CALIFORNIA | LOCAL
August 13, 1993 | JAMES MAIELLA JR., SPECIAL TO THE TIMES
The Simi Valley City Council may offer a higher financial incentive to entice a major music and video tape firm to move a distribution warehouse to the city from Chatsworth, Mayor Greg Stratton said Thursday. The City Council on Monday will consider waiving an extra $63,000 in fees and costs for Warner/Elektra/Atlantic Corp. because company executives complained about the offer of only $105,000 in incentives and have promised to bring more jobs to the area than initially estimated.
CALIFORNIA | LOCAL
March 10, 1995 | AARON CURTISS, TIMES STAFF WRITER
Los Angeles will face ever larger municipal financial problems over the next two decades unless thousands of jobs are created to keep pace with a steady increase in population, a panel of economists and urban planners concluded Thursday. Speaking to the Los Angeles City Planning Commission, the panel also agreed that city budgets could be in danger of running deficits of $125 million to $182 million a year if the city's industries continue moving to suburban cities and other states.
BUSINESS
January 17, 1996 | JAMES FLANIGAN
A lot of government programs for poor communities begun in the lifetime of the Rev. Martin Luther King Jr. are being cut back now. But organizations born in that time go on and, indeed, are finding new ways to grow here in Southern California. Watts Health Foundation has bought a majority stake in Family Savings Bank with the aim of tapping and supporting economic opportunities in South-Central Los Angeles and other neighborhoods.
BUSINESS
November 7, 1995 | MARTHA GROVES and EALENA CALLENDER and EMI ENDO, TIMES STAFF WRITERS
Los Angeles loses a prestigious corporate headquarters but celebrates the prospect of retaining thousands of jobs. And First Interstate customers can still expect to bank at their favorite branch--and get more direct-mail pitches for credit cards. These are among the likely effects if the proposed merger announced Monday between First Interstate Bancorp and First Bank System Inc. of Minneapolis ultimately takes place.
CALIFORNIA | LOCAL
March 14, 1996 | JILL LEOVY, SPECIAL TO THE TIMES
Winners call it "recruitment." Losers call it "poaching." It's the practice of luring companies away from rival locales to capture jobs, and it's hard to find a Los Angeles company that hasn't been courted. Now, L.A. is fighting back. Councilwoman Laura Chick wants the city to provide a package of tax breaks to entice new businesses. She favors giving tax rebates to companies based on the number of jobs they bring to L.A. or create through expansion.
BUSINESS
March 3, 1996 | JESUS SANCHEZ, TIMES STAFF WRITER
Amid the decay of a derelict factory, a small group of community and business leaders gathered in September 1993 to announce one of the largest post-riot efforts to funnel jobs and investment into south Los Angeles. The fledgling Neighborhood Beverage Co. pledged $28 million to reopen the former Seven-Up bottling plant on Alameda Street, south of downtown Los Angeles, and hire as many as 250 residents from the neighboring Pueblo del Rio housing project.