MBEP Members Step Up Amid Crisis
During times of crisis, leaders lead.
We set examples and inspire others with our actions. Our MBEP members represent leading organizations from across the region and across all sectors. They are stepping up to help local organizations and employees deal with this rapidly evolving crisis. Here are just a few representative examples of how our MBEP members and local community members are stepping up to help take care of our region:
MBEP COVID-19 Housing Response Position Paper
MBEP’s Housing Advocacy Initiative aims to preserve and increase the quality of life and economic vibrancy of the Monterey Bay region by increasing housing supply, encouraging homeownership, supporting adequate funding, and fostering political will.
The health and economic impacts of the COVID-19 pandemic will be most severe now, but will last for an indeterminate period of time. Local leaders must work to understand these effects and respond with policy solutions that will safeguard the region’s lowest-income renters, homeowners, undocumented workers, seniors, and homeless populations. Though legislation is being generated on national, state, and local levels, additional action is needed to protect these groups and minimize the delay of policy decisions around housing solutions in our region.
Click here to read the full paper including the policy initiatives the Monterey Bay Economic Partnership recommends for endorsement.
CARES Act Provides New Funding for Business
The CARES Act established several new funding opportunities for small businesses through the SBA:
- Eligible recipients may qualify for a loan up to $10 million determined by 8 weeks of prior average payroll plus an additional 25% of that amount.
- Loan payments will be deferred for six months.
- If you maintain your workforce, SBA will forgive the portion of the loan proceeds that are used to cover the first 8 weeks of payroll and certain other expenses following loan origination.
- Economic Injury Disaster Loans provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
- The Loan Advance will provide up to $10,000 in economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available within three days of a successful application. This loan advance will not have to be repaid.
- If you have already applied for a Disaster Loan you can go back into your application to request an Advance Loan as well.
- Under this program the SBA will pay the principal and interest of new 7(a) loans issued prior to September 27, 2020.
- The SBA will also pay the principal and interest of current 7(a) loans for a period of six months.
- Allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork. These loans will be repaid in full or in part by proceeds from the EIDL loan.
Ride out the Wave
A group of local tech volunteers worked together to develop a community website to support our Santa Cruz businesses during this crisis and we are excited to share the launch of this platform: rideoutthewave.org
Santa Cruz Works will be hosting a free Facebook Live concert at 7 pm PT on Friday, April 3 featuring Santa Cruz local musician Taylor Rae. Remember that musicians are out of work during shelter-in-place. Watch it on Santa Cruz Works Facebook Live.
You are invited to go one step further and make it a dinner concert by purchasing in advance food delivery from your favorite local restaurant, or simply buy a gift certificate to use in the near future.
This event and community platform is brought to you by local tech community volunteers through Santa Cruz Works with promotional support from Event Santa Cruz, City of Santa Cruz Economic Development Office, Santa Cruz County Chamber of Commerce, Downtown Santa Cruz, SCCBC – Santa Cruz County Business Council, Santa Cruz Tech Beat, and the Santa Cruz Sentinel.
Our member healthcare companies are closely monitoring all developments with COVID-19 and are in contact with local and state health officials as well as the Centers for Disease Control and Prevention (CDC) in order to follow the latest guidance from these public health agencies. For details about what each organization is doing, please visit their dedicated sites:
Internet Access Resources
The COVID-19 pandemic has affected communities across the country, and our Central Coast region is no exception. This Internet Resource Guide is intended to assist our residents who may not have access to the necessary resources during this time of crisis, including broadband and technology tools required for remote learning and working.
Bay Federal Credit Union and other member financial institutions are offering deferred payment options on loans.
Bank of America has partnered with Khan Academy to create daily learning schedules for students age 4-18 (PK-12th grade) and expand access to their online resources for millions of students. Learn more.
Our local education institutions have moved all instruction to remote formats for the rest of the semester. By limiting access to campus and providing support for remote instruction, they are fostering (and enforcing) social distancing and keeping their staff and students safe. For more details about efforts of a specific institution, click on the links below:
- Middlebury Institute of International Studies
- UC Santa Cruz
- CSU Monterey Bay
- Hartnell College
- Cabrillo College
- Gavilan College
- Monterey Peninsula College Monterey Peninsula College is putting its 3D printers to work to create a prototype face mask they hope will be able to help hospitals around the country battling COVID-19. Learn more here.
Second Harvest Food Bank
Monterey Bay Aquarium
Chamber & Business Council
Cities & Counties
- The county has enacted an eviction moratorium for tenants unable to pay rent due to COVID-19. Read more here.
- They are getting a report on the availability of emergency rental assistance and will be increasing funding to further assist those at risk of homelessness.
- They are expanding shelter options for homeless individuals. Encampments are extremely dangerous in terms of disease transmission both for the individuals living there as well as the community.
There will be many more actions to take, but these are a few of their immediate steps.
Regional News Operations
This is an excellent time to take note of our region’s news operations, recognizing their importance by contributing to their strength and capacity to continue serving. For example, BenitoLink, a nonprofit news website serving San Benito County is sharing stories about their community’s families and what they are doing to keep their kids engaged during the shelter in place order in their article Families Share Experiences During Shelter in Place Order. Other such operations include Voices of Monterey Bay and Santa Cruz Local.
Santa Cruz Works
United Way Monterey County has compiled a guide of local resources available to our community to mitigate the effects of COVID-19 and the countywide “Shelter in Place” mandate. They are updating this guide frequently, but know that there may be lapses in the information. Please call ahead to all resources before going anywhere in person. For general updates, text ‘Covid19’ or ‘Coronavirus’ to 211-211 for information in English and Spanish. You can also text ‘MCCOVID19’ to 888-777 to get updates from the Monterey County Health Department.
Personal Protective Equipment for Central Coast
Personal Protective Equipment for Central Coast (PPE4CC) is a movement by people in healthcare and in our communities on the front lines of the COVID-19 pandemic. Started by Idea Fab Labs Santa Cruz and Catherine S. Forest, MD,MPH, and David Culler, PhD. with the encouragement of Encompass Community Services and Santa Cruz & Monterey County Medical Societies, they began to address the emerging shortage of PPE in the non-profit working world of Encompass Community Services workers when the avalanche of requests for help from other workers (residential care, janitors, bus drivers, grocery checkers, medical assistants) and the news from essential shortages from other states led us to try to get ahead of the curve.
Local elected officials are bringing emergency ordinances forward to protect renters and small businesses from eviction. Some are also reporting out on the availability of emergency rental assistance and increased funding available to further assist those at risk of homelessness. Check your city’s website for more information.
And of course, our members are also carrying on amidst all the swirl: CSU Monterey Bay’s Institute for Innovation and Economic Development is moving their Startup Challenge Workshops and Pitches online — more info here.
For our part, MBEP is:
- Fully operational — our team is working remotely and ready to serve our communities. If you have any issues, please do not hesitate to reach out to me or your primary contact.
- Live-streaming next month’s Regional Economic Summit – see below for more info.
- Working with our education partners and members to engage with our free, online Monterey Bay Career Coach — this is one way to help graduating seniors explore education and career options, and for employers to hire summer interns for projects that can be completed remotely.
- Moving forward with finalizing our “Housing 201” curriculum — Our housing team is working to update our Housing 101 curriculum to provide important information for the community about affordable housing. It will be optimized now for online delivery.
And please remember to support your local business community when you can. Whether it’s your local yoga studio that is now offering online sessions or your local bookstore that offers downloadable versions of books, or a local restaurant that is offering new delivery options, they all need us now. Buy those presents online from a local store (even though the party was canceled), and those entertainment items for all that time at home now (games, crafts, etc.).
Where I live in Santa Cruz, after the 1989 earthquake when the downtown was mostly destroyed, and shops operated out of tents, Santa Cruzans rallied together to help. We are a creative, resilient bunch. If you know of other examples or stories of local organizations going above and beyond, please send them to Melanie McNulty, firstname.lastname@example.org. Onward!
Find tips, latest numbers, and services/information specific to California at the site above.
The U.S. Small Business Administration is providing disaster assistance loans to companies affected by the COVID-19 epidemic. The agency’s Economic Injury Disaster Loan program will provide low-interest working capital loans of up to $2 million.
Offered to companies as an alternative to layoffs. They allow employees to receive unemployment benefits while still keeping their current jobs. A number of requirements must be met in order for companies to be eligible for the program, including hours and wages being reduced by between 10 and 60 percent.
California’s Small Business Finance Center has partnered with local financial development corporations to provide direct loans struggling with cash flow during the pandemic. Businesses and some nonprofits with 750 or fewer employees are eligible for the loans.
The social media giant has launched a $100 million grant program to help small businesses in the form of cash grants or ad credits. Applications for the support are expected to be opened up in the coming weeks.
San Jose-based regional economic think-tank Joint Venture said that this week that it’s pivoting its mission to help the local community respond to the coronavirus crisis. Among the services its offering is help from Silicon Valley Talent Partnership’s pro bono teams who can provide communications, strategic planning, data analysis, and cybersecurity consulting to organizations forming their COVID-19 response.
Offered to those unable to work due to medical quarantine or illness related to COVID-19. The benefit depends on income ranging from $50 to $1,300 a week for up to six weeks.
Offered to those who have lost their job or had hours reduced due to coronavirus. The benefit ranges from $40 to $450 a week for up to 26 weeks. The governor has waived the one-week unpaid waiting period, so workers can collect benefits the first week they are out of work.
This is offered to those unable to work because they are caring for an ill or quarantined family member. The benefit ranges from $50 to $1,300 a week for up to six weeks.