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<br />2 <br /> <br /> Executive Summary <br />The City of South Bend was recovering from the economic downturn compounded by COVID-19 and business growth. Inflation <br />slowly started to invade our community in the Spring of 2021. The cause of Inflation can be attributed to the reopening of the <br />economy, which led to greater consumer demand and supply chain constraints. The supply chain shortage caused a domino effect on <br />the local businesses having difficulty finding the materials and labor necessary to manufacture their products. This reduction in supply <br />and increased consumer demand significantly impacts the spike in demand. The new variant Omicron could be another potential <br />reason production and shipping backlogs have grown. Omicron and COVID-19 variants cause issues in the ability to plan daily <br />functional activity because workers may test positive, which forces companies to a temporary shutdown. <br />Governor Holcomb stated COVID-19 remains a challenge and an ongoing health crisis during the Annual State of Address. The <br />governor faces challenges from fellow Republicans pushing one proposal to exempt businesses from workplace COVID-19 <br />vaccination requirements. Health officials in St. Joseph County are optimistic about the coronavirus pandemic omicron wave but urge <br />community residents to be vigilant as hospitals recover from the surge of patients admitted for positive testing results. Deputy Director <br />Mark Fox said, "while positive cases had plateaued around 1,100 to 1,200 cases per 100,000 residents over seven days in early <br />January, that number has fallen by about 25%." Hospital rates have decreased in the Michiana Region and trending down with positive <br />COVID-19 patients. <br />Mayor James Mueller responded to the COVID-19 challenges and dealt with adversity to strengthen our community. The Community <br />Investment Team awarded 135 Innovation Grants to support locally owned restaurants, set up emergency isolation and quarantine <br />center, and received a $7.7 million competitive grant from the U.S. Economic Development Administration to support a new <br />revolving loan program for local businesses impacted by COVID-19. The Diversity & Inclusion Team spearheaded several recent <br />efforts in 2021, including the Small Business Launchpad held at the Charles Black Center and the implementation of B2Gnow, the <br />nation-leading diversity, procurement, and grant management software provider. The Office of D&I also hosted Minority and <br />Women-Owned Business Enterprise registration and certification training, Contract Compliance, and Vendor Registration Workshops. <br />Local vendors have taken advantage of the Small Business Launchpad and other resources provided by the Office of D&I. The <br />supportive services enable small businesses to participate in more contractual opportunities and develop partnerships with established <br />Prime Contractors.