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San Diego County Credit Union’s assets grew about 1.4 percent in the second quarter reaching nearly $7.6 billion, the credit union said Aug. 25 in an earnings report.
Guardians of San Diego’s 25th Annual Golf & Tennis Tournament was held at the Del Mar Country Club and presented by the William Gumpert Foundation.
FINANCE: Small Biz Lender Expects $75M In Revenue for 2016
While online lenders such as Prosper Marketplace and Lending Club that facilitate peer-to-peer lending are struggling, a San Diego-based small business lender expects to rake in $75 million in revenue by year’s end.
Software Takes Much of the Pain Out of Filing Development Profiles on Children
Gene Shi and Lala Zhang probably would not have built their particular business without the arrival of their daughter, Audrey.
FINANCE: Funding’s Focus Is New Crowdfunding Option
New federal regulations that went into effect earlier this year have loosened the rules around how startups seeking capital can leverage individuals’ interest in supporting new enterprises — and some local businesspeople are positioning themselves to benefit.
Local startup accelerator, CONNECT, is partnering with DeskHub, one of San Diego’s biggest coworking spaces.
The San Diego branch of global nonprofit microlender Accion will receive a $600,000 grant in two installments from JPMorgan Chase & Co., the organization announced Aug. 25.
San Diego County hotel revenue rose 3.5 percent from a year ago, topping $1.6 billion for the first seven months of 2016, even as occupancy dipped 0.4 percent to 78.4 percent, according to the latest monthly data from research firm STR.
San Diego’s business accelerator CONNECT is launching a new investor syndicate to help fund “disruptive” technology and life science startups in San Diego.
The North County Athletic Association announced that Vigilucci’s Beach Bocce World Championship XXXVI attracted more than 1,000 people to Del Mar’s Dog Beach. Raising more than $100,000 this year and more than $1 million since its inception, the tournament sold out in under an hour when tickets were made available in the spring.
San Diego’s only community development financial institution, or CDFI, announced a $6 million recapitalization agreement.
FINANCE: Case Involved Tip on Biotech Acquisition
Federal prosecutors have charged two San Diego businessmen with insider trading for using a confidential tip to snag $83,000 in profit when local biotech Ardea Biosciences was acquired in 2012.
FINANCE: Loss for Company’s First Half Is $10.2 Million
La Jolla-based PICO Holdings Inc., a company with interest in water and land rights, reported a net loss of $3.4 million in the second quarter, a significant improvement from the $49.8 million loss the company reported last year in the second quarter.
VC Firm’s Investments Are About Converting Data Into Dollars
A venture capital firm interested in funding local software startups has launched a new fund in San Diego — possibly the first of its kind.
More than 90 percent of San Diego-area businesses believe the region’s housing has become too expensive, and most think more residences should be built, according to survey results released Wednesday.