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January 2015
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Office of Economic Development
Happy New Year!  This issue features a glimpse of a business course held by BusinessSource Center - Vermont Slauson Economic Development Corporation. We also discuss crowdfunding as an option for business financing and feature a local business doing just that.
 
Recent Event Recap
 
January 6th, 2015 marked the first session of a free 8-week business course presented in collaboration with Vermont Slauson Development Corporation.  There was a wonderful turnout of people at various phases of conceptualizing, starting, and growing a business.

The highly interactive course is led by Daniel Morales, MBA, Ph.D., and is held at the Vermont Slauson Development Corporation center on Western Avenue.  Over the span of 8 weeks, students will cover major business topics including business plan development, financing, sales and marketing, and operations. 
 

Support a Los Angeles Entrepreneur: Eco Pet Handbags
 
Eco Pet Handbags is a handbag line created from post-consumer pet food bags, and other upcycled materials including vintage and designer fabrics, seat belts, and other repurposed materials.  All of their hand crafted eco fashion accessories are one-of-a-kind creations and made in Los Angeles.  A percentage of all sales are also donated to a registered animal shelter or rescue organization, supporting Eco Pet Handbag's mission to help animals in need and the planet, one bag at a time.

The trustee for this KivaZip loan is the Harbor BusinessSource Center hosted by MCS Inc.  Read more about the story behind Eco Pet Handbags here. 
And please share this link with anyone interested in supporting local small businesses!
 

More about Business Financing through Kiva and Crowdfunding

Kiva is an online crowdfunding platform that connects businesses in need of loans with individuals from all around the world who want to lend money to entrepreneurs and business owners. 

A business can create a profile on the Kiva website to display their business need and raise money for a loan made up of small loans from many people (crowdsourced microfinance).  Depending on the Kiva program best suited for you, loans can have as low as 0% interest rates (Kiva Zip). 

City of Los Angeles BusinessSource Centers located across Los Angeles provide numerous consulting services and can help your business in a variety of ways including evaluating financing options and crowdfunding opportunities through Kiva or Kiva Zip. To learn more, visit a BusinessSource Center near you.


Upcoming Events
 
Executive Forecast
Friday, January 23rd, 8:00am - 10:30am 
Hilton Woodland Hills
 
For more information, visit http://www.thevalley.net/event/executive-forecast




 
Please contact Frank Aguirre, Business Development Specialist with any further questions or concerns at frank.j.aguirre@lacity.org. 

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