHECK PROTECTION PROGRAM
- The Paycheck Protection Program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities.
- April 02, 2020 - The Small Business Owner's Guide to the CARES Act
- The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will be many new resources available for small businesses, as well as certain non-profits and other employers. This guide provides information about the major programs and initiatives that will soon be available from the Small Business Administration (SBA) to address these needs, as well as some additional tax provisions that are outside the scope of SBA.
- Small Business Administration - https://www.sba.gov/disaster-assistance/coronavirus-covid-19 - EMAIL DisasterCustomerService@sba.gov FOR HELP WITH YOUR LOAN APPLICATION
- The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). Please visit this website for more information.
- Federal Help Center to get Coronavirus Benefits from the Government - https://www.benefits.gov/help/faq/Coronavirus-resources
- On Benefits.gov, you can find government benefits related to unemployment assistance, healthcare, and food and nutrition. You can also take our Benefit Finder to find additional benefits you may be eligible for.
- Do you need help Repairing your Credit? - https://oag.ca.gov/consumers/general/credit-scores-credit-reports
- Express Bridge Loan Pilot Program Guide
- The Express Bridge Loan Pilot Program is designed to supplement SBA's direct disaster loan capabilities.
State Resources
- California Labor & Workforce Development Agency (LWDA) -https://www.labor.ca.gov/coronavirus2019/
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In the face of the COVID-19, the Labor & Workforce Development Agency (LWDA) wants to keep workers, employers, co-workers, and families safe. What employees are entitled to may be confusing. We are trying to make it easier and spread awareness through this centralized source of info. Use the guidance below to determine what is best for you, your family, and your workplace.
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- COVID-19 Updates and Contacts for Financial Institutions (California Department of Business Oversight)
- A list of contact and other information from national banks, state-chartered banks, credit unions, and mortgage lenders and servicers who have agreed to provide the mortgage and fee relief.
- Governor's Office of Business and Economic Development (GO-Biz) - https://business.ca.gov/coronavirus-2019/
- The Governor’s Office of Business and Economic Development has compiled helpful information for employers, employees and all Californians as it relates to the coronavirus (COVID-19) outbreak. Please visit this website for more information.
- California Employment Development Department (EDD) - https://www.edd.ca.gov/about_edd/coronavirus-2019.htm
- The EDD provides a variety of support services to individuals affected by COVID-19 in California. For faster and more convenient access to those services, we encourage the use of our online options.
- California Franchise Tax Board (FTB) - https://www.ftb.ca.gov/about-ftb/newsroom/news-releases/2020-2-more-time-to-file-pay-for-california-taxpayers-affected-by-the-covid-19-pandemic.html
- The Franchise Tax Board announced special tax relief for California taxpayers affected by the COVID-19 pandemic. Affected taxpayers are granted an extension to file 2019 California tax returns and make certain payments to June 15, 2020, for all tax filings and payments due between March 15, 2020, through June 15, 2020.
- California Infrastructure and Economic Development Bank (IBANK) - https://www.ibank.ca.gov/small-business-finance-center/
- California Small Business Loan Guarantee Program and Disaster Relief Loan Guarantee Program.
- California Department of Industrial Relations - Cal/OSHA Guidance on Requirements to Protect Workers from Coronavirus
- Workplace safety and health regulations in California require employers to protect workers exposed to airborne infectious diseases such as the coronavirus. Cal/OSHA has posted guidance to help employers comply with these safety requirements and to provide workers information on how to protect themselves.
- California Tax and Fee Administration (CDTFA) - https://www.cdtfa.ca.gov/services/covid19.htm
- The CDTFA has the authority to assist individuals and businesses impacted by complying with a state or local public health official's imposition or recommendation of social distancing measures related to COVID-19. This assistance includes granting extensions for filing returns and making payments, relief from interest and penalties, and filing a claim for refund. For more information, click here.
- California State Treasurer's Office - California Capital Access Program (CalCAP) for Small Business - https://www.treasurer.ca.gov/cpcfa/calcap/sb/index.asp
- CalCAP is a loan loss reserve program which may provide up to 100% coverage on losses as a result of certain loan defaults. With CalCAP portfolio support, a lender may be more comfortable underwriting small business loans.
- https://www.treasurer.ca.gov/covid-19.asp
- Information regarding Employment and Taxes
- Information regarding Unemployment
County and Local Resources
- Workforce Development Center - https://rivcoworkforce.com/COVID-19Resources.aspx
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Due to the Coronavirus (Covid-19) outbreak, the Riverside County America’s Job Centers of California are currently closed to all in-person services until further notice. However, the Workforce Development Center, State of California Employment Development Department (EDD), and partner staff are committed to providing services via phone, e-mail, and online. Please refer to the information in this resource guide for guidance and resources during this time.
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- Local News Updates for Businesses by CVEP - https://cvep.com/news/
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Inland Empire Chapter of SCORE - https://inlandempire.score.org/
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- SCORE helps businesses succeed with free, confidential advice from local experts, interactive workshops, and a vast online library of templates, tools and resources. Right now, SCORE is offering the opportunity to schedule a meeting with a business mentor that can help answer questions you may have regarding applying for economic relief, guidance on how to handle business operation changes during this crisis, and workshops for you to attend online that can provide you invaluable lessons on business.
- Summary of Business Resources provided by the County
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Call (951) 955-0493 for additional information
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- Small Business Development Center Business Resource Guide
- Coachella Valley SBDC: Here at Coachella Valley SBDC, we prioritize your business despite the changing concerns about the coronavirus (COVID-19). To help your business out during these uncertain times, we have provided resources available to your business to remain successful. For more information, feel free to call 1-800-616-7232.
- Inland Empire Microenterprise Collaborative - https://www.microbizinsocal.org/about/
- This resource is a collection of microlenders who can provide loans up to $75,000.00 to small businesses.
- RESTAURANT GUIDE FOR LOCAL RESTAURANTS STILL OPEN - https://www.visitgreaterpalmsprings.com/stay-in-take-out/
- LOCAL GROCERS OPEN AND SPECIAL HOURS FOR SENIORS - https://www.visitgreaterpalmsprings.com/seniors-first/
- Californians can safely help older adults and those with chronic health issues who are at higher risk from COVID-19. If you are an individual or business that is seeking to help your community out, please do not hesitate to visit the following site: https://californiavolunteers.ca.gov/get-involved/covid-19/
MoneyGeek Quick Links
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Coronavirus Unemployment in Each US State and Local Community Resources
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How to Find the Best Car Insurance to Lower Your Monthly Bills
Remote Job Searching Tips: https://www.zippia.com/job-search/remote-jobs/
The City of La Quinta’s Economic Development Department is dedicated to providing comprehensive assistance to businesses at every stage of development. By working hand-in-hand with new and existing businesses, the City is fostering growth that will encourage investment in the community and employment opportunities for area residents.
Federal Incentives
- https://www.trade.gov/fta/
- Information on Free Trade Agreements and who the U.S. is partnered with.
- Information on Free Trade Agreements and who the U.S. is partnered with.
- www.energycenter.org/index.php/incentive-programs/clean-vehicle-rebate-project
- Clean Vehicle Rebate Project (CVRP)- provides rebates for the purchase or lease of zero-emission and plug-in hybrid light-duty vehicles
- Clean Vehicle Rebate Project (CVRP)- provides rebates for the purchase or lease of zero-emission and plug-in hybrid light-duty vehicles
- www.doleta.gov/business/incentives/opptax
- The Work Opportunity Tax Credit (WOTC) – federal tax credit available to employers for hiring individuals from certain target groups who have constantly faced significant barriers to employment.
- www.sba.gov/hubzone
- The Historically Underutilized Business Zones (HubZone) Program- helps small businesses in urban and rural communities gain preferential access to federal procurement opportunities.
State Incentives
- www.business.ca.gov/Programs/CaliforniaCompetesTaxCredit.aspx
- The California Competes Tax Credit- Income Tax credits available to businesses who want to come, stay, or grow in California. Tax credit agreements negotiated by Go-Biz and approved by California Competes Tax Credit Committee
- www.business.ca.gov
- Governor’s Office of Business and Economic Development website. Directs you to California programs, incentives, permits, exports, and imports
- Governor’s Office of Business and Economic Development website. Directs you to California programs, incentives, permits, exports, and imports
- http://www.business.ca.gov/About-Us1
- Information on Go-Biz, which includes its history, affiliations, and importance to California
- Information on Go-Biz, which includes its history, affiliations, and importance to California
- www.ftb.ca.gov/forms/misc/1082.pdf
- Page with frequently asked questions concerning California’s Research and Development (R&D) Credit. R&D credit is designed to encourage companies to increase basic research and development activities in the state.
- Page with frequently asked questions concerning California’s Research and Development (R&D) Credit. R&D credit is designed to encourage companies to increase basic research and development activities in the state.
- www.film.ca.gov/Incentives.htm
- Film & Television Tax Credit Program 2.0- provides tax credit to qualified productions that are produced in California. Offers tax credits to TV projects and feature films with several application periods each fiscal year
- Film & Television Tax Credit Program 2.0- provides tax credit to qualified productions that are produced in California. Offers tax credits to TV projects and feature films with several application periods each fiscal year
- www.ftb.ca.gov/forms/misc/1083.pdf
- Page with frequently asked questions concerning California’s Corporation Taxes
- Page with frequently asked questions concerning California’s Corporation Taxes
- www.treasurer.ca.gov/caeatfa/ste/index.asp
- The California Alternative Energy and Advanced Transportation Authority (CAEATFA)- supports California’s mission to provide financial incentives to cutting edge companies by offering a sales and use tax exclusions to manufactures that promote alternative energy and advanced transportation.
- cbig.ca.gov
- California Business Incentive Gateway is an online marketplace to connect business owners with economic incentives, such as tax breaks and fee waivers, offered by local governments throughout the state of California.
County Incentives
- http://www.rivcoeda.org/LinkClick.aspx?fileticket=O8Y0qSFAD5I%3d&tabid=66
- The County of Riverside Microenterprise Loan Program (MLP) is designed to provide critical and necessary business financing, at affordable rates and terms, to Microenterprise businesses (a small business that employs no more the 5 employees, and is operates with a small amount of capital, that may specialize in providing goods or services for their local areas) in the County of Riverside. The intent of the MLP is to provide "appropriate" assistance to businesses, which in turn will allow them to expand and diversify, create and/or retain jobs, and increase the commercial and industrial base of the community
Local Incentives
- Streamline Permitting and Review
- Expedited Plan Check and Inspection
- Business Liaison Service
- Pre-Development Meetings
- Site Selection Assistance