L.A. stories of inspiration and success

L.A. stories of inspiration and success

(left to right) VSEDC BusinessSource Business Coach, Juan Reyna and Luis Gutierrez pose happily after successfully applying for permits for their LA City sidewalk vending businesses
The South Los Angeles BusinessSource Center (BSC) recently assisted longtime sidewalk vendors Juan Reyna and Luis Gutierrez with applying for permits required by the City of Los Angeles Sidewalk and Park Vending Program, which went into effect January 1, 2020.

Juan and Luis recently visited the South LA BSC, run by EWDD partner Vermont Slauson Economic Development Corporation (VSEDC) for information on complying with the new requirements of the program. At the center, a business coach helped them apply for a Business Tax Registration Certificate (BTRC), California Sellers Permits, and the StreetsLA Sidewalk Vendors Permit badges.

Jenny Zamora cuts the ribbon officially launching her new Panorama City business, Jenny’s Dog Grooming
Inspired by the entrepreneurial spirit of their mother, sisters Jenny and Christian (“Chris”) Zamora opened up their own respective dog grooming businesses with the help of the North Valley and South Valley BusinessSource Centers (BSCs).

“They are really helpful because they answer the questions that you don’t even know you have,” Jenny said. “You don’t even know that you need these types of licenses, you need this or that. They really do tell you what you need.”

EWDD’s Rapid Response team hosting an unemployment orientation for Forever 21 employees laid off following the closure of the Lincoln Heights deployment center
EWDD’s Rapid Response team recently provided transitional services to 580 warehouse workers impacted by the bankruptcy of fast fashion company Forever 21, which is shuttering its Lincoln Heights deployment center and relocating to Perris, CA.

EWDD, in partnership with the California Employment Development Department (EDD), Covered California, and the Los Angeles Unified School District Division of Adult and Career Education (DACE), held 40 orientations in 10 days to provide employees with information about how to apply for benefits such as healthcare, and unemployment and job training.

CEO of Primestor Development, Arturo Sneider discussing how Plaza Pacoima “became an economic engine for Pacoima and the local San Fernando Valley”
EWDD oversees several of the City of LA’s financing and development incentive programs designed to assist large and small businesses create jobs in distressed urban neighborhoods.

This article highlights the City’s Major Projects Loan Program, which offers long term, fixed-rate financing for large-scale real estate commercial development projects, including mixed-use developments and large shopping centers within the City of LA. These projects must provide a US Department of Housing and Urban Development (HUD) specific public benefit, such as

Mid-City BSC Business counselor Phuong Le (left) with fashion designer Joseph Hung (center)
The Mid-City BusinessSource Center recently helped fashion designer Joseph Hung obtain a $30,000 Small Business Administration (SBA) Microloan, allowing him to grow his business and fulfill several crucial orders.

Joseph, who has nine years of fashion industry experience, owns Downtown Los Angeles fashion brand Double Denim. In December 2019, Mr. Jung was referred to the Mid-City BusinessSource Center to help grow his company.

(left to right) Central West Region BSC Business Loan Counselor Phuong Le presenting Jean Kwon, owner of JK Law Firm, with a $100,000 SBA working capital loan
The Central West Region BusinessSource Center (BSC) recently helped long-term client Jean Kwon, Esquire, obtain a second $100,000 Small Business Administration (SBA) Community Advantage loan.

The infusion of additional capital enables her business JK Law Firm to hire three additional employees and build on 12 additional client cases. EWDD Updates first featured the JK Law Firm in December 2018 after Jean visited the Central West Region BSC in fall 2018 in search of ways to find funding to maintain business cash flow.

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