Business ⋆ The Palm Springs Post

Latest city report shows cannabis business continues to struggle

By Kendall Balchan ● City Hall ● September 27, 2023

In fiscal year 2020/2021, retail cannabis tax revenue in Palm Springs was $4.4 million. In the 2021/2022 fiscal year, that number was $4.1 million. In the current fiscal year, revenue sits at $3.2 million.

Latest in Business

Airport officials announce major changes to dining, shopping options

By Post Staff ● Business ● August 29, 2023

To minimize disruptions, there will be temporary shopping and dining kiosks to ensure passengers still have options when the airport facilities are undergoing construction.

Councilmember floats idea of downtown ambassador program modeled after those in place in larger cities

By Kendall Balchan ● City Hall ● August 15, 2023

An exploratory committee that would include business representatives, the police department, and various Palm Springs departments with downtown responsibilities could be the next step.

Vacation rental owners surprised by proposed state tax aimed at their properties; city officials fear it could negatively impact local economy

By Kendall Balchan ● Business ● June 8, 2023

Senate Bill 584 would impose a 15% tax on short-term rentals for stays 30 days or less. Its aim is to help the housing crisis. Some predict it would hurt the Palm Springs tourism industry.

A chef smiles at the camera while pulling a pizza out of a stone pizza oven

Restaurant Week, which kicks off Friday, is a win for diners and local restaurants

By Kendall Balchan ● Events ● May 30, 2023

More than two dozen Palm Springs favorites will participate, including Lulu California Bistro, Grand Central, Workshop Kitchen + Bar, Spencer’s and Zin American Bistro.

Still seeing Styrofoam used in Palm Springs? Here’s why, and what city officials might do next

By Kendall Balchan ● Business ● March 28, 2023

While the ordinance banning food ware made with plastics and polystyrene went into effect more than a year ago, some restaurants remain out of compliance.

Owner of Gay Desert Guide, KGAY 106.5 debuts new station following purchase of Channel Q

By Post Staff ● Business ● March 8, 2023

MeTV Music will play a mix of familiar songs and deep tracks from landmark albums from the ’50s through ’80s.

Palm Springs bank closures imminent but limited

By Kendall Balchan ● Business ● February 28, 2023

Wells Fargo at Smoke Tree Commons and Bank of America at nearby Smoke Tree Village are both closing permanently. That has some residents, as well as employees at nearby banks, worried.

Next generation of Coachella Valley business leaders begins to ‘EMERGE’ in Palm Springs

By Mark Talkington ● Business ● February 26, 2023

Backed by the Palm Springs Chamber of Commerce, an initiative called EMERGE Palm Springs kicked off at an event that saw dozens of younger business professionals from throughout the valley attend.

‘Drift’ plans mid-March opening, looks to compete for Airbnb users’ dollars

By Post Staff ● Land Use & Development ● February 23, 2023

Ground was broken on the project four-and-a-half years ago, but it didn’t really start to take shape until last year. That’s when it first caught the attention of locals as steel beams were lifted put into place.

Seeking to protect classic downtown bank building, city agrees discussions with owner about Class 1 designation need to come first

By Mark Talkington ● City Hall ● February 14, 2023

The single-story building on South Indian Canyon Drive formerly housed Security First National Bank. It’s well known for the terra-cotta bas-relief panels that adorn its exterior.

Milestone moment marked for city business as new owner looks to revitalize brand, classic building’s lobby

By Post Staff ● Business ● February 7, 2023

The car wash structure was designed in 1956 by architect William Cody, known for designing homes, hotels, and other buildings during the peak of the Modern Architecture Movement.