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Thursday, Apr 25, 2024

Congress to Vote on Valley Economic Alliance Grant to Fund Business Assistance Program

A bill in Congress that would grant $138,000 to the Valley Economic Alliance in Sherman Oaks to provide small business technical assistance to Valley companies has advanced to a vote on the floor of the House of Representatives.The funding was requested by Rep. Brad Sherman, whose district stretches from Calabasas to Universal City and north to Granada Hills. Technical assistance programs help entrepreneurs with marketing skills, financial management, employee management and access to capital, depending on the company’s needs.“Small businesses are critical to the economy of the San Fernando Valley and the technical assistance program will help local small business to create jobs and advance the post-COVID recovery,” Sherman said in a statement.In a press release, Sherman’s office said the assistance services would be “designed to retain jobs in the San Fernando Valley region” by increasing the businesses’ “resilience and growth.”

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.

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