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This week the World Health Organization classified COVID-19 as a pandemic. The City of La Quinta is posting regular updates from the CDC and Riverside County Public Health about the actions to protect the community and slow the spread.

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Economic Development Incentives

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COVID-19 Updates and Small Business Resources

  • *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
  • 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).
  • 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

 

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

 

CDC Small Business Finance (Sponsored by SBA)

 

Federal Resources

  • Small Business Administration - https://www.sba.gov/disaster-assistance/coronavirus-covid-19
    • 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.

State Resources

  • California Labor & Workforce Development Agency (LWDA) - https://www.labor.ca.gov/coronavirus2019/
    • 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.

  • 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 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.

County and Local Resources

  • Workforce Development Center - https://rivcoworkforce.com/COVID-19Resources.aspx
    • 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.

  • Riverside County Economic Development Quick Links Resource
  • 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.

 

 

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

State Incentives

  • www.business.ca.gov
    • 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

       

  • 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.

       

  • 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

       

  • www.ftb.ca.gov/forms/misc/1083.pdf
    • 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