Greater Sacramento COVID-19 Update
July 17, 2020
Good Afternoon,
 
The reinstatement of business closures throughout California is another blow to struggling businesses that were just opening their doors. While we must remain vigilant about our health and safety, it is now more important than ever to shop locally to support our regional economy. The Governor's launch of #ShopSafeShopLocal campaign urges just that, investing in our small businesses to lessen the financial burden of COVID-19.

While we navigate through the changes this pandemic has brought on, GSEC continues to work with our Board and community stakeholders to help carve channels for economic recovery. This includes bridging the gap in the digital divide with better access to the internet especially in low income neighborhoods; fostering an environment of growth for tradable sector industries including life sciences and mobility; and supporting digital education and job placement initiatives throughout Greater Sacramento.

Together we will overcome obstacles and forge a better and bolder economy. 

Thank you,
Barry
In the news
Aggie Square
UC Davis Aggie Square will add billions to Greater Sacramento region

New analysis from an economic research firm predicts Aggie Square at the UC Davis Sacramento campus will add nearly $5 billion to the Greater Sacramento region’s economy each year and support 25,000 ongoing jobs. Read the press release from UC Davis here and hear Barry's interview with KFBK on the updates here.
digital skills
Greater Sacramento wants digital training courses to lift underserved communities

Sacramento Business Journal wrote an article about GSEC and the Greater Sacramento Urban League’s proposal for digital upskilling members of the region’s underserved communities. 

money
Suncrest Bank eyes small dollar lending to buoy PPP

The GSEC virtual media tour has received more media coverage. Bank Innovation wrote an article on Suncrest Bank featuring President and CEO Ciaran McMullan.

Economic impacts and projections updates
Updated Report: U.S. economic forecast

Today’s report includes updates on unemployment, consumer prices, exports, the U.S. budget deficit, global oil demand, commercial real estate and more.

Additional reports

cell phone
Stay in the know and share positive news about the region

GSEC has launched weekly text updates to share the latest news driving economic progress in the region and updates on upcoming programs.

Announcements
The Governor’s Task Force on Business and Jobs Recovery launched a new campaign, Calling All Californians: #ShopSafeShopLocal, to encourage Californians to support small businesses in their communities. Learn more »

The U.S. Small Business Administration is offering low-interest federal disaster loans to small businesses economically impacted by civil unrest that began May 26, 2020. Learn more about these resources here and Sacramento County's additional resources here.
Programs
GSEC programs
UPCOMING
Global supply chain and manufacturers have been immensely effected by COVID-19. What technology advancements, and adaptations will lead the manufacturing industry to prosperity?

This moderated conversation will highlight how thinking about future technologies can help us be ahead of the curve as we find new ways to advance the region’s economy. 

While the future seems threatening, chaotic and unpredictable, there are ways to identify trends that will define our it. Technological innovation will certainly drive the emergence of “Next-Generation Greater Sacramento” in the post-COVID world.

Related programs

Insurance Policies Every Small Business Owner Should Consider
Date: July 23, 3 p.m.
Host: Downtown Sacramento Partnership

Happy Hour with Nicholas Haystings
Date: July 28, 5 p.m.
Host: Sacramento State Carlsen Center for Innovation and Entrepreneurship and StartupSac

Virtual Entrepreneurship Toolkit Series
Date: Ongoing
Host: Sacramento State Carlsen Center for Innovation and Entrepreneurship

Small Business Relief and Recovery
Host: GO-Biz
Featured commercial real estate property
Slate Creek Corporate Center

A three-building Roseville office campus located in one of the region’s most desirable corporate corridors. Available suites from 2,274 to 19,484 square feet.

COVID-19 resources
City of Sacramento

Landlord incentive: The Sacramento Housing and Redevelopment Agency has launched a new incentive program to increase the amount of affordable housing in Sacramento during the COVID-19 pandemic. Learn more »

Creative Economy Recovery Grants: Four grants are available for individual artists, arts and cultural nonprofits and creative businesses that have experienced financial hardship because of the crisis caused by the pandemic. Deadline to apply is July 22. Learn more »
Paycheck Protection Program

Aug. 8 is the deadline to apply for this SBA loan that helps businesses keep their workforce employed during the COVID-19 crisis.

Economic Injury Disaster Loans

In response to the pandemic, small business owners and non-profit organizations can apply for an Economic Injury Disaster Loan (EIDL). EIDL is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Proceeds can be used to cover a wide array of working capital and normal operating expenses, such as continuation to health care benefits, rent, utilities and fixed debt payments.

GSEC newsletter update

Please note that instead of sending the newsletter each week, moving forward we’ll only be sending it twice a month: once at the beginning of the month and again halfway through the month. If you'd like additional updates from the organization, please sign up for our weekly text alerts here. Thank you.
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