Support and invest in local businesses and nonprofits.
Nonprofit safety net providers are struggling to meet increasing demand in a dynamic and unpredictable environment.
- Community events paused which were major fundraisers.
- Challenge of reaching hard-to-reach community members.
- Changing donor interests and funding.
- Increased demand; extent of need not fully known.
- Some nonprofits enjoy greater community support than others.
- Changing population, lack of connection to place.
- Capacity issues (staff with right skill sets).
Small businesses are vital to our local economy and have been most adversely impacted by the pandemic.
- Changing restrictions and regulations.
- Lack of awareness about investing locally.
- Lack of planning and preparation.
- No financial cushion or reserves.
- Changing consumer needs.
- Difficulties with government funding.
- Lack of digital presence.
- Lack of access to credit.
- Develop a small business assistance center at the Chamber of Commerce.
- Develop a community lending strategy which includes an assessment of borrower needs, capital gaps and appropriate lending options.
- Continue to develop a more coordinated and integrated approach among Coastside nonprofits providing safety net services for the most vulnerable individuals and families.
- Increase and strengthen capacity of Coastside safety net providers to connect vulnerable residents to rental, financial and other public benefits assistance for which they may be eligible.
Research & Implementation
The Coastside Recovery Initiative is actively researching and seeking solutions to implement the recommendations.