CORAL SPRINGS, FL – Coral Springs’ official unemployment rate is 4 percent, but is expected to climb from the financial toll of the coronavirus pandemic.
The city’s rate nearly doubled in March, from 2.8 percent in February to 4.1 percent last month, said Kristi Bartlett, director of economic development for Coral Springs.
In all, 3,054 people were unemployed in Coral Springs out of 74,164 in the labor force in March. The previous month, 2,113 people were unemployed out of 75,050 in the labor force.
In comparison, Broward County’s unemployment rate climbed from 2.9 percent in February to 4.2 percent in March.
“We know these numbers are going to go up,” Bartlett said.
In an attempt to keep unemployment numbers from skyrocketing, Coral Springs launched the “Connecting Local Businesses to Grants and Loans” program to help owners apply for state and federal loans and grants, and save jobs.
So far, 171 businesses signed up to work one-on-one with the city’s economic development and budget staffs in processing the applications.
“Connecting businesses to resources is something we can do,” Bartlett said.
The city’s Community Redevelopment Agency is also looking at programs to help businesses stay open and keep people working, she said.
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