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Axios' Kendall Baker and Long Beach City Mayor Robert Garcia (R). Photo: Axios

Long Beach, California has created a $5 million fund in order to dole out thousands of dollars in grants to gyms and other personal care businesses that are struggling during the coronavirus pandemic, Mayor Robert Garcia said at an Axios virtual event on Tuesday.

Why it matters: "It's critical that we support them. We don't want to lose this critical piece of our economy," Garcia said, adding that many gyms in the area are small businesses that have "been hardly hit by this pandemic."

What they're saying: "We know that for most of them, they had serious closures that occurred over the summer. Right now in Long Beach and in California, many remain closed and some are able to operate outside so that the state does allow outdoor training, of course [with] safety protocols in place and distancing," he said.

  • "So this is an industry that's been hit very, very hard and in a place like Long Beach or Los Angeles or other places like San Francisco and others, you also have a diversity of folks that are running these operations."
  • The fund will likely grow, Garcia said, and the city plans to provide grants from $25k to $40k "directly to these gyms so they can bridge those months they've been closed on the rent" or have money to reopen.

Watch the full event here.

Go deeper

Help wanted: Rescue NYC

Illustration: Sarah Grillo/Axios

More than 30 candidates — including boldface names like Andrew Yang — are either running or considering a run for mayor of New York, a job that will involve saving a critically wounded city.

Why it matters: Not only will the next leader help determine if Gotham retains its status as the financial, shopping, dining and glamor capital of the world, but the decisions that mayor makes could guide other leaders as they chart courses of recovery.

27 mins ago - Politics & Policy

Scoop: Joe Biden's COVID-19 bubble

Photo illustration: Aïda Amer/Axios. Photo: Joe Raedle/Getty Images

The incoming administration is planning extraordinary steps to protect its most prized commodity, Joe Biden, including requiring daily employee COVID tests and N95 masks at all times, according to new guidance sent to some incoming employees Tuesday.

Why it matters: The president-elect is 78 years old and therefore a high risk for the virus and its worst effects, despite having received the vaccine. While President Trump's team was nonchalant about COVID protocols — leading to several super-spreader episodes — the new rules will apply to all White House aides in "high proximity to principals."

Justice Department drops insider trading inquiry against Sen. Richard Burr

Sen. Richard Burr (R-N.C.) walking through the Senate Subway in the U.S. Capitol in December 2020. Photo: Stefani Reynolds/Getty Images

The Department of Justice told Sen. Richard Burr (R-N.C.) on Tuesday that it will not move forward with insider trading charges against him.

Why it matters: The decision, first reported by the New York Times, effectively ends the DOJ's investigation into the senator's stock sell-off that occurred after multiple lawmakers were briefed about the coronavirus' potential economic toll. Burr subsequently stepped down as chair of the Senate Intelligence Committee.