South Valley BusinessSource Helps Beauty Salon Obtain $30K EIDL Loan
The South Valley BusinessSource Center (BSC) helped Cecilia Quiroa obtain a $30K federal loan, which helped her reopen her business, Cecy’s Beauty Salon, while adhering to new health and safety standards due to COVID-19.
After owning her Northridge-based beauty salon for nine years, Ms. Quiroa closed her beauty salon in March following the Safer At Home orders. She approached the South Valley BSC for help on how to survive the financial setbacks caused by COVID-19.
Mid-City BusinessSource Helps Local Ramen House Secure Loans & Rehire Staff
Helping Small Businesses Survive COVID-19
The Mid-City BusinessSource Center helped long-time client Colin Fung (left) successfully secure two Federal SBA loans totaling $145,332, allowing him to rehire 18 employees across his three Tamashii Ramen House restaurants in North Hollywood, Sherman Oaks and Studio City.
North Valley BusinessSource Helps Fitness Business Receive Microloan
Helping Small Businesses Survive COVID-19
The North Valley BusinessSource Center helped Angelino Community Fitness owners Karlos Ramirez and John Thyne obtain funds from the City of Los Angeles Small Business Emergency Microloan Program, which allowed them to pay a large portion of their commercial rent and retain 3 full time employees and 1 part time employee.
Vernon-Central/LATTC WorkSource Center Helps Client Enter Construction Trade
Assisting Job Seekers During the Coronavirus
The Vernon-Central/Los Angeles Trade Technical College WorkSource Center (WSC), operated by EWDD partner Coalition for Responsible Community Development (CRCD), provided financial guidance and job training to Eduardo, helping him become a Carpenter’s Union apprentice and find work during the COVID-19 pandemic.
Mayor Announces Eased Requirements for Small Biz Emergency Microloan
LA City Mayor Eric Garcetti announced Wednesday May 21, 2020 that he has instructed EWDD to relax eligibility requirements for the Small Business Emergency Microloan and prioritize loans that were previously denied in order expedite relief for small businesses economically impacted by COVID-19.
EWDD GM Highlights BusinessSource Centers & BRU at Town Hall
Assisting Small Businesses During COVID-19
EWDD General Manager Carolyn Hull recently highlighted how the City’s BusinessSource Centers and Business Response Unit (BRU) are assisting small businesses struggling during COVID-19 at a Small Business Telephone Town Hall held by Councilmember Mike Bonin (CD11).
EWDD Awarded $1.8M Grant to Assist Workers Impacted By COVID-19
The California Employment Development Department (EDD) recently awarded EWDD a $1.8 million National Dislocated Worker Grant (NDWG) to provide temporary employment opportunities for workers whose livelihoods were impacted by COVID-19.
With many Angelenos experiencing mass layoffs and reduced hours, this additional funding will enable EWDD’s 16 WorkSource Centers to provide emergency support, along with job training and career services, EWDD staff said.
“Out of the nine initial P3 projects around the country, LA city’s project was the most ambitious,” said CSUN Management Professor Richard Moore, who conducted a five-year evaluation of the program. “It was in many ways the most successful. Our rigorous impact evaluation found a positive impact on youth served.”
Central West BusinessSource Helps CPA Obtain $92K Payroll Protection Loan
The Central West BusinessSource Center (BSC) helped long-term client Violet “Vee” Cristobal, owner of Cristobal & Company CPAs, obtain a $92,000 Payroll Protection Program (PPP) loan, which will enable her to keep her business open and keep her eight employees on staff during the COVID-19 crisis.
When Vee realized that she needed business assistance during COVID-19, she turned to Central West BSC Business loan counselor Redy Babasa-Thompson.
Grid110 Tech Start-Up Incubator Launches Virtual Program
Grid110, a 501c3 clean technology start-up incubator dedicated to helping entrepreneurs launch their businesses, kicked-off its first virtual program earlier this month via ZOOM due to COVID-19.
Twenty companies were selected for its spring 2020 cohort. The first program is a Residency Program, which is designed for early stage companies that are typically post-launch and have evidence of traction/validation in the form of users, revenue and/or funding.
Compass Rose Collaborative Participant: Formerly on Parole, Now in Construction
Formerly on parole supervision, Compass Rose Collaborative (CRC) participant Mr. Neru is now off parole and is continuing to work on the $1.7 billion Metro Regional Connector Project. According to Mr. Neru, all workers are required to wear a mask while on the premises and during work hours.
The City of LA was one of three cities awarded the CRC grant from the US Department of Labor Employment and Training Administration in June 2018.