L.A. stories of inspiration and success

L.A. stories of inspiration and success

Celebrating its grand opening on May 31, 2022, the Southeast Los Angeles BusinessSource Center marks the first center to serve the Southeast LA small business community
On May 31, 2022, the Southeast Los Angeles BusinessSource Center (BSC) celebrated its grand opening. The addition of the Southeast LA BSC expands EWDD’s BusinessSource Center network to 10 locations and marks the first BSC to serve the Southeast LA community.

The center’s day-to-day operations will be led by the EWDD partner, Coalition for Responsible Community Development (CRCD). In his opening remarks, CRCD President and Chief Executive Officer Mark Wilson said that the Southeast LA BSC will contribute significantly to the success of businesses located on the historic Central Avenue corridor and the greater community.

“What this center now represents is the future of Southeast Los Angeles, the future of providing businesses with new resources and the future of how this community will thrive forward by ensuring that its businesses are thriving as they should be,” he said.

EWDD General Manager Carolyn Hull said that CRCD’s strong roots in Southeast LA will allow the organization to leverage its network to connect and support businesses in this community, especially as they bounce back from the economic downturn caused by COVID-19.

“CRCD will bring much needed services and resources to businesses in Southeast LA. They will allow entrepreneurs to launch businesses or assist existing businesses to grow revenue, infuse capital or take other measures to ensure a sustainable economic recovery,” she said.

CRCD also oversees EWDD's Vernon Central WorkSource Center and the South LA YouthSource Center.

In his remarks, Councilman Curren D. Price, Jr. (Council District 9) shared how he once owned a print shop, which went out of business within five years. He emphasized the importance of learning business basics, such as developing a business plan in order to survive. The opening of the Southeast LA BSC will strengthen both new and established businesses, he said.

“Having centers like this is important because it’s about opportunity and it’s about equity. We want to make sure that businesses in the 9th get a chance, get a push and those that have been making it the last 10, 15 years, that they get a boost.”

EWDD’s network of 10 BusinessSource Centers offer various levels of assistance to microenterprises, small businesses as well as aspiring entrepreneurs in the City of Los Angeles as a way to revitalize the local economy by providing services and resources to help business owners launch viable businesses, grow revenue streams, stabilize, and create jobs.

This story is part of the EWDD UPDATES from the week of June 6, 2022. Read this issue and more.

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