Category: Finance

Economic Development Collaborative (EDC) — 411 Labor Market Report for March 2021

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The California Labor Market Information Division (LMID) released its March 2021 report earlier today, showing moderate improvement in Ventura County’s unemployment rate, from 6.8% in February to 6.4% in March. This matches our best position since the onset of pandemic a full year ago, previously reached in November, just before the holiday resurgence of COVID-19. Overall, we saw little change in the data details in March. On the surface it appears we did okay in job creation, adding 2,400 jobs, but of those 1,800 were in Farm, apparently seasonal, now at a total of 25,800 and keeping us 100 jobs ahead of our Farm position one year ago. For the monthly detail, check out LMID’s March report here.

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Staying Ahead of the Curve: Port of Hueneme Board Demonstrates Fiscal Responsibility

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The Port of Hueneme continues to ensure financial stability and fiscal responsibility as the Board of Oxnard Harbor District Commissioners voted to fund another $500,000 to the District’s California Employers’ Retiree Benefit Trust (CERBT) account for their fiscal year ending June 30, 2021. Other Post-Employment Benefits (or OPEB) are benefits costs (other than pensions) that Federal, State, local governments and special districts provide to their retired employees. These costs include health care, dental, vision and life insurance. It has become evident, with rising costs of healthcare, that future expenses for the OPEB costs will increase significantly as the years go on.
 

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House Farm Workers! has opened 2021 Ellen Brokaw scholarship applications

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House Farm Workers! has opened applications for its 6th annual Ellen Brokaw House Farm Workers! scholarship for college-bound and current college students who are children of Ventura County farm workers, including seasonal and retired farm workers. Eligible students may submit applications online at www.HouseFarmWorkers.org. Three students will be selected to receive $3,000 each towards their continued education and will be honored at House Farm Workers! annual “From Field to Fork,” fundraiser, which this year will be held virtually in July. Scholarship applications must be submitted no later than Friday, April 30, 2021.

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Economic impact study shows each dollar invested in CSUCI provides a sevenfold return

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For every dollar invested in CSU Channel Islands (CSUCI), the state’s economy receives a return on investment of nearly seven dollars for every dollar invested in CSUCI by California.

A new economic impact study analyzing data from all 23 of the CSU campuses for 2018-2019 indicated that, overall, the CSU system generated $26.9 billion in industry throughout the state; $10.3 billion in labor income; $1.6 billion in state and local tax revenue; and the creation of 209,400 jobs.

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Economic Development Collaborative (EDC) — Unemployment Benefits and Pandemic Unemployment Benefit Expansions

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There have been extensions to state and federal unemployment benefits under the American Rescue Plan. If you are struggling to understand or access unemployment benefits as employees or Pandemic Unemployment Assistance (PUA) as a small business owners, self-employed individual or independent contractor here is what you need to know.

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EDC’s Economic 411 Labor Market Report for February 2021

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The California Labor Market Information Division (LMID) released its February 2021 report earlier today, showing improvement in the unemployment rate, from 7.4% in January to 6.8% in February, based on strong growth in industry employment, up a net 6,100 jobs or 2.0%. Also on the upside, we saw strong growth in the labor force—that is, the total of workers both employed and unemployed but actively looking for employment—up by 7,100 workers in February, or 1.8%. For the monthly detail, check out LMID’s February report here.

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Bilingual report — County of Ventura COVID-19 Update — Second COVID-19 Business Assistance Grant Program

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The County of Ventura is launching a second COVID-19 Business Assistance Grant Program for businesses and nonprofit organizations that did not receive a grant during the County’s first program in 2020. A $5,000 grant will be awarded to selected organizations that meet the eligibility requirements.

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Economic Development Collaborative (EDC) — CA Small Business COVID-19 Relief Grant Program

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Round 5 of the California Small Business COVID-19 Relief Grant Program is now accepting applications! This round is NOT first-come, first-serve. Please note the following information:

Important Dates for Round 5
Application Opens: March 25, 2021
Application Closes: March 31, 2021
Start of Selection Notifications: TBD

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Cabrillo Economic Development Corporation Celebrates 40 Year Anniversary

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The Cabrillo Economic Development Corporation (Cabrillo EDC) is the largest developer of affordable homes in Ventura County. With 24 properties, 1,159 homes and future projects in development, the organization is celebrating 40 years of home.

Founded in 1981, Cabrillo EDC’s early roots were in response to a farmworker community’s demand for secure housing. Rooted in community-building and ongoing support, their mission aims to provide comprehensive affordable housing services and community economic development activities to residents most lacking in opportunity.

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VCCDC Community Matters Newsletter – March 2021

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VCCDC is celebrating the success of its first From Here Forward program recipient! Last month, Mia Martinez, a long-time Ventura County resident, closed on her first home with the help of $100,000 in down payment assistance from VCCDC. The From Here Forward Program is made possible with CalHome home buying assistance funds from the State of California and it provides gap funding for homebuyers who were physically or economically displaced by the Thomas or Woolsey Fires in Ventura County. Like many Ventura County residents, after the Thomas and Woolsey Fires, Mia’s rent went through the roof with 10% increases every year as housing supply shortages were exacerbated in Ventura County and landlords raised rents. With over 50% of her income going towards her rent, she had no other choice but to move in with family into a 10×10 bedroom for her and her granddaughter. Read more about Mia’s story and watch an orientation about the From Here Forward Program to learn how this program can help you buy a home!

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Economic Development Collaborative (EDC) — CA Small Business COVID-19 Relief Grant Program

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Round 4- Nonprofit Arts & Cultural Program
Application Window Now Open!

PLEASE NOTE: Eligible nonprofit arts and cultural institutions interested in being considered in this new program MUST complete a NEW APPLICATION at https://careliefgrant.com/arts-and-culture/ even if they have previously applied to the CA Relief Grant Program during Rounds 1 or 2. Waitlisted applications from Round 1 or 2 do not automatically roll over to Round 4.

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Volunteers in Ventura County Help Those with Low-Moderate Incomes File for Available Tax Credits Through VITA Programs

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Tax season is upon us and low- to moderate-income Ventura County residents are encouraged to take advantage of ways to put more money back in their pocket with the help of United Way of Ventura County’s (UWVC) Volunteer Income Tax Assistance Program (VITA).

Through April 30, 2021, trained VITA volunteer tax preparers will help working families and individuals file their state and federal tax return and access the tax credits to which they are eligible. Households earning up to $57,000 in 2020 are eligible to use the free services.

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EDC’s Economic 411 Labor Market Report for January 2021

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The California Labor Market Information Division (LMID) released its January 2021 report early (March 12), delayed by about a month from the usual release date, accommodating the annual recalibration, helping to assure the monthly data aligns with continuing changes in the economy and labor markets.

The report shows no change from December in the unemployment rate, still at 7.4%, though a steep loss in payroll jobs month-over-month, down a total of 7,900.

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California Strong Distributes Third Round of Grant Money to Woolsey Fire Victims

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Nearly 2 1/2 years after the Woolsey Fire destroyed hundreds of homes in Southern California, many families are still impacted by the fire. On March 2, over $330,000 in gift cards was distributed to 88 families as they continue to recover from the fire. The funds were granted to the Southeast Ventura County YMCA by the Ventura County Community Foundation and distributed by California Strong, a program of the Y that provides financial support to victims after disasters. The grant money was distributed at the Yarrow Family YMCA in Westlake Village.

“It was our hope to reconnect with our California Strong family who survived the Woolsey Fire in 2018 and to be supportive of their continued recovery,” says California Strong Director Mollie Vehling. “Hosting the drive-thru distribution was an incredible opportunity to not only share resources, but to share smiles, listening ears, positive energy and love. Their struggle over the past 2 years and 3 months has been hard, but this was a happy day.”

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VCCDC — Up to $100,000 in home buying assistance now available!

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Ventura County Community Development Corporation (VCCDC) is celebrating the success of its first “From Here Forward” program recipient. Last month, Mia Martinez, a long-time Ventura County resident, closed on her first home with the help of $100,000 in down payment assistance from VCCDC. With available funding for more families, VCCDC is inviting residents to apply for this special program.

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Bilingual report — SBCC School of Extended Learning launches ‘Back-to-Work,’ rapid career training for unemployed amid COVID-19

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SBCC School of Extended Learning is proud to announce the free ‘Back-to-Work’ program. The program was created as a rapid solution to help unemployed Santa Barbara County community members secure employment. Back-to-Work participants will receive training, grant funding, job search support and more. The application deadline for the first three Back-to-Work career tracks is March 9.

“The pandemic’s toll on local service jobs is pushing already vulnerable families into crisis,” said Joyce Coleman, Vice President of SBCC School of Extended Learning. “Our Back-to-Work program focuses on local job markets that, in part due to the pandemic, have immediate high-demand for trained workers.”

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Oxnard College — Que Sucede Interview on Oxnard College TRIO programs

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Listen to this Spanish-language interview with Katie Pena, director of TRIO programs at Oxnard College, and Luis Garcia, student services assistant, as they talk about TRIO programs, which provide services for students from disadvantaged backgrounds. The interview aired on 102.1 FM y 910 AM La Mexicana (KOXR), 96.7 FM La Mejor (KLJR), and 102.9 FM Radio Lazer (KXLM). 

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Bilingual report — Workforce Development Board of Ventura County Seeks Public Comments On Regional And Local Workforce Plans

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The Workforce Development Board of Ventura County (WDB) has released its 2021-2024 regional and local plans for workforce and economic development in the county. The plans are available for public review and comments.

WDB serves as a facilitator between public and private sectors, creating partnerships that will strengthen the Ventura County economy and match well-paying jobs with a trained workforce.

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Economic Development Collaborative (EDC) — EDC Business Alert- Important PPP Updates

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On Monday February 22nd, 2021, the Biden-Harris Administration and the Small Business Administration (SBA) announced steps the agency is taking with the Paycheck Protection Program (PPP) to further promote equitable relief for America’s mom-and-pop businesses.

Please review the following changes to the Paycheck Protection Program:

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Economic Development Collaborative (EDC) — Free Webinar Schedule

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THE FUTURE OF TRADE- INTERNET TRADE FINANCE: EUCP & EURC

February 25 @ 10:00 am

Presenters John Dunlop, ITFGlobal Limited, and Simona Racek, EDC SBDC advisor, will discuss important information about trade finance documentary letters of credit that have gone digital and the new guidelines that were issued by the International Chamber of Commerce to supplement the UCP 600 for credits and URC 522 or collections, which have sped up collection time and will improve your cash flow.

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Economic Development Collaborative (EDC) — State Aid for Businesses, Individuals and Families Impacted by COVID-19

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On February 17, 2021, Governor Gavin Newsom reached an agreement on a package of immediate actions that will speed needed relief to individuals, families and businesses facing significant economic hardship from the COVID-19 Recession. The items detailed below are a part of the Immediate Action Agreement. Please note that many details on how these resources will be rolled out are still being developed.

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Ventura County Board of Supervisors Approves Four New Workforce Development Board Members

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VENTURA COUNTY — Over the past year, the Ventura County Board of Supervisors approved the recommendation from the Workforce Development Board (WDB) to appoint four new WDB board members. Each will serve a three-year term. New member Shaffiq Rahim is…

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Bilingual report — More Than $13 Million in Rental and Utility Assistance Funds Made Available by the County of Santa Barbara through United Way of Santa Barbara County

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United Way of Santa Barbara County (UWSBC) has more than $13 million in rental and utility assistance funds generously allocated by the Santa Barbara County Board of Supervisors for eligible County of Santa Barbara residents, that have experienced a loss of income due to the COVID-19 pandemic. This Emergency Rent Assistance Program is intended to prevent homelessness by providing rent assistance to residents who can demonstrate the need for rental support. 

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Santa Maria High School to increase number of Saints applying for financial aid

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Santa Maria High School officials this month will increase the of number Saints applying for financial aid by helping them complete either the Free Application for Federal Student Aid (FAFSA) or California Dream Act Application (CADA), with a goal of 100 percent participation. 

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Bilingual report — Check out a DIY Home Energy Savings Toolkit from the Library and Get Empowered to Fix Up Your Home!

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Starting February 16, 2021, you can check out a Do-It-Yourself (DIY) Home Energy Savings Toolkit at participating Ventura County libraries.Ventura County Library is partnering with Ventura County Regional Energy Alliance (VCREA), and 3C-REN (Tri-County Regional Energy Network) to launch the DIY Energy Savings Toolkits. The DIY toolkits include instruction guidebooks in both English and Spanish and will help provide the knowledge, tools, and equipment needed to improve your home’s energy and water usage with easy upgrades. These simple DIY home improvements can help increase the energy efficiency of your home, making it more comfortable, affordable, resilient, and better for the planet.

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Volunteers in Ventura County Help Those with Low-Moderate Incomes File for Available Tax Credits Through VITA Programs

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Tax season is upon us and low- to moderate-income Ventura County residents are encouraged to take advantage of ways to put more money back in their pocket with the help of United Way of Ventura County’s (UWVC) Volunteer Income Tax Assistance Program (VITA).

Throughout February to April 30, 2021, trained VITA volunteer tax preparers will help working families and individuals file their state and federal tax return and access the tax credits to which they are eligible. Households earning up to $57,000 in 2020 are eligible to use the free services.

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EDC Business Alert — CA Small Business COVID-19 Relief Grant Program deadline is 6 p.m. today, Feb. 8

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The application window for Round 2 of the CA Small Business COVID-19 Relief Grant Program will close today, February 8th, 2021 at 6:00 pm.

February 8, 2021 at 6:00 pm: To have your application considered for Round 2, you will need to complete the online application through one of the program’s partners. To complete the application you must indicate that you are ready to submit the application and that all information provided is accurate by typing “Yes” into a pop-up box at the end of the application. Uploading all documentation is not required by this deadline.

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Procter & Gamble Provides a Record $200,000 to United Way’s Community Impact Efforts

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Procter & Gamble local employees raised a record $162,000 from employee giving in addition to over $38,000 in special events, sponsorship and COVID-19 Rapid Response. In addition to giving, P&G employees volunteered their time by packing more than 1,560 Stuff the Bus backpacks and provided Welcome Home Holiday Baskets for families recently housed through United Way’s Landlord Engagement Program.

“The P&G Oxnard Plant is proud to partner with United Way to serve the most vulnerable in our community with this philanthropic support,” said Marvelle Berry, Plant Manger of Procter & Gamble Oxnard. “Our team really rose to the occasion with their engagement, innovation, and genorosity of gifts. P&G has a longstanding commitment in creating positive change locally in Ventura County and I am pleased with our collective impact.”

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Malibu Rewards Launches to Drive Retail Recovery to Businesses in Malibu

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As merchants and businesses look for new ways to incentivize customers to shop and dine locally, Malibu Chamber of Commerce is rolling out the first-ever Malibu Rewards, a new mobile shopping promotions marketplace backed by Visa, Mastercard and American Express. The program is designed to drive customers back to shopping and dining at local businesses.

Malibu Rewards will help Malibu merchants create promotions, cashback rewards, and other customer incentives to aid in retail recovery. Created by Saltwater Loyalty, the online platform is the first marketing platform in the U.S. designed for destinations to unify their merchants under a branded, best-in-class loyalty rewards program.

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Housing Trust Fund Ventura County kicks off 2021 with Annual Board Meeting – “Where We Live Shapes How We Live”

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Housing Trust Fund Ventura County (Housing Trust Fund VC) proudly welcomed over 85 participants to last week’s Annual Meeting. Held virtually, the meeting highlighted successes including, $10 million in approved loans since 2012 ($2.1 million in 2020), helping to produce 598 affordable homes in socio-diverse neighborhoods throughout Ventura County, and raising $5+ million in local funds for affordable housing. Housing Trust Fund VC emphasized the power of impact investing by leveraging $2.15 million in funded 2020 loans for three new Oxnard developments.

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County of Ventura receives certificate of achievement in financial reporting

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The County of Ventura has been awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada (GFOA) for its Comprehensive Annual Financial Report (CAFR) for fiscal year 2019. The Certificate of Achievement is the highest form of recognition that a County can receive in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.

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SLO Property Tax Exemption Deadline Approaches

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County Assessor Tom J. Bordonaro, Jr.would like to remind all homeowners, disabled veterans, and eligible non-profit organizations that they may file claims for exemptions.

The Homeowner’s Exemption exempts up to $7,000 in taxable value of a property if the claim is timely filed or postmarked by February 16, 2021 and up to $5,600 if filed late (postmarked by December 10, 2021).  If you received your Homeowner’s Exemption last year, and you still own and occupy the same property this year, you do not need to file again.  Your exemption automatically remains in place.

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January News from People’s Self-Help Housing

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Leadership may very likely be on your mind, with changes of leaders happening now at the national level, leaders at the state level recently announcing decisions over budgets and policy, and local leaders governing critical issues and responses to covid and vaccines – leadership seems to be in our collective focus!  And of course leadership matters, to get us through hard times and challenges, solve tough issues, and to do good and difficult things, that are best accomplished in unity. At People’s we have multiple great leaders in dozens of departments, set to lead us into the new year, and ready for starting a new chapter altogether. Each is skilled in motivating the individuals within their groups toward reaching our company’s goals, in giving focused guidance for directing our activities toward implementing our strategic plan, and thereby meeting the needs of our communities. Leaders aren’t successful though without greatness coming out through those around them, to do the hard work that is required to make the mission happen. 

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Next Free EDC Webinar — COVID-19 Business Resources – EIDL, PPP, UI and Grants, to be held Jan. 22

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The EDC invites you to join our webinar series on alternating Wednesdays and Fridays at 12:00 pm to answer questions about EIDL, PPP, UI, Grants and all currently available COVID-19 related business resources. Business Disruption Resource Director, Clare Briglio, and EDC SBDC Financial Advisor, Juliana Ramirez, will be presenting and answering questions around new federal benefits and expansions to existing programs. Please register in advance. Space is limited.

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Additional COVID-19 Rental Assistance Funds Available through United Way of Santa Barbara County

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In the continuing effort to financially support individuals and families who have been financially impacted by COVID-19, United Way of Santa Barbara County (UWSBC) is partnering with the County of Santa Barbara to offer rental assistance grants to eligible individuals and families– the grants pertain to those living in Solvang, Buellton, Carpinteria and Guadalupe as well as those living in unincorporated areas of the County (listed below). There is a total of $890k available for eligible applicants who must meet specific requirements. The funds were made possible by the County of Santa Barbara through federal CDBG grants. 

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Ventura College Foundation Provides Record Support in 2019-20 Despite Pandemic Challenges

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The Ventura College Foundation, a nonprofit organization that provides resources and financial support to Ventura College students and to school programs, distributed $824,548 in financial support during the 2019-2020 academic year–$699,971 in scholarships, $84,577 in VC Promise tuition assistance and $40,000 in textbook support. The annual scholarship distribution was the largest in the foundation’s history and was distributed during the COVID-19 pandemic in April.

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Bilingual report — Workforce Development Board of Ventura County Roundtable Via Zoom

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Plans to increase workforce development opportunities and skills in Ventura County through 2022 will be discussed at a Zoom Workforce Development Board of Ventura County (WDB) Strategic Workforce Planning Roundtable Thursday, January 28, from noon to 1:00 p.m. The public is invited to discuss the plans and provide input.

One regional and one local plan was initially created in 2017 by WDB as part of the Workforce Innovation and Opportunity Act.

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EDC Business Alert- CA Small Business COVID-19 Relief Grant Program deadline extended to Jan. 13

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The State of California has successfully received thousands of completed applications and will extend the closing date to January 13, 2021, to keep the portal open for those of you still in process and for new applicants to ensure fair and equitable opportunities for California’s small business community.

If you experienced disruptions in the application process, please note that you will be notified by email when to log in to complete your unfinished application or upload requested documents. Please do not fill out a new application as this can delay consideration.

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Bilingual report — City of Oxnard to Temporarily Close Facilities and Programs to Public

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In response to the increased transmission of COVID-19 in Ventura County, Oxnard City Hall and most city facilities and programs will be temporarily closed to the public starting January 3, 2022. The City will reopen facilities and programs as soon as it is determined to be safe, but anticipates at least three weeks of closures to the public.

Meanwhile, most services will remain available remotely.

“The safety of the Oxnard community and our City employees remains our top priority,” said City Manager Alexander Nguyen. “As we continue to provide essential services, we need to limit the amount of potential virus spread and protect the City’s workforce.” 

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Best of 2021 from People’s Self-Help Housing!

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It’s been another year like no other, but one marked with so much success because of strong partnerships, faithful support and visionary investments. Thank you for the part you have played in these stories, every one only possible because of the advocacy, the goodwill and the philanthropic support of people like you. 

Thank you for continuing to build so much more than housing with us!  

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Feb. 20 — VCCCD announces Cash 4 College workshops

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To help students overcome the challenge of paying for college, Moorpark College, Oxnard College, Ventura College and Ventura College East Campus are holding free Cash 4 College workshops via Zoom. A workshop will be held on Feb. 6 and Feb. 20, and students can drop in anytime during the session (details below). Bilingual financial aid staff will assist students in completing applications for the 2021-2022 school-year FAFSA (Free Application for Federal Student Aid) or the California Dream Act Application (CADAA). The workshops are free and open to the community; people may attend a workshop on either date.

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April 21 — CLU School of Management to present ‘Covid-19 Pandemic and Restaurant Recovery in the City of Pasadena’

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This webinar brings together experts in the area of local economic development. The panelists will share their insights on the public policy changes that can be made to address the gaps that exist, which will help restaurants recover.

Key take-aways:

The role of local government in invigorating local businesses/ local economy
The synergies of government- private sector in the LA/ Ventura County areas

There will be a moderated panel discussion followed by an open Q&A. 
Learn more about the panel

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May 6 — Economic Development Collaborative (EDC) — Planning for the Unexpected

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Free Event on May 6 Providing Resources and Strategies

Join the Economic Development Collaborative, Edison International and the Outsmart Disaster Campaign on Thursday, May 6 at 12:00 pm for a free webinar on practical tips and strategies on disaster preparedness! This hour-long webinar includes an overview of the Outsmart Disaster Resilient Business Challenge and a walkthrough of core concepts on resiliency strategies for your business

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May 19 — Workforce Development Board of Ventura County To Host Virtual Resource Fair

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The Workforce Development Board (WDB) of Ventura County will host a Virtual Resource Fair on Wednesday, May 19, from 11:00 a.m. to 3:00 p.m. Participants will learn about local organizations offering workforce training and educational opportunities to enable job seekers to secure well-paying employment.

“We’ll have representatives from local community based organizations and partners from the local America’s Job Center of California, which sole purpose is to connect people with jobs and provide supportive services,” says WDB Executive Director Rebecca Evans.

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