$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.
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.
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.
Until recently he was executive chairman of the board.
It's unclear how he would finance a bid for the company, which has a market value of about $90 billion.
As ordered, Broadcom has also withdrawn its slate of nominees for the Qualcommm board of directors.
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.
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.
The deal was prohibited at the recommendation of a Treasury Department committee that reviews transactions for nation security implications.
The order directs Broadcom to end its proposed takeover of the San Diego tech giant.
The Committee on Foreign Investment in the United States, which is investigating Broadcom's proposal to acquire Qualcomm, said the transaction would harm national security.
The move comes as the company readies for a meeting at which its shareholders will vote whether or not to replace the majority of its board with Broadcom nominees.
Companies that are selected get introductions to prospective mentors, advisors and investors.
The Boys & Girls Clubs of Carlsbad announced that it has offered its gym free of charge to Ethan Hope, an enterprising young man with a big heart.
Jeffrey Henderson, an independent Qualcomm director, will now head the board as its non-executive chairman.