The Los Angeles County Development Authority’s Small Business Stabilization Loan Program has reached its application limit as loan funding requests have exceeded $30 million.
When the application portal was closed Monday at 8 a.m., 96 applications had been received from small businesses requesting more than $30 million in assistance.
The applications received will be processed and funding is expected to start being deployed later this month.
Launched on January 28, 2021, the Small Business Stabilization Loan Program was designed to provide eligible businesses with a competitive interest rate for loans ranging from $50,000 to $3 million.
Businesses that applied for the program must have been in operation for at least two years and seeking working capital, equipment purchases, real estate acquisition, or refinancing of existing loans at higher interest rates.
As Los Angeles County prepares to begin vaccinating residents 50 years and older on April 1 and residents 16 years and older starting April 15, Los Angeles County Public Health officials on Wednesday reported that more than 4,000,000 doses of the COVID-19 vaccine have been administered to people countywide. In addition, Public Health confirmed 40 new deaths and 648 new cases of COVID-19 in L.A. County, with 27,227 total cases in the Santa Clarita Valley.
Of those 4,000,000 vaccinated, 1,323,686 people received second doses.
This translates to hundreds of thousands of people having an extra layer of protection from serious illness and death from COVID-19 in a little more than three months.
College of the Canyons has been ranked nationally No. 18 in The Hispanic Outlook in Higher Education Magazine for enrolling the largest number of Hispanic students.
The magazine rankings for the Top 25 Community Colleges for Hispanics were based from the National Center for Education Statistics (NCES) Integrated Postsecondary Education Data System (IPEDS) data for community colleges with the highest number of Hispanic students enrolled.
According to the data, the college had a Hispanic population of 15,703 students, totaling 45 percent of the total student enrollment, which was 35,018 in spring 2019.
Current numbers through the end of the 2019-20 school year show the college’s current Hispanic population closer to 47 percent.
A new report on the health of counties across the nation revealed the rate of premature death in Los Angeles County was lower than the rate of 41 of California’s 58 counties as well as the rate in over 90% of all counties in the United States.
School districts across the Santa Clarita Valley endured an ever-changing school year that included sudden classroom-setting changes, cancelation of events and now a significant decrease in student enrollment which has led to some teachers receiving notices about potential layoffs if the funding situation doesn’t improve.
The Centers for Disease Control and Prevention reduced physical distancing guidelines from 6 feet to 3 feet in a classroom setting, but local school districts cannot make changes until the state and county’s guidance aligns.
Los Angeles County Public Health officials on Friday confirmed 60 new deaths and 756 new cases of COVID-19 countywide, with 26,944 total cases in the Santa Clarita Valley. In addition, nearly 3,235,000 doses of COVID-19 vaccine have been administered to people across Los Angeles County.