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Thursday, Feb 29, 2024

Response to Crisis

By now, Business Journal readers have recognized the disruption caused by the health crisis. The question becomes how can companies, managers, employees and clients change their processes or products to adapt to this economic shock? In response, the Business Journal looked at several major industries in the Valley region. They range from obvious candidates to benefit from the crisis such as biotech research firms to those facing shutdowns, such as hotels. They represent legally designated “essential,” “non-essential” and hybrid businesses, such as construction. Looking ahead, the question shifts to when and whether former business practices will become viable again. For several companies in this report, their survival appears on the bubble. A number of chief executives cite the federal stimulus bill, or CARES Act, as a way to achieve solvency for the next few months. The Business Journal plans coverage of the CARES rollout, Small Business Administration loans and other recovery strategies in future issues as the recovery unfolds. – Joel Russell

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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