SD FINANCE

Renovate America Sells off $90M of Benji Loans

It was the first sale for the company involving its unsecured lending product.

College Construction Is Lesson in Sustainability

BUILD: Buildings Aim for Performance-Based Ranking

When Palomar College set out to replace eight small maintenance and operations buildings scattered around campus, school officials said they wanted something that would stand out as a model of energy and water conservation and meet other measurements of sustainability.

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Foundation’s Gift to Help Improve Kids’ Reading Skills

The David C. Copley Foundation, formerly known as the Helen K. and James S. Copley Foundation, has awarded $12,000 to the San Diego Center for Children. The funding will allow the center to cover any expenses related to the Intensive Reading Improvement Program, including staff, materials and curriculum.

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CDC Small Business Finance Wins National Microlender of the Year

San Diego based CDC Small Business Finance was awarded the Jody C. Raskin Microlender of the Year award by the Small Business Administration Administrator

Health Care Solutions Take First, Second Place at Ignite

SoleMate, a company started by UC San Diego bioengineering students Surabhi Kalyan and Kristine Khieu, took first place at the school’s second annual Ignite Conference pitch competition.

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On Demo Day, Life’s a Pitch

EvoNexus is hosting a Demo Day at which eight of its founders will pitch their companies.

American Indian Health Center Launches Capital Campaign

The San Diego American Indian Health Center held a ribbon cutting recently to celebrate the acquisition of the buildings that house its current location plus an additional building immediately north of the clinic that is designated for expansion of the organization. The ribbon cutting kicked off the capital campaign to raise an estimated $11 million for the renovation and expansion that will double SDAIHC’s capacity.

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Firm’s Impact Investing Puts Community in Lending Equation

$10M Fund Targeted for ‘Community-Minded’ Borrowers

A group of San Diego investors is betting on locally based nonprofit organizations and social enterprises to the tune of $10 million.

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Phenix Salon Suites, Encinitas-Based Franchise, Gets PE Investment

The salon suite franchise, which provides individual stylists with individual suites, has more than 200 locations - but plans to grow to 1,000 sites in the next five years.

Students’ Actions Raise Money, Awareness for Environment

Two years ago, three La Jolla High School students formed Clean for a Cause, a nonprofit to recycle plastic, aluminum, and glass at CRV redemption centers and donates funds raised from those recyclables. During this time, Cause has recycled approximately two tons of material. Led by Mason Matalon, a senior at LJHS, Clean for a Cause announced that it has made its first donation to San Dieguito River Valley Conservancy.

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Citing Buyout Talk, Qualcomm Board Says It Won't Renominate Paul Jacobs

Until recently he was executive chairman of the board.

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Report: Qualcomm Director Paul Jacobs Considers Bid for Firm

It's unclear how he would finance a bid for the company, which has a market value of about $90 billion.

Broadcom Ends Qualcomm Bid in Wake of U.S. Presidential Order

As ordered, Broadcom has also withdrawn its slate of nominees for the Qualcommm board of directors.

Microlender Accion Reports Lending $3.6M to SoCal Businesses in 2017

Accion's new Rapid Loan program streamlines the process of getting smaller loans, which the organization said it expects to lead to a higher volume of lending this year.

Investors Clear Path For Bank’s Initiatives

BANKING: Funding Backs Fintech Plans, Possible IPO

San Diego’s Silvergate Bank plans to go public as soon as this year — and its prescient bet on fintech has helped it prepare by more than doubling its equity capital, bringing on a dozen new strategic investors — including its first-ever cryptocurrency client.

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