Though the COVID-19 pandemic has hurt Burbank’s jobs and businesses, its mayor says the city is carrying out a plan to help alleviate some of the financial damage.
Emphasizing that the full extent of the coronavirus’ economic impact remains to be seen, Mayor Sharon Springer noted in a phone interview that she expects some of Burbank’s small businesses to close permanently due to economic hardship. At the same time, she highlighted some resources that the city believes could help those struggling monetarily.
Springer pointed to the city’s Economic Recovery Plan, a document approved by the City Council in May that outlines several policies to help Burbank withstand the economic drought brought on by the pandemic.
Many of the points listed in the plan are aimed at promoting local businesses and disseminating information. For example, the city is using social media to advertise webinars that offer tips and strategies to businesses trying to weather the economic storm, and the plan also notes that businesses should be kept aware of shifting health orders that may impact their operations.
“I think a major benefit of that is to let our community know what is opening, what’s the timing on it, because everybody is just so ready to go out,” Springer explained by phone. “But we must be careful.”
Some provisions are more material. Applications for a rental assistance program offering residents impacted by the pandemic up to $800 a month for up to three months were available June 22 until Friday. And a program giving loans of $5,000 to $10,000 to small businesses is taking applications until July 10. Continue reading “City Striving to Reduce Pandemic’s Economic Fallout, Mayor Says”