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FINANCE: More Cos. in S.D. Create Need for More Banking
Southern California appears to be ground zero for interest in new, or de novo, community banks, and a group of San Diegans could be next to tread the path few have dared since the financial crisis.
COMPANIES: ‘Startup’ Label Can Be Tricky to Define
The word “startup” may not mean what you think it means. The label has boomed in popularity over the past decade, evolving from a buzzword during the dotcom era to the fuzzword it is today.
Fifteen percent of chief financial officers in San Diego who responded to a recent employment survey said they plan to hire full-time, professional-level workers for new roles in the next six months.
San Diego biotech CardioCell LLC has retained Objective Capital Partners, an investment bank and mergers and acquisitions advisory firm, to help the company “manage growth,” the company said in a statement.
The San Diego Workforce Partnership has been selected to receive a $400,000 grant from the Chicago Cook Workforce Partnership, as part of a nationwide effort to increase economic mobility for workers in retail and related sectors.
An Orange County-based medical device company announced Tuesday it had secured $40 million in Series E financing from investors, including San Diego-based venture capital firm Domain Associates.
San Diego employers as a whole gave their workers 2015 merit raises surpassing the national average, according to survey results released Sept. 1 by the San Diego Employers Association.
In a sign that the local business community could face a mixed outlook, a closely watched local economic index slipped for the third consecutive month in July, the University of San Diego Burnham-Moores Center for Real Estate reported in an update concluding the trend may be nothing to worry about.
Three San Diego business accelerators will each receive a $50,000 grant from the U.S. Small Business Administration, the organization announced this week.
Mayor Kevin Faulconer this week presented Hera Labs, a female-focused business accelerator, with a $30,000 city grant.
Zavante Therapeutics, a San Diego startup launched by biotech veterans last fall, has secured a $10 million loan from Square 1 Bank, a division of Pacific Western Bank.
San Diego lags behind most of its national competitors in terms of affordability, as measured by cost of living as a share of per-capita personal income, according to a study released Sept. 1.
Scripps Health has acquired the assets of Pacific Coast Women’s Health Medical Group, whose physicians become part of Scripps Coastal Medical Group under a transaction announced Sept. 1.
FINANCE: Endeavor Would Be First New Community Bank in Years
A group of San Diegans this month filed an application with the Federal Deposit Insurance Corporation seeking approval to form a new community bank.
A group of San Diegans this month filed an application with the Federal Deposit Insurance Corp. seeking approval to form a new community bank.