View Mobile Site

Ask the Expert

Signal Photos


Economic development center receives $550K

Posted: November 29, 2012 2:00 a.m.
Updated: November 29, 2012 2:00 a.m.

The Valley Economic Development Center received a combination opportunity fund grant and loan totaling $550,000 from the California Community Foundation.

Grants and loans of $133 million were made by the foundation to assist nonprofits and charitable institutions for affordable housing, health care, arts, education, environmental and other causes during the 2011-2012 fiscal year, the organization announced Tuesday.

The investment in various communities represents an increase of 10 percent over the previous fiscal year. Nearly two-thirds, $94.5 million went toward supporting the nonprofits of Greater Los Angeles.

Among the grants made by the organization: 822 grants equaling $41.5 million were distributed throughout Los Angeles County, 15 grants totaling $556,000 to Antelope Valley organizations, and 271 grants of $3.5 million in the San Fernando Valley.

The center helps creates jobs and provides loans to small- and medium-sized businesses throughout the region, including the Santa Clarita Valley. The nonprofit also provides support services to businesses and entrepreneurs.


Commenting not available.
Commenting is not available.


Powered By
Morris Technology
Please wait ...