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VEDC to Open L.A. BusinessSource Center for West Valley Region












PRESS RELEASE
Contact: Lisa Winkle, VEDC
Public Relations Specialist
(818) 907-9977
lwinkle@vedc.org

VEDC to Open L.A. BusinessSource Center for West Valley Region


LOS ANGELES, CA – May 29, 2012 - VEDC is proud to announce the Grand Opening of their second Los Angeles Business Source Center in the San Fernando Valley. The newest LA Business Source Center be located at 18645 Sherman Way, Suite 114, in Reseda serving the West Valley Region. The Grand Opening Ceremony with take place on Thursday, May 31st, from 4:00 to 7:00 pm and will include keynote speaker Councilman Dennis Zine.
“The Business Source Center will localize business retention and attraction efforts in the West San Fernando Valley,” said Councilman Dennis P. Zine, who represents the Third Council District. “I am proud that this Center will be located in Reseda and will help support local businesses and job creation in the Third Council District. In these challenging economic times, the services that will be offered at this site will be a terrific resource to help make small businesses a success.”
The unprecedented national economic crisis significantly impacted all businesses in Los Angeles County, especially the small business community which is the back bone of our economy. The Mayor’s office and the Community Development Department worked together to find a system to provide start-up and existing small business owners cost effective tools to make their business a success. The LA BusinessSource Centers are designed to help businesses navigate City services including permitting and contracting processes.

“We look forward to helping local businesses with Training, Consulting, and Access to Capital,” commented Bob Holguin, VEDC’s Director of Business Services, “to becoming partners in their efforts in the community and helping them to reach their growth and sustainability objectives to ultimately create more jobs in their communities.”

The LA BusinessSource program is part of Mayor Villaraigosa’s Office of Small Business’ answer to the need to expand support for job creation in Los Angeles.

Thanks to the LA BusinessSource Centers, VEDC will continue to provide training through their Entrepreneurial Training Program and offer specific courses targeted at the needs of their clients including financial planning, formulation of a business plan, marketing and establishing your business. Business owners coming to the LA BusinessSource Centers in Pacoima or Reseda will still have access to one-on-one business consulting, federal, state and local procurement assistance and VEDC has the capacity to provide access to capital to start or grow your business.

The Los Angeles BusinessSource Center in the West Valley Region is sponsored by the City of Los Angeles specifically for small businesses proving that the City recognizes the need and is doing their part to make sure that Los Angeles is pushing forward to support and encourage entrepreneurship and small business.

For more information on the Los Angeles BusinessSource Centers visit www.LABusinessSource.org or call the West Valley Region office at (818) 705-9977.

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VEDC is the largest non-profit small business lender in metro Los Angeles and offers direct micro and small business loans as well as SBA 7(a) and SBA 504 loans. VEDC has a $20 million loan portfolio and almost $40 million under management and originates loans totaling more than $35 million annually to businesses locally and statewide. With six locations throughout the Los Angeles area and Oakland, VEDC has supported the small business owner for 35 years with the goal of creating and sustaining jobs and businesses in low to moderate income communities by providing high-quality small business services. For more information visit www.vedc.org


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