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Valley Economic Development Center

CALIFORNIA | LOCAL
July 23, 1997 | DARRELL SATZMAN
The Los Angeles City Council on Tuesday approved a plan that would use federal earthquake-recovery funds to finance a regional small-business assistance center in the Valley. The program calls for the Valley Economic Development Center to receive a $950,000 grant to run the program for 27 months. It must receive final approval from the U.S. Department of Commerce. The VEDC currently operates neighborhood business assistance centers in Pacoima, Van Nuys and Northridge.
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CALIFORNIA | LOCAL
April 13, 1997 | DAVID S. HONDA, David S. Honda is president of D.S. Honda Construction Co. He is a past president of the United Chambers of Commerce of the San Fernando Valley, a founder and former co-chair of the Valley Economic Alliance and chairman of the Valley Economic Development Center Inc
The view that Los Angeles is developing into an "artisan economy" and becoming a "corporate banana republic," as expressed in a recent column by Joel Kotkin, although perhaps startling to some, came only as confirmation of accepted knowledge to many in the San Fernando Valley. The diminishing list of corporations claiming the Valley as headquarters and the growth of small companies forming an economy of artisans has been the economic direction of the Valley for decades.
CALIFORNIA | LOCAL
January 19, 1996 | KATE FOLMAR
Twenty-four San Fernando Valley businesses and their owners were lauded for perseverance despite hardship at the Valley Economic Development Center's Phoenix Awards Wednesday. The honorees included: * Brian Sheehan of the Eclectic Cafe in North Hollywood, whose business suffered twice--damaged by the Northridge earthquake and all but obscured by MTA construction. Relying on his personal savings and credit cards, Sheehan kept the cafe afloat.
CALIFORNIA | LOCAL
March 5, 1995
The phrase "eliminate the middle man" has been used so commonly that it has reached cliche status. But there are times when the intermediaries are important and deserve recognition. This time, it's the Valley Economic Development Center. You may recall, from last Sunday, our Valley Perspective editorial that noted a $205,000 loan from a U.S. Commerce Department program to De Leon Enterprises of Pacoima. The loan program was important for two reasons.
CALIFORNIA | LOCAL
March 1, 1995 | TIM MAY
The Pacoima Business Assistance Center has expanded its hours and is now open five days a week. Free business and financial consulting services are available from the center to merchants who own businesses in Pacoima and to entrepreneurs planning to open businesses in the Pacoima Enterprise Zone. The center, operated by the nonprofit Valley Economic Development Center, is funded by the city's Community Development Department.
BUSINESS
January 24, 1995 | RUTH SHAER, SPECIAL TO THE TIMES
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.
BUSINESS
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.
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