August 6, 2010 |
Government-backed loans to small businesses were way up in the Los Angeles area over much of the last year, according to the Small Business Administration. During the nine-month period that ended June 30, lenders made 1,725 loans to small businesses in Los Angeles, Ventura and Santa Barbara counties, about 50% more than in the same period a year earlier. The dollar volume of those loans nearly doubled compared with the year-earlier period, to $850.8 million. The top SBA lender in the region during that period was Wells Fargo Bank, followed by Center Bank, JPMorgan Chase Bank, Superior Financial Group and CDC Small Business Finance Corp.
October 9, 2004 |
The high-rise market is looking up. Los Angeles County's business owners appear to be increasingly bullish about the future as they expand their offices to accommodate growth. Though office occupancy changed little across most of the nation in the third quarter, the county's vacancy rate tightened to an average of 15.5%, according to a survey by real estate services firm Cushman & Wakefield.
CALIFORNIA | LOCAL
July 13, 2001 |
Saying he wants to get the word out that Los Angeles is friendly to business, Mayor Jim Hahn on Thursday signed six tax-reform ordinances designed to entice more businesses and jobs to the city. The measures were drafted by a committee appointed by city officials two years ago and approved last month by the Los Angeles City Council.
June 30, 2001 |
A family-owned noodle maker agreed Friday to comply with the Los Angeles living-wage ordinance to secure City Council approval for a bond measure that will finance its expansion in South Los Angeles. The 12-0 vote came only after an amendment in which Wing Hing Noodle Co. agreed to comply with the wage ordinance, despite the fact that it was exempt from the law because no city funds are involved.
June 7, 2001 |
What will Los Angeles Mayor-elect James K. Hahn mean for business? It's too soon to tell, but from what Hahn and his advisors say, he will be a mayor who will push economic development--with breaks for small companies and an emphasis on boosting business in poor neighborhoods. Immediately, he will go for tax relief and cutting red tape on permits and licenses for business, according to the Hahn camp.
June 5, 2001 |
Since emerging from the depths of recession in the mid-1990s, the Los Angeles area's industrial real estate market had posted record levels of activity year after year--until now. Leasing rates have leveled off after climbing steadily for years. Tenants have postponed decisions and are shopping around more as space opens up. The volume of property being leased and sold has dropped sharply from last year's red-hot levels.