Category: Finance

Economic Development Collaborative (EDC) — Free Webinar Schedule

EDC QUARTERLY LEGAL UPDATE: FOCUS ON CAL/OSHA ETS

July 23 @ 12:00 pm

Join us for the EDC’s Quarterly Legal Update July 2021! In this free webinar, the Fisher Phillips legal team will review recently-passed California bills that are impacting small businesses, provide an update on current guidance and discuss real-life scenarios employers are tackling today. INCLUDING the revised Cal/OSHA Emergency Temporary Standards that went into effect in June.

CLICK HERE TO REGISTER

Last Day — United Way of Ventura County’s 2021 Stuff The Bus Campaign

This is the last day for our Stuff the Bus school supply drive!

Thank you for helping us reach our goal!

Provide essential school supplies for local students experiencing homelessness or from disadvantaged families. 

You can help pave the path to academic success for a child from a homeless or low-income family. Furthermore, your support not only provides essential school supplies – studies show that it also promotes learning, building self-esteem, and helps ensure that our youth stay in school. 

EDC Business Alert- California Comeback Plan

On July 12, 2021, Governor Newsom signed the California Comeback Plan to help the State’s recovery. The California Comeback Plan focuses on providing relief to those that need it most and major investments to address the state’s most persistent challenges. The Plan provides immediate cash relief to middle class families and businesses hit hardest by the pandemic.

Resources for Small Businesses

More information on how to access the following funds will be available soon.

Bilingual report — Assessor completes $152 billion tax roll for property tax year 2021-22

County Assessor Dan Goodwin announced the certification and delivery of Ventura County’s annual assessment roll to Auditor-Controller Jeff Burgh Monday, June 28, on time and includes adjustments for impacts of the pandemic.

“My office has been following the economic impact of the pandemic closely. Restricted access to workplaces and other virus-related effects have taken their financial toll on many business’s property values,” said Dan Goodwin, County Assessor. The office was proactive in reviewing these property declines on commercial and industrial properties and with documented support from these businesses determined the appropriate temporary declines in values. Most residential property did not suffer adverse market value conditions during 2020.

Ventura County Arts Council — Help us advocate for ARP funds for artists & arts orgs!

Will you join us in advocating for county federal American Rescue Plan funds to be allocated for arts and culture?

We have crafted a letter to the Ventura County Board of Supervisors in support of this goal, and we are gathering signatures from individuals and organizations who have been impacted, or who support and stand with us in advocating for these funds. We are also asking for stories of economic loss due to the pandemic, some of which we intend to use in making our case to local officials.

You can help advocate with us by visiting our website to preview the letter and fill out a brief survey to indicate your support. Please forward this message and link to other artists or arts organizations who may be interested. We appreciate your participation!

Santa Barbara County receives $3 million in federal funds for emergency housing vouchers for homeless

Emergency Housing Vouchers (EHVs) intended to help prevent and end homelessness are now available for Santa Barbara County residents in desperate need. Funded by the American Rescue Plan Act signed into law in March by President Biden, the U.S. Department of Housing and Urban Development (HUD) allocated $5 billion in funding for emergency housing vouchers to be distributed nationwide for housing the homeless. HUD Secretary Marcia L. Fudge said, “Homelessness in the United States was increasing even before COVID-19, and we know the pandemic has only made the crisis worse. HUD’s swift allocation of this $5 billion in American Rescue Plan funding reflects our commitment to addressing homelessness as a priority. With this strong funding, communities across the country will have the resources needed to give homes to the people who have had to endure the COVID-19 pandemic without one.” 

United Way of Santa Barbara County’s 2021-2023 Strategic Plan Renews Commitment to School Readiness/Achievement and Financial Empowerment–Formalizes Focus on Crisis Response and Recovery Work

United Way of Santa Barbara County (UWSBC) has released its 2021-2023 Strategic Plan for moving forward in a rapidly-changing landscape.  

Through this plan, UWSBC renews its decades-long commitment to two programmatic focus areas – School Readiness and Academic Achievement, and Financial Empowerment. Additionally, the plan commits UWSBC to a new programmatic focus area – Response and Recovery in Times of Community Crisis. This recognizes that in recent years UWSBC programs and strategies have become important components of Santa Barbara County’s disaster response and recovery infrastructure. 

Bilingual report — County of Ventura COVID-19 Update for June 30 2021

COVID-19 Vaccination Clinics

Please note there have been changes to the hours of operation.

Vaccination clinics will be closed on Monday, July 5 in observance of the Fourth of July holiday

Ventura County Fairgrounds (Now closed)

North Oxnard – Public Health
2240 E. Gonzales Rd, Suite 140
Oxnard, CA 93036
Walk-in hours: Monday-Friday 10:30am-4:30pm. Open until 6:30pm on Thursdays.
Vaccine: Pfizer, Moderna, and Janssen

Oxnard Rose Avenue (New hours of operation)
(Babies R Us Building)
2340 N Rose Ave, Oxnard, CA 93030
Walk-in hours: Tuesday-Friday 11:00am-6:30pm, Saturday 9:00am-4:30pm
Vaccine: Pfizer, Moderna, and Janssen (Now offering Janssen)

South Oxnard C Street
(Tent in the parking lot, near Las Islas Clinic)
2500 S. C Street, Oxnard CA, 93033
Walk-in hours: Monday-Friday 10:30am-4:30pm
Vaccine: Pfizer, Moderna, and Janssen

Oxnard College (New hours of operation)
3250 S Rose Ave., Oxnard, CA 93033
Walk-in hours: 9:00am-5:30pm Saturday-Monday, 12:00pm-7:30pm Thursday-Friday
Vaccine: Pfizer and Janssen (Now offering Janssen)
*State operated.
Closed on July 4

Anyone in need of a second dose does not need an appointment to get vaccinated at the above clinics. Please be sure to select a clinic offering the vaccine you received for your first dose.

For more information, visit https://www.venturacountyrecovers.org/vaccine-information/

Economic Development Collaborative (EDC) — Free Webinar Schedule

The Economic Development Collaborative encourages you to sign up for our partners’ no-cost webinars. Space is limited. Register today!

FATHOMWERX: CUAS

June 28 – June 29

Do you have a promising UAV technology that can detect, track, target, and more? Join @FATHOMWERX July 28th – 29th at the Chula Vista Testing Center, in Chula Vista, CA! As part of the Coastal Trident 2021 Port and Maritime Security Program the CUAS event will consist of a series of technical demonstrations and field experiments that will be conducted to exhibit CONEMP and evaluate capabilities to apply unmanned aerial systems and counter unmanned aircraft threats. If your UAV technology meets the modules below- submit an application for the CUAS event!

Module 4.1 (A): Identification, Tracking, Targeting, and Classification Platforms for Countering UAS.
Module 4.1 (B): Urban, Mobile Detection, Tracking, and Disruption of UAS.

CLICK HERE TO REGISTER

House Farm Workers! announces Ellen Brokaw House Farm Workers! 2021 scholarship honorees

House Farm Workers! has selected the recipients of its 6th annual Ellen Brokaw House Farm Workers! Scholarship for college-bound and current college students. Litzy Hernandez, Jesus Martinez, and Bryan Rodriguez will each be awarded $3,000 towards their continued education and will be celebrated virtually, at House Farm Workers! annual “From Field to Fork” fundraising event on July 15th.

To purchase tickets, please visit www.housefarmworkers.org/event

Grocery Outlet Announces Eleventh Annual ‘Independence from Hunger Campaign

Grocery Outlet Bargain Market, extreme-value grocery retailer, on June 24, launched its 11th consecutive Independence from Hunger Food Drive to combat food insecurity. Through July 31, 2021, the campaign will collect cash donations and pre-made bags of nonperishable foods in-store at Grocery Outlet’s 400 locations that will be distributed to local food agencies partners. In addition, online donations can be made at GroceryOutlet.com/Donate. …Latinos Are Nearly Twice As Likely to Experience Food Insecurity than Non-Hispanic White Individuals. Program to Support Organizations Food Share of Ventura County, The Salvation Army Oxnard Corps and The Simi Valley Council on Aging

Bilingual report — Ventura County Board of Supervisors approves $2.55 billion balanced budget for FY 2021-2022

The Ventura County Board of Supervisors has unanimously approved a $2.55 billion balanced Budget for FY 2021-2022 at Monday’s Budget Hearing. “This budget, at the direction of the Board, represents the culmination of over six months of work with departments, the fiscal team, the Board and community. What results is a real focus on pandemic recovery, both the health and economic impacts,” said County Executive Officer Mike Powers. “The budget also supports sustaining critical core services of health, social and safety services, streets and roads, investment in capital as well as IT infrastructure. At the same time, it enhances what the Board has identified as a priority including public health, mental health, services for individuals facing homelessness and climate action.”

Housing Trust Fund Ventura County awarded $1,826,265 in CDFI grant funds

Housing Trust Fund Ventura County (Housing Trust Fund VC) announced that it has received $1,826,265 from the U.S. Treasury’s Community Development Financial Institution’s (CDFI) Rapid Response Program, to support economic relief efforts in Covid-19 impacted communities. This award will directly impact affordable housing in Ventura County through Housing Trust Fund VC’s Revolving Loan Fund and provides an opportunity to double to potentially $3.6 million in lending capital under California’s Proposition 1 Local Housing Trust Fund matching grant program.

United Way of Ventura County’s 2021 Stuff The Bus Campaign on June 22

Today is United Way’s Day of Action!

You can participate by joining
United Way of Ventura County’s
2021 Stuff the Bus campaign!

Provide essential school supplies for local students experiencing homelessness or from disadvantaged families. 

You can help pave the path to academic success for a child from a homeless or low-income family. Furthermore, your support not only provides essential school supplies – studies show that it also promotes learning, building self-esteem, and helps ensure that our youth stay in school. 

Ventura County Community Development Corp. — No more procrastinating, it’s time to register for the 2021 Homeownership Conference!

It’s time to stop procrastinating and get registered! Introducing our Homeownership Conference host…Lady Jade! We’re SO excited to have her back for the second year in row! Check out her video below and get ready for a day that could change the trajectory of your life in JUST ONE WEEK!

Ventura College Foundation Receives Nearly $185,000 Gift From Aurora Loss Estate To Support Ventura College Nursing Department And Its Students

Ventura College Foundation, which provides financial support to students and programs of Ventura College, received $184,105 from the estate of long-time Ventura College supporter Aurora Loss who passed away in April 2020 at age 102. Loss has a 20-year history of giving to Ventura College Foundation to fund scholarships for Ventura College nursing students.

Loss’ donation is divided equally with $92,052 designated for the establishment of the Aurora Loss Scholarship Fund endowment and $92,052 to the college’s nursing department for the purchase of medical training equipment. The scholarships will be managed and awarded through the Ventura College Foundation.

CSUCI Receives $15 million gift from philanthropist MacKenzie Scott and Dan Jewett

California State University Channel Islands (CSUCI) has received a $15 million gift from MacKenzie Scott and her husband Dan Jewett in recognition of the University’s commitment to equity and inclusion, the social mobility of its students, and its overall contribution to the greater good of communities, the region and nation.

“This gift represents the largest one-time gift in the history of our institution, and it could not have come at a more critical time in our history,” said CSUCI Interim President Richard Yao, Ph.D. “The generosity of MacKenzie Scott and Dan Jewett is a testament to the data that reflects the incredible work that our faculty, staff, and administration are doing every day to eliminate equity gaps and increase the social mobility of our students by creating powerful academic and co-curricular programs that support student retention and success. We could not be more grateful for their generosity as we recognize the transformative power that this level of support has for our students and campus.”

Ventura County Community Development Corp. — Which one will you attend?

There’s so much to learn about homeownership and it can feel overwhelming! Not for long! Our Virtual Homeownership Conference provides you with bitesize workshop sessions to get a clear and concise look at a range of different homeownership topics! Topics include mastering your credit, rent relief programs, mortgage options for homeowners, first-time homebuyer tips and tricks, down payment assistance programs and how to avoid foreclosure.

CSUCI’s Basic Needs program gets a welcome $127,652 boost

Before the pandemic, roughly 115 CSU Channel Islands (CSUCI) students took advantage of the campus Basic Needs Program in 2018/2019. During the 2019/2020 academic year, that number more than doubled with 243 students using the program. About half of those 243 students contacted the Basic Needs program right after March 2020. 

“Many of our students are in the types of work that was disproportionately influenced by the shutdown,” said Associate Dean of Students Chelsee Bente — who leads the Basic Needs Program. “The shutdown also impacted many of our student’s families who suddenly had a loss of income.” 

Fortunately, CSUCI’s Basic Needs Program received a boost in the form of a $27,652.17 grant in April and another $100,000 in May from the CSU Chancellor’s Office, for a total of $127,652.17.  

Bilingual report — County Executive Office presents $2.55 billion balanced preliminary budget for FY 2021-2022

The County Executive Office presented a $2.55 billion balanced Preliminary Budget for FY 2021-2022 at Tuesday’s Board of Supervisors Meeting. “A balanced budget means that we can continue to provide critical core services such as health, social and safety services, street and road maintenance and enhance key areas of public health and mental health services with a continued commitment of services for individuals facing homelessness,” said County Executive Officer Mike Powers. “I appreciate the hard work of our Board of Supervisors and County team in the strategic management of public funds. This careful stewardship has resulted in strong reserves enabling the County to move quickly in response to the pandemic, such as feeding vulnerable older adults and housing those facing homelessness and testing. This extensive community support during the pandemic has been in addition to enhanced funding of critical services.”

Bilingual report — County of Ventura awarded highest credit ratings and successful financing

The nation’s two top credit ratings firms – Moody’s Investors Service and Standard & Poor’s Rating Services – have awarded the County with their highest short-term credit ratings. The credit considerations noted that the County’s financial performance will remain solid.

Ventura College Foundation Distributes Over $640,000 In Scholarships

The Ventura College Foundation awarded 400 scholarships to 228 students totaling $642,758 for the 2020/21 academic year.

Students were notified this month of their scholarship awards. Scholarship amounts range from an average of nearly $2,400 for continuing students to an average of nearly $4,000 for students who are transferring to four-year universities in the fall. Over half of the winners received multiple scholarships.

“Despite the challenges during the school year because of the pandemic and virtual learning, many Ventura College students were able to excel in their academic studies,” says Rob van Nieuwburg, Ventura College Foundation board chair. “Scholarship recipients are a wonderful example of the drive and commitment that our students show every day. Education is the gift that can pull families out of poverty, establish new futures, and launch dreams. We have been fortunate to be able to continue our mission during COVID to foster and enhance the education of Ventura College students. We are grateful for the generosity of our donors and community members who are giving the gift of education by making these scholarships possible.”

Economic Development Collaborative (EDC) — FREE Webinar Schedule

The Economic Development Collaborative encourages you to sign up for our no-cost webinars. Space is limited. Register today!

COVID-19 RESTAURANT REVITALIZATION FUND / FONDO DE REVITALIZACIÓN DE RESTAURANTES
This event will be held simultaneously in English and Spanish
El evento se presentará simultáneamente en inglés y español

May 20 @ 11:00 am

Ventura County Civic Alliance — Livable Communities Newsletter

1. Economy: There is strong business case for racial equity that is independent of the human to human considerations that we all have felt. Would you believe that ensuring that people of color across the country have equitable wages will lead to an additional $1 trillion in earnings (a 15% gain), an additional $800 billion in spending, and an increase of $450 billion in federal taxes collected? Equity is great for business!

CLU School of Management announces upcoming events May 17, 26

Tuesday, May 18   |  1:00 PM (PT)
Dr. Chien will interview Shine Lei, Ph.D., CFA, CFP®, and discuss the following questions: Why are women important in financial planning? What are some characteristics of women as clients? What are some characteristics of women as planners? How do we market to women clients? How to work with women clients efficiently?  Learn more

Ventura County Community Development Corp. — Help with Rent Relief Program Now Available at VCCDC

Get rent relief at VCCDC! If you’re struggling with paying rent due to a COVID-19 financial hardship, and you’re an income eligible household, you may be eligible for the State of California’s COVID-19 Rent Relief Program! You can receive help with past due or future rent and utilities, especially if you’re at risk of eviction. VCCDC is a Local Network Partner approved to assist you with applying for this program!
Contact VCCDC to schedule an appointment today:
805-273-7800 or vgalicia@vccdc.org

2nd Story Associates Provides “Quality of Life” Health, Education and Social Services to Low-Income Families and Seniors

This past year brought many challenges to our community as many families and seniors faced hardships brought on by the national pandemic — including loss or reductions in income, job loss, as well food and health insecurity. During this time, the nonprofit 2nd Story Associates, responded by continuing its efforts to support low-income families and individuals with critical needs in the Santa Barbara area.  

2nd Story Associates is the nonprofit arm of the Housing Authority of the City of Santa Barbara (HACSB), created to support the development of affordable housing and promote social services for the benefit of low-income members of the Santa Barbara community. 2nd Story creates opportunities for low-income residents, many of whom are residents of HACSB housing and/or Section 8 Voucher recipients, to receive the support needed to preserve their home as well as improve their education, well-being and quality of life. They strive to ensure there is always hope for someone’s “2nd story.”   

Economic Development Collaborative (EDC) — Free Webinar Schedule

The Economic Development Collaborative encourages you to sign up for our no-cost webinars. Space is limited. Register today!

COVID-19 BUSINESS RESOURCES: THE RESTAURANT REVITALIZATION FUND
This event will be held simultaneously in English and Spanish
El evento se presentará simultáneamente en inglés y español

Ventura County Economic Vitality — NUEVA subvención para restaurantes – Fondo de Revitalización de Restaurantes de la SBA

La inscripción para el Fondo de Revitalización de Restaurantes (RRF) comenzará el viernes 30 de abril a las 6:00 am, y la SBA comenzará a aceptar solicitudes a través del portal de solicitudes el lunes 3 de mayo a las 9:00 am. El portal de solicitudes permanecerá abierto a cualquier establecimiento elegible hasta que se agoten los fondos. Como preparación, se recomienda a las empresas que se registren para obtener una cuenta con antelación y que revisen el modelo de solicitud, la guía del programa y la tabla de elegibilidad de los distintos programas. 

Port of Hueneme — Interested in Global Trade? Join Us May 4!

The Port of Hueneme is a World Trade Center licensee, and in concert with our strong team of stakeholders, is hosting this event as part of our overall initiative to advance the businesses of Ventura County and expand their reach into the global marketplace. The focus this year will be on the challenges and opportunities offered by our post-pandemic world.

CLU School of Management — Vote now in the People’s Choice Awards in our student competitions and more upcoming events

We are coming down to the wire, just a few more days/hours to vote in both competitions! We have surpassed our goal of 800 participants voting by 400% but we want more. If you haven’t seen the work of our students, check it out today and select your favorites. The PRiME Competition closes on Tuesday followed by the New Venture Fair on Wednesday.

Bilingual report — County Board of Supervisors approves concept for 3rd Business Assistance Grant Program

The Board of Supervisors on April 27 unanimously approved the concept of a 3rd Business Assistance Grant Program to provide $5,000 grants to recipients of the County’s first and second Business Assistance Grant Programs totaling $30,700,000 in additional assistance bringing the total amount to more than $60 million in grants for local businesses. Staff will return to the Board with a final program for approval.

“The coronavirus pandemic has created both a health and economic crisis. Local businesses have been subjected to shutdowns, reduced capacity, and health and safety protocols that have inflicted a significant financial burden,” said County Executive Officer Mike Powers. “The survival of our local businesses, the economy, and jobs they support is essential to the wellbeing of Ventura County. Every business matters. Each one represents owners, workers, jobs and families that are vital to our community. We hope additional support will help these businesses continue to move forward.”

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

The last and final round (Round 6) of the California Relief Grant will open tomorrow for all eligible small businesses operating in California. At this time, there are no other additional rounds planned, so do not miss your last opportunity to submit a completed application!

E-books and online class material curated by library staff saves CSUCI students $237,759  

CSU Channel Islands (CSUCI) was already in the process of saving money on textbooks for students with its openCI initiative when the COVID-19 pandemic hit, sending the program into hyperdrive.  

Recent calculations showed that the John Spoor Broome Library staff’s work to provide faculty and students with online learning materials and e-books saved CSUCI students $237,759 over the last academic year—and counting. 

“The number is a moving target as the semester moves along, but we’re estimating that the final savings for the 2020-21 school year is about $245,513,” said Library Services Specialist Elizabeth “Bitten” Skartvedt. 

Bilingual report — Santa Barbara South Coast and Santa Maria Chambers of Commerce urge Hispanic business owners to apply for PPP

The Santa Barbara South Coast Chamber of Commerce and Santa Maria Chamber of Commerce recognize the importance that Hispanic and minority-owned businesses have in the community. As they have shared COVID-19 information and resources with community business owners, they have identified a gap. While many Hispanic-owned businesses have already taken steps to apply for financial assistance through the Paycheck Protection Program (PPP), there are still a number of smaller, local businesses that have not yet done so. While there is still time to apply, funding is quickly being distributed and may run out prior to the May 21 deadline. 

Capacitación de QuickBooks en línea

Si eres principiante en el mundo de QuickBooks o en la contabilidad en general, hay ciertos procedimientos que necesitas saber. En este curso, aprenderás los conceptos básicos de QuickBooks y la contabilidad, lo que te dará las bases para un sistema de contabilidad muy optimizado y sostenible para tu negocio sin importar el tamaño de tu empresa o aunque solamente trabajes por tu cuenta.

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

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.

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

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.