Greater Coachella Valley Chamber of Commerce
  • Join the Chamber
  • Business Directory
  • GCVCC
    • Articles Of Incorporation
    • GCVCC Board of Directors
    • Staff
    • Ambassadors
  • Events
    • Sponsorship Opportunities
  • Legislative Action
    • Legislative Platform
    • Legislative Action
    • Elected Leaders
  • Resources & Publications
    • Get Your Business Known
    • Focus on Small Business
    • Business Support
    • Publications
    • The Gem
    • Hot Deals
  • Our Partners
    • Pure Community / My-Local-Valley
    • Office Depot Chamber Rewards Program
    • Leadership Coachella Valley
  • News
    • Community
    • City
    • Business
    • Non-Profit news
    • Arts & Entertainment
    • Legislative Advocacy Updates
    • E-Newsletter Signup
    • Submit Your News
  • Chambers
    • Desert Advertising Federation
    • Cathedral City Chamber
    • Coachella Chamber
    • Desert Hot Springs Chamber
    • Indian Wells Business District
    • Indio Chamber of Commerce
    • La Quinta Chamber
    • Unincorporated Riverside County
  • Join
  • Business Directory
  • GCVCC
    • Article of Incorporation
    • GCVCC Board of Directors
    • Staff
    • Ambassadors
  • Events
    • Events & Registration
    • Sponsorship Opportunities
  • Legislative Action
    • Legislative Platform
    • Legislative Action
    • Elected Leaders
    • Legislative Tracker
  • Resources & Publications
    • FREE PPE
    • Get Your Business Known
    • Focus on Small Business
    • Business Support
    • Member Login
    • Publications
    • The Gem
    • Hot Deals
    • Newsletters
  • Our Partners
    • LoveLocalCV
    • Pure Community
    • Office Depot Chamber Rewards Program
    • Leadership Coachella Valley
  • News
    • Community
    • City
    • Business
    • Non-profit
    • Arts & Entertainment
    • Legislative Advocacy Updates
    • E-Newsletter Signup
    • Submit your news
  • Chambers
    • Cathedral City Chamber
    • Coachella Chamber
    • Desert Advertising Federation
    • Desert Hot Springs Chamber
    • Indio Chamber of Commerce
    • La Quinta Chamber
    • Indian Wells Business District
    • Unincorporated Riverside County

News

Coachella Valley Economic Partnership (CVEP) Releases Coachella Valley PPP Loan Data Analysis Report

August 25, 2020

News from: Coachella Valley Economic Partnership (CVEP)

Coachella Valley Economic Partnership (CVEP) has released its Coachella Valley PPP Loan Data Analysis Report. The Report clarifies and emphasizes key characteristics of the loans granted in the Coachella Valley.

“This report shines a light on the impact of the PPP Loan to Coachella Valley businesses.” said Laura James, Vice President of Innovation at CVEP. “If employee retention conditions are met, these loans are fully forgivable. This means that for many businesses, the PPP is effectively a grant program.”

Some key takeaways from the PPP Loan Data Analysis Report:
• A total of 5,451 loans were awarded, with the greatest majority (87%) being loans less than $150,000
• A total of $171,744, 066 of loans under $150,000 were administered with the average loan being $36,133
• There were 696 loans above $150,000 conferred, with two-thirds valued between $150,000-$350,000
• A total of 66,750 jobs (42%) were retained in the Coachella Valley thanks to the PPP loan awards

The Report is available to view at cvep.com/intelligence.

About CVEP
The mission of the Coachella Valley Economic Partnership is to incite vision-driven transformation in the Greater Palm Springs region. Established in 1994, the nonprofit organization has emerged as a vital innovator of regional business development initiatives by fostering entrepreneurship and diversifying industry. As the only regional entity with the capacity to execute technology-led economic development, the partnership promotes a diversified, year-round economy by facilitating programs that stimulate job creation in key industries through business attraction, retention, and expansion. Visit www.cvep.com or call 760-340-1575.

Recent Posts

  • Namiwalks Your Way Coachella Valley
  • Mixer Recap: Desert Theatreworks
  • 30% off Billboard Advertising for Chamber Members
760.347.0676
760.347.6069
[email protected]

Locations

Coachella

1515 6TH ST.
Coachella, CA 92236

M – TH | 8:30am – 4:30pm

Cathedral City

68487 E Palm Canyon Drive
BLDG. 3 | SUITE 31
Cathedral City, CA 92234

T – F | 8:30am – 4:30pm

Indio

82-921 Indio Blvd.
Indio, CA 92201

M – F | 8:30am – 4:30pm

Desert Hot Springs

12561 Palm Drive
SUITE C
Desert Hot Springs, CA 92240

M – F | BY APPOINTMENT ONLY

La Quinta

78015 Main Street
SUITE 206
La Quinta, CA 92253

M – F | BY APPOINTMENT ONLY

  • Contact Us
  • Terms of Use
© Greater Coachella Valley Chamber of Commerce. All rights reserved.

Sign up for the latest news and updates from GCVCC.

  • This field is for validation purposes and should be left unchanged.

en English
zh-CN Chinese (Simplified)nl Dutchen Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanish