L.A. Seeking Boost for Minority Businesses
— reported by Hispanic Business
Los Angeles will seek to give minority- and women-owned businesses more than $200 million over the next two years as part of expansion efforts at the city’s Minority Business Opportunity Commission.
Mayor Antonio Villaraigosa kicked off the effort Thursday with plans to raise business owners’ awareness of the program in which the city helps firms obtain federal loans and investments.
The Department of Commerce designation means Los Angeles will get $600,000 over the next two years to help its efforts to provide business for minority- and women-owned firms, said David Mora, executive director of the commission.