Hollywood BusinessSource Center Guides Entrepreneur with SBA Loan
The Hollywood BusinessSource Center helped the owner of ASAP Moulding refinance several high interest rate loans and obtain a $750,000 Small Business Administration (SBA) loan that will allow the business to retain 13 employees and hire five additional employees.
Neal Bartlett, owner the Canoga Park-based ASAP Moulding, was referred to a Hollywood BusinessSource consultant about refinancing several high interest loans into one SBA guaranteed loan.
After meeting with a Hollywood BusinessSource consultant, it was determined that high interest rates combined with high monthly payments were limiting the ability of the business to grow. Neal worked closely with a Hollywood BusinessSource consultant for several months as part of the refinancing effort.
EWDD-Supported Fashion Incubator Selected for Los Angeles Tech Week
Grid 110, a fashion technology incubator funded with support from EWDD, recently celebrated a trio of accomplishments:
Grid 110 was selected for the Talent Cultivator category for Los Angeles Tech Week November 13-15, 2017
Reel, a recent Grid 110 program grad and company that allows shoppers to purchase items in installments, was selected as a Rising Startup for Los Angeles Tech Week
Giggle Chips, a company that designs toys and games designed to teach families about Science, Technology, Engineering and Math and whose founder is a participant in Grid 110’s Idea to Prototype Program, competed on ABC’s Toy Box Show on November 12, 2017
South LA BusinessSource Center Helps Entrepreneur Open Mobile Shop
The South Los Angeles BusinessSource Center assisted an entrepreneur with finding a solution to continue his family business by opening a mobile bike repair service.
Aaron Flournoy’s family had run Bill’s Bike Shop at the corner of Hoover and Jefferson in South LA for 40 years. In honor of his father, Aaron opened Lil Bill’s Bike Shop.
When Aaron received news he was losing his location, he met with EWDD officials who directed him to the South Los Angeles BusinessSource Center, run by the Vermont Slauson Economic Development Corporation, a EWDD partner.
Twenty people graduated from the Los Angeles Valley College LA Fellows Program on October 27, 2017, a nine-week job training and professional development program that allows participants to share their expertise at local nonprofit organizations while seeking full-time employment.
Approximately 430 people have completed the program. On average, participants are in their early 50s and have been unemployed or underemployed for 31 months. Participants come from an array of job fields including: education, mental health, finance, human resources, technology, entertainment, and nonprofit.
“You’re going to have a big impact on a lot of people’s lives,” she said at the graduation ceremony, held at Los Angeles County Metropolitan Transit Authority (Metro) headquarters in Downtown LA. “It’s a chance to have your lives intersect. For all the times when I’ve been on public transportation, when people are nice to me, people always remember that.”
For two of the graduates, the 70-hour training program not only provided a chance to become a Metro bus operator, it represented a mid-life opportunity to pursue a new career with room for advancement.
Resumes Ready to Go! “Avenues to Success” Job Readiness Fair
Fifteen individuals received one-on-one resume coaching and interview training at the “Avenues to Success” Job Readiness Fair, the City’s first event of its kind for the Transgender community.
“One hundred percent of attendants walked out with a resume,” said Diana Feliz Oliva, Secretary and Chair of the Employment and Job Readiness Committee of the City of Los Angeles Transgender Advisory Council, organizers of the event.
The fair was held Friday October 27, 2017 at Vernon-Central WorkSource Center at Los Angeles Trade Technical College (LATTC). Participants were primarily preparing resumes for jobs in retail, food service or customer service, Diana said.
West Valley BusinessSource Center Guides Astor Printing
The West Valley BusinessSource Center (WVBSC) provided long-term guidance to an entrepreneur, ultimately helping him become the owner of Astor Printing, in Northridge, where he had worked for nearly 30 years.
In April 2017, Salvador Najarro came into the WVBSC to ask for preliminary information about business services, workshops and to discuss the possibility of purchasing a business.
The center provided a one-on-one consultation, assistance with how to apply for a business license and permits. In addition, Salvador inquired about how to apply for a business loan.
South Valley YouthSource Center Celebrates Fall Grand Opening
Nearly 50 youth, city and community leaders, and Goodwill staff celebrated the ribbon cutting event at the grand opening ceremony for the South Valley YouthSource Center on October 26th, 2017.
EWDD General Manager Jan Perry attended and provided remarks.
The Panorama City Center, managed by EWDD partner Goodwill Southern California, will provide educational and employment services to at-risk youth between the ages of 16 to 24 who face challenges including re-entry and foster care. Services will include work experience opportunities, case managers who can assist with career curriculums, and workshops focused on building resumes, interviewing skills, and financial literacy.
15 People Hired from Hollywood WorkSource Hotel Job Fair
Fifteen people were recently hired to work at several Los Angeles area luxury hotels after a successful hospitality job fair held by the Hollywood WorkSource Center on Friday, October 20, 2017.
EWDD partner Managed Career Solutions (MCS), held the targeted recruitment event after identifying an employer need in anticipation of several hotels opening in the next few months in West Hollywood.
After being prescreened and receiving interview preparation from MCS, approximately 60 job seekers met with and provided resumes to representatives from Kimpton La Peer, W Hollywood, Palisociety, Beverly Hills Hotel, Hotel Bel Air, Jeremy West Hollywood and The Hollywood Hotel.
VSEDC Hosts 4th Annual Hispanic Enterprise Business Summit
The Vermont Slauson Economic Development Corporation (VSEDC) held its fourth annual Hispanic Enterprise Business Summit on Wednesday, October 18, 2017 at the La Paloma Mercado Conference Center in South Los Angeles.
EWDD Senior Project Coordinator Richard Pallay delivered a speech on resilience and an overview of the services available at EWDD’s BusinessSource Centers for small businesses, including information on access to capital.
Attendees also gained tips on social media, marketing and guidance on where to obtain legal assistance for their businesses.
North Valley BusinessSource Helps Entrepreneur Expand Insurance Business
The North Valley BusinessSource Center has steadily helped Pacoima insurance agent John Hernandez with his business, beginning with his grand opening in 2010 to his recent growth and expansion efforts.
The North Valley BusinessSource Center guided John to obtain a co-working space in the facility’s Entrepreneur Center, which provided additional space for John to meet with larger groups of clients and partners.
In September 2017, John hosted educational presentations for the community with marketing assistance from the North Valley BusinessSource Center.
Community Outreach – EWDD Hosts Booth at Taste of Soul Festival
EWDD staff and partners returned to the popular Taste of Soul Family Festival on Saturday, October 21, 2017 to promote the job training and business services available at EWDD’s YouthSource, WorkSource and BusinessSource Centers.
EWDD participates in community events throughout the year to increase awareness about the City’s YouthSource, WorkSource and BusinessSource centers. This year, EWDD shared a table with partners Coalition for Responsible Community Development (CRCD), Asian American Drug Abuse Program, Inc. (ADAP), the United Auto Workers (UAW), and the Housing Authority of the City of Los Angeles (HACLA).