August 20, 1996 |
Three years ago, Mary Flowers hired welfare recipients to fill entry-level jobs and to get tax credits for her fledgling prefabricated construction company in Pomona. Now, with sales expected to reach $2 million this year, Flowers says Sturdy Quick Building Systems is too successful to take on such help anymore. "We're growing and we have no time to train," she said. Hiring people on welfare is "not as easy as it seems. Usually the skills are not in place."
June 11, 1996 |
A handful of California investment attorneys, concerned about the lack of capital for small companies, is gaining influence as a lobbying voice for small business. The 3-year-old California Capital Access Forum can already tally far-reaching changes in securities law that it helped put into effect this year. It has the ear of such notables as Securities and Exchange Commission Chairman Arthur Levitt and Jere Glover, head of the Small Business Administration's Office of Advocacy.
February 13, 1996 |
While California's big banks have captured headlines with pending mergers and promises to do more small-business lending, hundreds of small- and mid-size banks have been quietly giving out more than half the dollars loaned to small businesses in the state. Last year, small banks loaned $2.4 billion to small businesses, while the eight major California banks loaned $1.9 billion, according to a new study by the federal Small Business Administration.
June 12, 1995 |
Patty Shaw, chief financial officer of a Torrance technology firm that bends light for communication purposes, is in the nation's capital today with a goal. As a California delegate to and exhibitor at the White House Conference on Small Business, Shaw wants to ensure that small high-tech companies don't get lost among the 1,790 delegates and 90 exhibitors expected here this week.
March 27, 1995 |
Earlier this month, Bank of America trumpeted a loan it had awarded, the first of its kind in the country. It was not a megabucks deal for international corporate expansion, but a $51,000 start-up loan under a new federally backed loan program to the owners of Loubara's, an 18-table restaurant in San Diego. A few days later, Wells Fargo publicly declared its intention to lend $550 million this year to small businesses in Los Angeles.
August 2, 1994 |
Small businesses in California cannot be sued for age discrimination under current law, the California Supreme Court held unanimously Monday. The court, reviewing an Orange County case, said the only state law that prohibits such discrimination, the Fair Employment and Housing Act, exempts employers with fewer than five workers. "We conclude that there presently exists no 'fundamental policy' which precludes age discrimination by a small employer," Justice Marvin Baxter wrote.
May 24, 1994 |
In an action that may affect the price and availability of insurance for small businesses, a Woodland Hills-based insurer filed suit against four out-of-state competitors and their California brokers, accusing them of illegally selling cut-rate coverage in California. Crusader Insurance Co.
April 23, 1994 |
Kathleen Brown put on two hats Friday, as the state's treasurer and a Democratic candidate for governor, to kick off a new government program for small businesses that helps fulfill her campaign pledge to create 1 million new jobs. The goal of the California Capital Access Program is partly to help fledgling companies get an early boost by making small-business loans easier to obtain.
March 20, 1994 |
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.