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July 14, 1999 | JEFFREY GETTLEMAN, TIMES STAFF WRITER
The Valley Economic Development Center has been praised by politicians and executives citywide for turning around thousands of small businesses and helping rejuvenate down-and-out commercial areas from Ventura to Compton. But the nonprofit organization, which is headquartered in Van Nuys, is trying to recover from a recent controversy in which it brokered a $1.2-million investment from a Tokyo investor in a small business in Canoga Park.
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BUSINESS
July 14, 1999 | JEFFREY GETTLEMAN, TIMES STAFF WRITER
The Valley Economic Development Center has been praised by politicians and executives citywide for turning around thousands of small businesses and helping rejuvenate down-and-out commercial areas from Ventura to Compton. But the nonprofit organization, which is headquartered in Van Nuys, is trying to recover from a recent controversy in which it brokered a $1.2-million investment from a Tokyo investor in a small business in Canoga Park.
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