January 24, 1995 |
Convinced there was still money to be made in the Southern California aerospace industry, a few years ago French entrepreneur Michel Szostak raised $1 million from an investor friend in France and started a small airline fastener company in Sylmar. He purchased the machines he needed to make the little bolts that help hold aircraft engines together and opened M.S. Aerospace in June, 1992. The company thrived until the Northridge earthquake last January.
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.