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Economy
The California Wellness Foundation Donates $20,000 Grant to Support Brotherhood Crusade COVID-19 Outreach
May 21, 2020
In response to Brotherhood Crusade’s COVID-19 Community Rapid Response Fund, The California Wellness Foundation donated a $20,000 grant to help Los Angeles community youth, young adults and families during this critical time. ... read more »
State Agencies Update Faith and Nonprofit Leaders on COVID-19 Resources
May 7, 2020
California state agencies came together on April 29 to update faith leaders and nonprofits executives on the disproportionate impact of coronavirus on African Americans and minorities and the array of resources available to combat the crippling disease. ... read more »
Chase approved to fund about $29 billion to 239,000 businesses
May 2, 2020
JPMorgan Chase announced today that it has received approval for an additional 211,000 loans through “Round Two” of the Paycheck Protection Program (PPP), totaling about $15 billion to its small business customers. ... read more »
Open to Apply: Gig Workers Can File for Unemployment
April 30, 2020
Out-of-work gig workers in California whose employers have not paid into the state’s unemployment insurance fund — as well as Californians without jobs who have run out of unemployment benefits — will be able to file new unemployment claims.  ... read more »
Mayor Garcetti Foresees Extreme Budget cuts in the future; L.A. faces one of the worst Fiscal seasons due to COVID-19
April 21, 2020
Monday, April 20. The Mayor of Los Angeles provided an update surrounding the COVID-19 pandemic. Mayor Eric Garcetti outlined city structures that were directly affected by coronavirus. From a fiscal perspective, L.A. is in its worst economic shape since the recession. Eric Garcetti put a budget in place to stabilize the city’s economy. Within the Annual State of the City Address, Eric Garcetti confirmed a second wave of the virus. The second wave will factor into decisions made around lifting the Stay at Home Order. Mayor Garcetti covered the CARES Corps. He stated it would help with testing, that focuses on contact tracing of the virus. The CARE Corps. Is looking to be a long-term solution for the current systematic disparities that Los Angeles is facing. ... read more »
Individual Stimulus Checks Begin to Arrive, What Should You Expect?
April 16, 2020
"We are the number one target for this disease. We have pre-existing conditions, and yet we're told to go home when we visit the emergency room. We know that there must be some form of regulation in place for testing and getting testing sites and equipment into the community," said Rep. Brenda Lawrence (D-Michigan). ... read more »
The stimulus check is in the mail. Here’s how you can deposit it safely from your home.
April 16, 2020
With COVID-19 putting a financial strain on American families and businesses, millions of us are counting on our government stimulus payments.  ... read more »
Additional Loan Assistance for Small Businesses
April 16, 2020
Previously, my office sent out information about small business loans you can apply for through the Small Business Administration. ... read more »
Where’s my Economic Impact Payment?
April 16, 2020
A key aspect of the April 8 webinar entitled “Accessing Healthcare and Other Public Services During the Pandemic” addressed how to receive the $1,200 Economic Impact Payment.  ... read more »
There Could Be More Income Tax Return Cash on the Table for You
April 2, 2020
For people who have not yet filed their tax returns, the United States Treasury Department and the Internal Revenue Service (IRS) announced March 21 that they are moving the 2019 income tax filing due date from April 15 to July 15 this year, a three-month extension. ... read more »
L.A. COUNTY BUSINESS AND WORKER DISASTER HELP CENTER OPENS
March 26, 2020
Today, with support of the Los Angeles County Board of Supervisors, the Departments of Consumer and Business Affairs (DCBA) and Workforce Development, Aging and Community Services (WDACS) are proud to announce the launch of the new L.A. County Business and Worker Disaster Help Center, a new 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 Coronavirus/COVID-19 emergency. ... read more »
COVID-19: Flatten the Curve, Bridge the Opportunity Divide
March 26, 2020
We’re already in a global recession that will inform a national recession. An estimated 80 million U.S. jobs are at risk. More than 75 percent of 16–-24-year-olds are hourly employees who are at greater risk of being laid off. ... read more »
Constance Anderson Brings Resources and Capital to Underserved Communities at The Center
March 19, 2020
As President of The Center for Strategic Economic Studies and Institutional Development (“The Center”), Constance Anderson wields her expertise in finance to help women and minority business owners in historically underserved communities grow and thrive. In an industry in which 32.5% of c-suite leaders are women, Anderson has proved herself a force for change. ... read more »
Stop Evictions and Foreclosures: New Bill Responds to Coronavirus Crisis
March 19, 2020
California lawmakers are pushing for legislation that would provide rental relief and order a temporary suspension of mortgage payments for residents affected by COVID-19, or the Coronavirus disease.  ... read more »
SBA Offers Disaster Assistance to California Small Businesses Economically Impacted by the Coronavirus (COVID-19)
March 17, 2020
The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to California small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19), SBA Administrator Jovita Carranza announced today. SBA acted under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by the President, to declare a disaster following a request received from Gov. Gavin Newsom’s designated representative, Director Mark S. Ghilarducci of the Governor’s Office of Emergency Services on March 13, 2020. ... read more »
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