Banks ramp up loans to tri-county small businesses
It’s not too late for tri-county small businesses to get financial aid from the government to help offset COVID-19 losses. President Donald Trump signed a $484 billion relief package bill April 24 containing the awaited second wave of Payroll Protection Program funding. The program originally had $349 billion for small businesses but ran out of Read More →
Read More →Medical providers use telehealth to reduce COVID-19 exposure
Telehealth has been around for years, but the coronavirus pandemic has given a jolt to utilization rates by tri-county health care providers. Large hospitals, physician networks like Sansum Clinic and managed care providers are all turning to it as an alternative to face-to-face meetings. It’s a low-cost way to screen patients, reduce personal protection equipment Read More →
Read More →Office market rents will drop, NAI survey respondents say
NAI Capital took a look at regional trends from the last 10 years but also asked office market professionals where they see the market going in the near future for its COVID-19 Impact Survey, which was released April 13. “The financial impact on coworking spaces and office landlords in general will likely grow exponentially the Read More →
Read More →Tri-county tourism, hospitality hurting but region suited for recovery
Keeping the economy closed has saved lives, but it has hurt and will continue to hurt tri-county residents in the pocketbook. A webinar put on by UC Santa Barbara on April 16 probed the different ways the community’s businesses were hurting and panelists talked about solutions to help ease the pain. “I think we can Read More →
Read More →More questions than answers as PPP runs out of loan funds
Questions remain as the Small Business Administration ran out of funding for the Payroll Protection Program on April 16. The fund started with $349 billion, which was quickly loaned out to businesses across the nation — but not to everyone at the same time. Independent contractors and self-employed people were able to apply for the Read More →
Read More →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 →
Read More →Tri-county airports get federal grants as ridership plummets
Several tri-county airports received federal funding through the Coronavirus Aid, Relief, and Economic Security Act Airport Grant Program as they faced steep declines in ridership. Of the three largest airports, San Luis Obispo County Regional Airport received the most —$20 million. Santa Barbara Municipal Airport got $9.6 million, and Santa Maria Public Airport, which lost Read More →
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