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Gov. Jerry Brown and state legislative leaders on Monday backed a proposal to hike the statewide minimum wage to $15 an hour by 2023.
An affiliate of San Diego-based Davlyn Investments has obtained $31.5 million in acquisition refinancing for the Northridge Summit office building in Scripps Ranch, according to NorthMarq Capital, which arranged the financing.
Much of the talk surrounding the benefits of California’s new Earned Income Tax Credit (EITC) is about how much it will help low-income workers and their families. There’s a good reason for that: It is new money put directly in the pockets of the hard-working people who need it most.
INVESTing: Company Avoids Board Battle, Seeks To Leverage Water Rights
PICO Holdings Inc., a company with interests in water and land rights, has quashed a brewing battle with shareholders over control of its board, signing deals with two vocal activist investors that will avoid a special vote on its board makeup.
FINANCE: First Associates Excels at Educating Consumers
When David Johnson was searching for something to rescue him from the doldrums of retirement in 2008, he honed in on First Associates Loan Servicing LLC.
The most promising careers for young San Diegans are increasingly reliant on data skills, according to a report Tuesday from University of California, San Diego Extension, with analysts making up half of the region’s top emerging careers.
Mission Federal Credit Union on Monday said it has hired Silvergate Bank’s former CFO to fill the same role at Mission Federal.
San Diego gained 4,800 construction jobs over a 12 month period, according to the Associated General Contractors of America’s data analysis.
Solana Beach-based property owner The Shamrock Group LLC has obtained $22.75 million in refinancing for its San Ysidro retail property known as The Plaza at the Border, according to Holliday Fenoglio Fowler LP (HFF), which arranged the financing.
San Diego’s unemployment rate stayed flat in February at 4.7 percent, as job gains kept pace with the growth of the county’s labor force.
The 2-1-1 San Diego “Rock the House” launch party raised more than $250,000 for its NextGen technology and its new 30,000-square-foot Connections Center. 2-1-1 San Diego is a free, 24-hour, confidential phone service and searchable online database for residents of San Diego County.
FINANCE: $1M Annual Cap May Limit Appeal to Small Cos.
Crowdfunding appeared to get more interesting to most investors this past fall, when federal regulators unveiled new rules that would allow even those without large salaries to buy company shares through online crowdfunding portals. But experts are doubtful the new option will catch on quickly when it debuts in May.
FINANCE: It’s Permanent And More Far Reaching
A revamped tax credit recently passed by Congress will provide enormous benefit to innovative businesses, should they choose to use it. San Diego’s life science firms in particular should pay close attention.
Seattle-based HomeStreet Bank on Monday said it was expanding into San Diego with two branches opening this month.
There are more than 700 Japanese-based companies with offices located in Southern California, one of the highest concentrations of Japanese companies located outside of Japan.