April 21, 1993 |
Bank of America said Tuesday that it will increase loans to small California businesses up to 25%--to $1.8 billion--in a program aimed at boosting the state's lackluster economy. The bank also plans to help small businesses by discounting financial services through May 31, speeding up loan processing and sponsoring small-business seminars.
January 8, 1993 |
Gov. Pete Wilson's proposals to cut taxes should help spur new investment and stimulate small businesses, but they won't end the state's persistent recession or reverse long-term trends siphoning jobs away from California, business leaders and economists say.
December 1, 1992 |
Don't tell Robert Sommers that the credit crunch is over. He's been scorned by more than 40 banks and thrifts in his desperate search for a lender to finance a $2-million project to build homes on half-acre lots in San Diego. Time was when bankers would ask the veteran builder to put up just $200,000, a mere 10% of the cost. Today, the loan officers shrug their shoulders, blaming tough federal rules when they insist that he contribute $800,000 as his share of the project.
October 26, 1992 |
Even in a cool economy, computers and health care are hot industries for small businesses, Forbes magazine says in its annual ranking of the nation's 200 best small companies. Hawking everything from software to peripherals, computer outfits took 36 spots on the best small companies list, which the twice-monthly business glossy released Sunday in its Nov. 9 issue. For the second year running, Forbes' top small company was Cambex Corp., a Waltham, Mass.
CALIFORNIA | LOCAL
October 7, 1992 |
Last week, the San Fernando Valley was the battleground for Gov. Pete Wilson's unusual war against the Democratic-controlled Legislature over workers' compensation reform. I knew it was war when I heard Wilson speak to about 200 owners of comparatively small businesses at the Precision Dynamics Corp. plant in San Fernando. I've observed four previous governors--Pat Brown, Ronald Reagan, Jerry Brown and George Deukmejian.
September 28, 1992 |
Ade Eitner got quite a shock from his small manufacturing company's June electric bill, which took a 55% jump from the previous month and has stayed in the same lofty neighborhood. Village Covenant Church in Azusa saw a doubling of its electric bills. "Our bills have never, ever been this high," said Gene Palmer, a member of Village Covenant's church council. "It's very difficult."
April 14, 1992 |
Gov. Pete Wilson declared his opposition Monday to a comprehensive overhaul of the state's health insurance laws, throwing his support behind a series of proposals he predicted would make small businesses more likely to insure their employees. Wilson rejected plans proposed by the California Medical Assn.
January 7, 1992 |
For 10 years, Martha's Cafe had this part of the Mojave Desert almost all to itself. It stands 25 miles east of Barstow on what was California 91, once the main Los Angeles-to-Las Vegas road, and it was a popular stop for motorists. Then, in 1962, Interstate 15 was opened. California 91 was virtually abandoned. Whole stretches of it just disappeared. "The new freeway robbed me of my highway trade," sighed 86-year-old Martha Linden, who stands a lively 5 feet 2 inches and weighs 185 pounds.
July 17, 1991 |
The number of Californians without medical insurance grew from about 5.2 million to almost 6 million during a recent three-year period, and almost 90% of the uninsured are people who work for a living and their families, according to a UCLA study released Tuesday. The report by the UCLA School of Public Health analyzes the swelling ranks of medically uninsured Californians at a time of mounting public concern about the problem but little legislative momentum toward a solution.