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Unique Programs to Help Rancho Cordova Businesses

Post Date:05/22/2020 10:30 AM

Businesses throughout the Rancho Cordova community are feeling the impacts of COVID-19/coronavirus. In an effort to ensure Rancho Cordova businesses have direct access to professional assistance during this time, the city has developed unique programs to ensure they are getting access to the tools they need.

“We want our businesses to know that we care deeply about their future and that we are here for them,” said Amanda Norton, Economic Development Manager for the City of Rancho Cordova. “Our team has worked hard to get our businesses access to the tools they need as quick as possible in this evolving situation,” she added.

All of this information and more is available on our business resource page at CityofRanchoCordova.org/coronavirus:

Free Business Consultation Services

The City of Rancho Cordova and the Rancho Cordova Chamber of Commerce are teaming up with professional business consultants to form the Rancho Cordova Business Action Team. This team is now offering free consultation services to businesses in Rancho Cordova. Schedule an appointment to speak with a professional business consultant by contacting the city’s Economic Development team at EconDev@cityofranchocordova.org.

Emergency Investment and Relief Program

The Rancho Cordova City Council approved $1 million in funds for very low-interest loans to local businesses affected by COVID-19/coronavirus. The city partnered with Lift Investing to direct $1 million of its existing investment accounts into a community financial institution that will provide low-interest loans with deferred principal and interest payments for the first three to six months to local businesses to help them retain or create jobs.

Temporary Moratorium on the Evictions of Residential and Commercial Tenants

On March 27, 2020, the City Council voted in favor of halting evictions for residential and commercial tenants during this crisis. Learn more about this moratorium at CityofRanchoCordova.org/coronavirus.

Open for Business List

The city has created a list of businesses that remain open in Rancho Cordova to encourage our community to buy local. The list is available at CityofRanchoCordova.org/coronavirus.

Business Toolkit

The city has compiled information about local, state and federal resources that are available to businesses affected by COVID-19 in one comprehensive resource toolkit. Access the toolkit online at CityofRanchoCordova.org/coronavirus.

Learn more about these programs at CityofRanchoCordova.org/coronavirus or sign up for regular updates at CityofRanchoCordova.org/ENews. Follow the city on social media on Facebook, Twitter, Instagram, Nextdoor and LinkedIn.

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