UCLA researchers predict that California’s economy will get hit harder by the coronavirus than most U.S. states. However, the Greater Sacramento Economic Council is already leading the local recovery effort.
Gov. Gavin Newsom has created a new, 80-member task force to guide the state’s economic reopening and recovery. The group aims to help businesses shuttered by the coronavirus pandemic by assisting them with inventory problems and credit card debt they’ve amassed.
Gov. Gavin Newsom said he will not lift his shelter-in-place order until adequate suppression and mitigation measures are in place to prevent future flare-ups. That means tracking down the sick and isolating clusters of new infections, arming hospitals with adequate equipment and setting new guidelines for schools and businesses to reopen.
With 1 million Californians filing for unemployment over the last two weeks, several major banks have agreed to delay foreclosures and offer mortgage relief to homeowners impacted by the coronavirus, Gov. Gavin Newsom announced Wednesday.
Social distancing may be good for public health these days, but it isn’t good for the California economy.
On a bleary Monday morning in Sacramento with the Dow Jones industrial average tanking, on its way to a 2,997 point drop and its worst day since 1987, Greater Sacramento Economic Council President and CEO Barry Broome offered advice for local business owners that he knows won’t be popular.
Six utilities serving more than 21 million Californians have announced that they will not shut off customers’ power for nonpayment as the coronavirus continues to disrupt daily life.
California’s governor took extraordinary action on Thursday, clamping down on public gatherings, ordering residents to follow public health rules, authorizing the state to commandeer hotels and medical facilities and whipping emergency officials into action to proactively stem the spread of the novel coronavirus.
Since 2015, Comstock’s has spotlighted more than 60 regional startups in our Startup of the Month column. Here are five standouts from the column that are going stronger than ever.
Uber, Lyft and other companies contribute an outsized share to climate-warming emissions, raising a question from from researchers and lawmakers: how can the state rein in emissions from gig economy companies built on drivers who own their vehicles?