Job losses in hospitality, retail sectors drive down average.
While most businesses have focused solely on surviving COVID-19, insurance brokerage Poms & Associates has launched a rebranding campaign.
The Valley Economic Alliance has received a grant of $65,000 from Wells Fargo.
NetSol beat earnings estimates while Velocity missed in its first quarter as a public company.
L.A. City Council member John Lee announced Thursday that Chatsworth’s San Carlo Deli is the first loan recipient from the Council District 12 Small Business Angel Fund.
The Greater San Fernando Valley Chamber of Commerce announced Monday it has joined America’s Recovery Fund Coalition, an alliance of more than 100 trade associations and business organizations advocating for a grant-based federal assistance program for businesses.
Gov. Gavin Newsom on Tuesday outlined a cautious plan to reopen the virtually shuttered California economy in phases in the coming weeks as COVID-19 cases stabilize.
Mission Valley Bancorp on Tuesday announced that its first quarter net income of $816,000, or 25 cents a diluted share, was up more than 16 percent from the same quarter last year.
The County of Los Angeles has launched an online portal in partnership with Goldman Sachs where small businesses affected by COVID-19 can apply for forgivable SBA loans.
As the economy continues to deteriorate, local experts have revised their predictions for GDP in the second quarter – and the outlook is even worse than they earlier expected.
PCF Insurance Services in Woodland Hills has been acquired by HGGC, a middle-market private equity firm in Palo Alto.