Tag: Economic Development Collaborative (EDC)

EDC Business Alert — SBA reopens EIDL Portal for all eligible applicants

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To further meet the needs of U.S. small businesses and non-profits, the U.S. Small Business Administration reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible applicants experiencing economic impacts due to COVID-19 today.

SBA’s EIDL program offers long-term, low interest assistance for a small business or non-profit. These loans can provide vital economic support to help alleviate temporary loss of revenue. EIDL assistance can be used to cover payroll and inventory, pay debt or fund other expenses.

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EDC NEWS- New Funding Opportunity for Laid Off or Furloughed Workers

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In partnership with America’s Jobs Center, the Human Services Agency is offering supportive services funds for individuals up to $800 if your hours have been reduced or eliminated due to the economic impact of covid-19. Additional eligibility requirements apply. Priority will be given to English language learners, low income individuals and those with barriers to employment. 

Please see flyer below for more detail or call 805.204.5186 for more information. Due to a high volume of calls, please allow up to 48 hours for staff to contact you.

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EDC BUSINESS ALERT-Preparing for and Reopening Ventura County Businesses

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Ventura County has moved into Phase 2 of California’s reopening plan. Businesses that have been identified as eligible to reopen, must meet county and state health and safety compliance protocols.

At this time, we encourage all retail and restaurants that are interested in moving towards in store shopping and dine in service to read the safety protocols and compliance measures necessary to do so. Be prepared to reopen.

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EDC Business Alert — Applications are Still Being Accepted for Paycheck Protection Program

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The SBA’s Paycheck Protection Program is still open and accepting new applications. This SBA loan program may be accessed through any bank that currently issues SBA 7a guarantee loans. To find an approved lender visit this link.

This program will be available retroactive from Feb. 15, 2020, so employers can rehire their recently laid-off employees through June 30, 2020. NOTE: For more information please visit the SBA website. For frequently asked questions please visit the U.S. Department of Treasury.

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EDC Business Alert — Business Resource Updates

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On March 27th, Governor Newsom issued Executive Order N-37-20 implementing a statewide eviction moratorium on evictions through May 31st. EDC encourages renters who are unable to pay rent due to financial hardship and the impact of COVID-19, to inform their landlord by completing a Notice of Coronavirus-Related Inability to Pay Rent in order to preserve rights as a tenant. For more information on Covid-19 moratorium related eviction guidelines in Ventura and Santa Barbara County please visit this website.

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EDC — Paycheck Protection Program Reopens 4/27

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The SBA will resume accepting Paycheck Protection Program applications from participating lenders on Monday, April 27, 2020 at 7:30 AM.

If you are seeking additional capital through the Paycheck Protection Program, we highly encourage you to review our Federal Funding Preparation Guide in advance of any application you may submit.

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EDC BUSINESS ALERT- EDC Business Disaster Loan and Wednesday Webinar Series

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We are excited to announce that we are now accepting applications for our EDC Disaster Loan. Special thanks to Pacific Western Bank for contributing $500,000 to the EDC Disaster Loan Fund. These funds are meant to support small businesses in Ventura and Santa Barbara County only. Due to the volume of requests we anticipate and limited private capital funds we know that we will not be able to serve every small business. However, we do believe that the SBA Disaster Loan Program (EIDL), and the Paycheck Protection Program (PPP) are the best sources of capital available to small businesses.

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EDC BUSINESS ALERT- New COVID-19 Business, Self-Employed and Employee Benefit Webinar Series and Business Resource Hotline

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Good Afternoon Clients, Partners and Friends, It is truly an extraordinary time. Thank you for your partnership, support and grace as we have all made necessary and sometimes uncomfortable adjustments to meet this moment. In the brief period of time…

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EDC January 2020 NEWS- EDC Welcomes Nan Drake as Board Chair

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EDC WELCOMES NAN DRAKE AS 2020 BOARD CHAIR Nan Drake of E.J. Harrison & Sons was recently installed as 2020 chair of the Economic Development Collaborative’s board of directors at the organization’s 23rd Annual Meeting. “Nan Drake brings extensive experience…

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