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Small Business California

NEWS
March 20, 1994 | ROBERT A. ROSENBLATT, TIMES STAFF WRITER
Forty thousand workers at small California businesses will get an extraordinary piece of good news on Tuesday: At a time when health insurance costs are climbing by 6% to 8% a year, their premiums will actually be reduced for the year starting July 1.
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BUSINESS
January 2, 1994 | NANCY RIVERA BROOKS, This report was compiled by Times staff writer Donna K.H. Walters
SMALL BUSINESS: The longed-for California recovery will buoy the small-business sector first. Small companies, on the economic front-lines and more sensitive to small shifts in customer confidence and spending, will continue to keep the job market alive.
BUSINESS
August 30, 1993 | DONNA K. H. WALTERS, TIMES STAFF WRITER
In California, as in the rest of the country, small business is being asked to do an enormous job: spur economic growth. Small companies are indeed vital to job creation and economic expansion. And California--reeling from massive restructurings and downsizing in some of its biggest industries and corporations--certainly could use the help. But don't expect too much from small business, economists warn.
BUSINESS
August 17, 1993 | GREG MILLER, TIMES STAFF WRITER
California small businesses remain particularly gloomy about economic conditions, with only 6% considering this a good time to expand their businesses and nearly one-third expecting overall business conditions to worsen over the next three to six months, according to survey results released Monday.
BUSINESS
May 19, 1993 | THOMAS S. MULLIGAN, TIMES STAFF WRITER
Gov. Pete Wilson, proclaiming "a new way, a better way, a less-expensive way for small businesses to buy health insurance," on Tuesday unveiled California's state-run cooperative for purchasing medical coverage. The cooperative, regarded as a potential model for federal health reforms, is part of sweeping changes to take effect July 1 in the state health insurance laws governing small businesses.
NEWS
May 18, 1993 | THOMAS S. MULLIGAN, TIMES STAFF WRITER
Gov. Pete Wilson today will launch a promotional campaign for the nation's first statewide health insurance purchasing pool, a state-run venture designed to use market forces to deliver coverage to small businesses at reasonable rates. California's effort, which has raised skepticism over whether it can work, will be closely watched.
BUSINESS
April 21, 1993 | From Bloomberg Business News
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.
BUSINESS
January 8, 1993 | PATRICK LEE, TIMES STAFF WRITER
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.
BUSINESS
December 1, 1992 | ROBERT A. ROSENBLATT, TIMES STAFF WRITER
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.
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