Title
Recommendation on COVID-19 Economic Impact Relief Measures
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Recommend a COVID-19 Economic Recovery Package and forward to full Council for consideration.
Report
Issue:
Recommend possible relief measures for economically impacted businesses due to the COVID-19 virus.
Staff Contact:
Mike Reid, Economic Development Director, Community Planning and Development, 360.753.8591
Presenter(s):
Mike Reid, Economic Development Director, Community Planning and Development
Background and Analysis:
COVID-19 is already having an impact on the local economy seen through the cancellations of events, concerts, and performances. These cancellations of public gatherings are creating a ripple effect being felt through our hospitality, tourism, retail, restaurant, and entertainment industries. The City of Seattle has recently announced an Executive Order identifying components of a potential relief and support package for impacted businesses. Staff will present options that the City could implement to provide relief to economically impacted businesses.
Neighborhood/Community Interests (if known):
Significant interest by impacted businesses and their employees.
Options:
Options still being investigated at time of staff report publishing.
Financial Impact:
Financial impact is still in flux due to the evolving nature of COVID-19 impacts.
Attachments:
None