Coachella Valley Economic Partnership

Last week we looked at the overall drop in employment for the Coachella Valley due to the impacts of COVID-19. This week we will dissect these job losses by examining losses in specific industry sectors. I reconfigured the data in Figures 18A and 18B from the 2020 Greater Palm Springs Economic Report into a more understandable table to better show the comparative share of losses in each segment. The first table shows the actual number of jobs lost in the Valley’s nine cities,... while the second table shows these losses in percentages. The second column in each table refers to the difference between the number of jobs in February, before COVID restrictions were enacted, and the greatest decline in the period up to June 2020, the latest data available as of publishing the report. The third column shows how many of these jobs lost between February and June had been recovered by June. It has been widely reported that the downturn has affected business sectors unevenly, with sectors that rely more on face-to-face interaction, such as Leisure and Hospitality, showing significantly higher job losses. The data for the valley reinforces this, with Leisure and Hospitality and Retail Trade showing the highest job losses. While these sectors did see some recovery by June, we are still a long way from fully recovering these jobs. And historically, our recoveries in the Valley have taken longer than the rest of the state and the U.S. Because the Leisure and Hospitality and Retail Trade sectors employ so many in the valley, it is important to look at losses relevant to the total employed in each sector to show the proportion of jobs lost due to the pandemic. Here we see Other Services and Information with the second and third highest percentage losses. The Other Services sector includes close contact jobs like hairstylists, cosmetologists, and laundry and dry-cleaning workers. These jobs also disproportionately employ women and minorities. The Information sector employs very few in the valley, so any jobs lost can represent a large percent drop in this sector. #DavidsDataDigest #elevateGPS #cvrecovery #gpscomeback

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PRESS RELEASE February 3, 2021 Distribution of PPE Supplies to Local Businesses In conjunction with the Coachella Valley Economic Partnership, the City of Twe...ntynine Palms has received a large shipment of personal protective equipment (PPE) consisting of masks, hand sanitizer, and face shields which are available at no cost to businesses located in Twentynine Palms. Businesses must visit www.help29.com to place an order for the supplies. An order confirmation will be sent with information detailing the pickup location and time. Supplies are limited and based on a first come, first serve basis. For further information, please contact the Twentynine Palms Parks and Recreation Department at (760) 367-7562.

We are so excited to announce that our 2020 Greater Palm Springs Economic Report is complete and ready for download at cvep.com/intelligence. Over the next several weeks we will be highlighting some of the valuable insights and data found within the report. Because we value sharing information with clear, concise, and beautiful graphics, we want to applaud our partner Hunter Johnsen for the exceptional work they did to produce this report. Not surprisingly, the COVID-19 pande...Continue reading

There are - give or take a few - 1200+ nonprofit organizations in the Coachella Valley. CVEP is proud to announce that for the third year in a row, it has earned the GuideStar Platinum Seal of Transparency. Fewer than a dozen Coachella Valley nonprofits hold this distinction, which is designed to give potential funders and donors better insight into a nonprofit's work. #elevateGPS #cvRecovery #guidestar #platinum #transparency #nonprofits #coachellaValley #greaterPalmSprings #economicDevelopment #economicRecovery

First, Happy New Year everyone, with hopes for a significantly better 2021. Hopefully, with COVID vaccinations beginning to roll out, this year will see a return to relative normalcy and a significant rebuilding of our valley economy. But we cannot ignore one disturbing trend in our state economy: the recent announcements that some of our largest legacy tech corporations, like Oracle and Hewlett Packard, are moving their headquarters out of state. Why is this happening? The Sacramento Business Journal sums it up succinctly: In a nutshell, California state income tax is the highest in the nation, (and) California's ranking for ‘business friendliness’ is the lowest Click the images to learn more. #DavidsDataDigest #elevateGPS #gpscomeback

The City of Palm Desert and Coachella Valley Economic Partnership's "Million Mask Giveaway" continues Mondays-Wednesdays, 8am-2pm, at the Palm Desert Community ...Center. Palm Desert businesses are encouraged to stop by for fast, convenient, contactless pick-up of free PPE--face masks, face shields and hand sanitizer. For more information, call 760-776-6362 or email [email protected]. #MillionMaskGiveaway #cvRecovery #UnitePalmDesert

After what seemed an eternity, the U.S. Congress finally passed a second stimulus package to address the long-standing economic calamity brought on by the COVID lockdowns. This time around, the stimulus checks are only $600, half the size of the March CARES Act checks, and the eligibility formula is less generous. Adults who earned less than $75,000 in 2019 will receive the full $600 and couples who earned less than $150,000 will receive $1200. The payments then diminish for ...higher incomes and are phased out completely for individuals earning more than $87,000 and couples earning more than $174,000. Dependents under the age of 17 are eligible for up to $600 payments. To give some perspective on the scale of this stimulus I conducted a rough estimate of how much this stimulus would amount to in the Coachella Valley. Tax return data is available at the zip code level from the IRS, with the 2018 tax year the latest available. Using these data, I was able to determine the number of returns filed for single, joint return households, and head of household returns in each valley zip code. Unfortunately, they are classified by adjusted income in $25,000 brackets up to $100,00, and then $100,000 to $200,000, and $200,000 or more. So, the single filing up to $75,000 is an accurate number, but I used all returns up to $200,000 for joint returns, and up to $100,000 for head of household returns, so these estimates are skewed high and low, respectively. I was also able to obtain the total number of residents up to age 17 by zip code to determine the dependent stimulus total. In the valley, most households with children are not from high income households, so I went ahead and counted all these residents in each zip code. Using these rough guides, I estimated that Coachella Valley residents will receive approximately $210 million in new stimulus money. The map shows the stimulus total estimates for each valley zip code. Ranging from $1.25 million in Indian Wells, to $32.30 million in Indio, the array of total stimulus varies significantly based on the total population, the proportion of high-income population, and the proportion of dependent-aged residents. The percentages on the map show the estimated percentage of the total population that would receive stimulus, including dependents up to age 17. So, while the 92201 zip code of Indio will receive the most stimulus, Mecca would have the highest proportion of residents receiving stimulus, at nearly 100%. #DavidsDataDigest #elevateGPS #cvrecovery

The City of Palm Desert, Coachella Valley Economic Partnership and the California Governor's Office of Emergency Services is pleased to offer no-cost Personal P...rotective Equipment--face masks, face shields and hand sanitizer--to Palm Desert businesses. The "Million Mask Giveaway" PPE distribution starts this Monday, December 21 at the Palm Desert Community Center featuring fast, convenient, contactless pick-up. The distribution will continue Mondays-Wednesdays, 8am-2pm, while supplies last. For more information, call 760-776-6362 or email [email protected]. #MillionMaskGiveaway #cvRecovery #UnitePalmDesert

News to make our region proud: Selected from over 500 entries from 4 different countries, our Investor Package earned a Silver Excellence in Economic Development Award from the International Economic Development Council. #marketing #elevateGPS #economicDevelopment

We take pride each week as we dig in deep to uncover local Coachella Valley economic and demographic facts. But for the next few weeks we are going to pull back and look at how the COVID-19 pandemic has created an economic crisis in the U.S., and how California is faring in comparison. We will be digesting for you the excellent reporting done by the University of New Hampshire Carsey School of Public Policy, in their COVID-19 Economic Crisis: By State research publication. Click an image to learn more. #elevateGPS #DavidsDataDigest

Announced this morning: the State has moved Riverside County back into the most restrictive reopening tier. Businesses have 72 hours to prepare before the changes take effect.

CVEP's David Robinson & Laura James take an in-depth look at what prolonged shutdowns mean for the Greater Palm Springs business community. A version of this article originally appeared in the Fall 2020 Voice of Business magazine, published by the Greater Coachella Valley Chamber of Commerce. #elevateGPS #CVRecovery

As congress struggles to pass another stimulus package, and Riverside County precariously reopens, many valley workers are unemployed or threatened with eventual furloughs. This pandemic has generated a bifurcated workforce those who can work at home and retain their jobs, and those that cannot. How many workers in the Coachella Valley can work from home? Click each photo to learn more! #DavidsDataDigest #workfromhome

On Oct. 14, CSUSB Palm Desert Campus Dean Jake Zhu will participate in a webisode entitled, The Economic Future of the Coachella Valley, which will focus on h...ow the coronavirus has impacted higher education in the Coachella Valley. The webisode, a Palm Springs Life Magazine, Palm Springs California event in partnership with the Coachella Valley Economic Partnership (CVEP), will explore the pandemic’s temporary and long-term effects on education as well as how local educational institutions are adapting during this time. Dean Zhu will be joined by College of the Desert President Joel Kinnamon and Palm Springs Unified School District Superintendent Sandra Lyon. https://csusb.edu//csusb-palm-desert-campus-dean-participa

New, somewhat easier forgiveness requirements have been announced by the SBA for PPP recipients of loans less than $50,000.

For the short & long-term survival of local businesses & jobs, it's SO important that we don't move back into the purple tier. California adjusts our numbers for the worse if we don't test enough people. So, to help #RivCo stay open AND safe... We suggest... You get a test.

Today we dig a bit deeper into last week's introductory exploration of creating our own Coachella Valley Metropolitan Statistical Area (MSA). The CVEP staff debated over how to determine the western border of our experimental MSA. Should we go all the way to Beaumont? In the end, we set Banning as our western border. An alternative and advanced method of determining political boundaries is to follow watershed boundaries. Click each photo to learn more. #DavidsDataDigest #elevateGPS #CVMSA #coachellaValleyMSA #DavidsDataDigestDeepDive

Here at CVEP we may be guilty of occasionally grousing, albeit constructively, about being a little fish in a very, very big pond. That pond, geographically speaking, is the Riverside-San Bernardino-Ontario Metropolitan Statistical Area (MSA), shown in the first map below. By area, the Coachella Valley represents only 6% of the land area of our encompassing MSA, and 10% of the population. The Riverside-San Bernardino-Ontario is the thirteenth most populated MSA in the country..., with a population near that of New Zealand. But what if...? Click photos to learn more. Sources: Esri Business Analyst 2020, U.S. Bureau of Labor Statistics, U.S. Census #DavidsDataDigest #elevateGPS

Two things everyone is talking about this year: health and the economy. CVEP CEO Joe Wallace moderates this webisode with guests Ken Wheat of Eisenhower Health; Jenna LeComte-Hinely of HARC; and Kim Saruwatari of Riverside University Health System- Public Health.