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This will be the single most important Community Update and call to action the Economic Development Department has written this year. College of the Desert previously promised Cathedral City that it would build the $28.5 million Roadrunner Motors at the […]
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Economic Development Department Monthly Update
Community Update – Focus
Focus is a curious thing. What we focus on largely determines what we see(1). Some focus on the negative, while many more focus on the positive. Thankfully, focus is a choice. As we look back on 2021, we see a vibrant community that, while impacted by COVID-19, has not only survived but is thriving. From an economic development standpoint, Cathedral City’s Planning, Engineering, and Economic Development Departments have facilitated an incredible amount of development over the last years.
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Community Update
In our last Economic Development Community Update, we discussed decreasing COVID-19 numbers and the opportunity1 we, as a community, have in rebuilding our community and economy stronger than ever before. We reviewed a World Economic Forum article titled “Rebuilding after COVID-19 shouldn’t mean going back to how things were,”2 which outlined how a new normal could look.
MoreMore TagCommunity Update – 4/15/21
With Riverside County’s recent change to the Orange Tier, our economy is already showing signs of recovery! Our economic success will only occur if we each do our part by keeping the coronavirus infection rates down; shopping local within Cathedral City; and and getting vaccinated so that we can reach herd immunity responsibly.
MoreMore TagEconomic Development Update
Beyond the community’s gallant efforts to come out of the pandemic stronger than when we entered, great things have occurred on the development front. During a drive through our Downtown Arts and Entertainment District, one will see the recently completed […]
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Community Update
A lot has happened since our last economic development update in October. Infection rates dropped, businesses began to reopen, and we attempted to return to “normal.” Unfortunately, too many of us dropped our guard, too quickly. Maybe we weren’t wearing masks as we should have, perhaps we weren’t social distancing as prescribed, or maybe we started gathering in small groups. In any case, the COVID-19 infection rates have come roaring back. Since the steps to control the spread of COVID-19 are simple (always wear a mask, always socially distance, and avoid large gatherings), what we do over Christmas will determine how long our economy remains closed down.
MoreMore TagEconomic Development – Community Update
Before we begin today’s community update, I hope you and your families have been staying healthy. A lot has gone on since our last economic development update. Thankfully, we, as a community, have done an impressive job coming together and […]
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What’s Developing in Economic Development
Since our May 2020 Economic Development update, a lot has occurred. The governor allowed California to move into the Reopening Stage 2.5 that allowed more businesses to reopen. Unfortunately, COVID-19 infection rates climbed quickly, and now, many previous restrictions were put back in place.
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Payroll Protection Program
As many of you may know, President Trump’s CARES Act is providing a $2.2T stimulus to help our Country get through the COVID-19 situation. While the CARES Act is funding several popular loan programs, the programs getting the most attention from businesses are the Payroll Protection Program (a forgivable loan of up to $10m based on your average monthly payroll expenses subject to certain conditions and requirements) and SBA’s Economic Injury Disaster Loan Program along with its $10,000 cash advance.
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