July 14, 1999 |
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.
February 8, 1994
The Valley Economic Development Center, together with Valley area chambers of commerce, has opened six centers to help business owners seeking earthquake relief get loans from the federal Small Business Administration. So far, the SBA has received more than 42,000 requests for disaster-loan applications, according to John J. Rooney, VEDC president.
CALIFORNIA | LOCAL
November 4, 1998 |
A privately funded new program that will help match people with jobs will start Thursday. The Work Force Development Initiative will operate out of five Pacoima schools and have five bilingual career coaches, said Mario Matute, the initiative's manager at the Valley Economic Development Center, which is funded by grants from a nonprofit group that provides assistance to small businesses.
CALIFORNIA | LOCAL
March 5, 1995
The phrase "eliminate the middle man" has been used so commonly that it has reached cliche status. But there are times when the intermediaries are important and deserve recognition. This time, it's the Valley Economic Development Center. You may recall, from last Sunday, our Valley Perspective editorial that noted a $205,000 loan from a U.S. Commerce Department program to De Leon Enterprises of Pacoima. The loan program was important for two reasons.
March 17, 1999 |
Now that her kids are growing up, designer Terri Becker has decided it's time for her shop, Enchanted Child, to do so too. The dress shop has always been what consultants call a "lifestyle business," allowing Becker a creative outlet and time for her young children but not much in the way of money. "Time is of the essence," said Becker, 42, who opened the shop in downtown Covina near her kids' school seven years ago. "If it doesn't make money soon, then I need to drop it."
July 15, 1994 |
Quake-damaged businesses--even those that have been denied loans by the Small Business Administration--may be eligible to receive money and help with their debts under a $30-million federal program outlined Thursday by Commerce Secretary Ronald H. Brown. "The funds will fill a financial void created by the Northridge earthquake," Brown said. "Small businesses will be able to access the necessary capital that is at the center of their recovery and expansion plans."