Destination Crenshaw – EWDD Provided $1.3M to Fund Three Projects
Approximately 1,500 people attended the Saturday February 29, 2020 groundbreaking ceremony for Destination Crenshaw, an open-air museum dedicated to celebrating the past, present, and future of Crenshaw, a South LA neighborhood referred to as LA’s “heart of African-American commerce.”
EWDD provided more than $1.3M in CRA/LA Excess Non-Housing Bond Proceeds toward the project, including: $1.2M toward the landscape, architectural, civil and structural engineering of the project, $119K toward Urban Design, Arts Coordination and Programming, and $30K toward the LAEDC Economic Development Analysis of the project.
Hollywood BusinessSource Center Helps Client Obtain $95K Loan, Creating Four Jobs
The Hollywood BusinessSource Center (BSC) recently helped long-term client Tyrone Auston obtain a $95,000 loan to refinance his business, Trinity Contracting Concepts, Inc., paving the way to create four new full-time jobs.
The Hollywood BSC has provided continuous assistance to Tyrone Auston since May 2019. After he was rejected for a $50,000 loan application, Tyrone reached out to the Hollywood BusinessSource for help. A business consultant provided Tyrone an introduction to profitability analysis and access to capital.
West Valley BusinessSource Helps Entrepreneur Open Children’s Language School
The West Valley BusinessSource Center (BSC) recently provided guidance to Ekaterina Evdokimova on the cultural tenets of entrepreneurship in the US, paving the way for her to open 2Belingual Language School in Encino.
After emigrating to the US from Russia, Ekaterina was interested in opening a Russian tutoring center for children as she found that most of the people from the post-Soviet Union wanted their children to preserve the Russian language. At a local Russian Business Women Event, Ekaterina met West Valley BSC business coach Elya Narinyan, who informed her about EWDD’s 16 BusinessSource Centers.
Vernon-Central/LATTC WorkSource Center Hosts the First LA:RISE Hiring Fair
Approximately 80 individuals attended and interviewed for jobs at the inaugural LA:RISE (Los Angeles Regional Initiative for Social Enterprise) Hiring Fair, held Thursday February 13, 2020 at the Vernon-Central/Los Angeles Trade-Tech College (LATTC) WorkSource Center (WSC).
The hiring fair is the first in a series of events tailored specifically for LA:RISE participants, a program geared toward helping individuals with high barriers to employment, including individuals experiencing homelessness, re-entry job seekers and
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.
EWDD BusinessSource Centers Help Two Sisters Launch Dog Grooming Businesses
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 Rapid Response Team Assists Former Forever 21 Employees
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.
Major Project Loans Program Paved Way for Plaza Pacoima
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
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.
BusinessSource Helps Law Firm Obtain $100K SBA Loan, Add 3 New Jobs
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.
First EWDD Microloan Recipient Opens Sushi Beluga Restaurant
East Los Angeles BusinessSource Center (BSC) client Cun Sang Chi, the first recipient of LA City’s Microloan program, recently celebrated the grand opening of his restaurant Sushi Beluga in Playa Del Rey.
The East Los Angeles BSC provided Mr. Chi with extensive business consulting services, including purchasing the restaurant from the previous owner, lease negotiations, and assistance obtaining the required licenses and permits with the City of Los Angeles and LA County’s Public Health Department.