COVID-19 pandemic crushes the tri-county wedding industry
Hundreds of weddings in the Tri-Counties have been canceled or postponed since governmental orders forbade people from gathering in groups to prevent the spread of COVID-19. The ban cratered the industry on the Central Coast, which saw weekends in half of March, all of April and now parts of May become untenable. “It’s devastating to Read More →
Paso Robles distilleries donate sanitizer to SLO County
Paso Robles craft spirits makers Krobar and Willow Creek distilleries together donated 220 gallons of sanitizer April 13 to San Luis Obispo County first responders and health care personnel. The donation was made to the the county Office of Emergency Services, which plans to distribute the sanitizer to emergency response personnel and frontline health care workers. Read More →
Lisi: COVID-19 impacts values and acquisitions
By James Lisi From Feb. 20 to March 20, the bond risk premium jumped two points. This jump was larger than any previous move over a one-year period. Well-regarded economists are forecasting 20 percent to 35 percent fall in Gross Domestic Product for the next few months. We have just exited the best market for Read More →
Steinfeld and Werth: Cannabis businesses are essential
By Amy Steinfeld and Alina Werth As a result of Gov. Gavin Newsom’s stay-at-home executive order, all but “essential” businesses have closed to slow the spread of the novel coronavirus. Cannabis dispensaries are one of a few retail operations deemed essential, along with pharmacies and grocery stores. And it’s not just dispensaries that have been Read More →
Chien: Now might be time for a small business loan
By Chia-Li Chien Many states, including California, identified a list of critical sectors to remain operational during the COVID-19 crisis. The rest of us need to work from home or close our businesses until further notice. The stock market reacts to the uncertainty in this public health crisis volatilely. The ripple effect causes the federal Read More →
Good Works: Tri-county nonprofits get grants for COVID-19 response
The Ventura County Community Foundation, in coordination with Ventura County, Amgen Foundation, Aera Energy, Southeast Ventura County YMCA, Give An Hour, and the Economic Development Collaborative, launched the Ventura County Rapid Response Fund on March 13. The next day, the 805 UndocuFund COVID-19 Fund was activated with partners, including Future Leaders of America, CAUSE, Mixteco/Indigena Read More →
Banks struggling with PPP loans for tri-county small businesses
Last-minute rules changes and a messy rollout mean small businesses and nonprofits will have to wait a little longer to get the help they’ve been promised under the CARES Act. The $349 billion Payroll Protection Program, a key part of the act, went live on April 3, but few banks were in a place where Read More →
