Economic Recovery for Southern California

According to a meeting held at the beginning of this month, the economic recovery from COVID-19 is set to be “long and uneven” in the Southern Californian region.  This was the conclusion of the annual Southern California Economic Summit  held by the Southern California Association of Governments (SCAG).

Still, it’s not all doom and gloom.  At the summit, Governor Gavin Newsom said:

“We’re going to be alright. In fact, not only be alright, there’s no state better positioned in the future than this state.”

There is however, work to be done.  This involves the importance of home ownership expansion in 2021; investment in people-of-color-owned SMEs; bolstering education, pushing forward the manufacturing industry, etc. 

Over in Long Beach, it is hoped that the City Council will approve the proposal for a $5m fund in support of personal care service providers (cosmetic stores, hair salons, tattoo parlors etc.).  so far it already has the support of Al Austin, Rex Richardson and Robert Uranga from the Council. The money will come from the next federal stimulus package.