SD FINANCERecent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
With Gig Economy Workers and Data on Board, Wrapify’s Advertising Platform Is Moving Along
It’s been nearly a year since San Diego tech startup Wrapify began connecting drivers interested in getting paid for turning their vehicles into moving billboards with advertisers who wanted to track impressions from outdoor marketing in real time.
New Jersey-based Holman Automotive announced it has completed its acquisition of Kuni Automotive, a Vancouver company with 14 luxury dealerships in five U.S. states.
A New York-based plastics supplier has acquired M&M Plastics Inc., a plastics fabrication shop in Miramar that services businesses nationwide.
A voter-approved increase in the minimum wage in the city of San Diego took effect Monday.
New York-based pension fund operator TIAA Global Asset Management has agreed to acquire a 45 percent stake in two University Towne Center office properties for a total of approximately $256 million, according to CoStar Group and property owner Alexandria Real Estate Equities Inc.
San Diego-based Retail Opportunity Investments Corp. (ROIC) on July 6 announced the start of a public offering of common stock shares, expected to generate net proceeds of approximately $115.8 million after underwriting and related expenses.
The Fifth Annual Hands United for Children Fundraiser Gala took place at the Prado Ballroom in Balboa Park recently. The evening raised $97,000 for HUFC’s three projects: Children’s Nature Retreat, HUFC Dental Clinic and the programs in Saponé Burkina Faso in West Africa, all benefitting children in need.
FINANCE: Local Businesses Tested the Waters Of TV Show Financing With Mixed Results
When producers of the popular ABC TV show “Shark Tank” last came through San Diego County to audition potential entrepreneurs in 2014 — at Southwestern College in National City — more than 150 locals showed up to make their pitch.
The San Diego District Office of the U.S. Small Business Administration has signed an agreement with Accion San Diego, a nonprofit microlender.
Bravo Sports Corp. in Santa Fe Springs bought Sector 9 in La Jolla on undisclosed terms.
An index tracking San Diego’s economic health showed the region in May lost nearly all gains made the previous month as hiring slowed and local stock prices dropped.
San Diego’s Ignyta Inc. has secured $42 million in loan from Silicon Valley Bank and Oxford Finance.
Comerica Bank’s California Economic Activity Index advanced 0.9 of a percentage point in April to a level of 120.6, the bank said.
The Patriots Connection, a program of Rancho Santa Fe Foundation, awarded grants of $100,200 to nine nonprofit military programs in San Diego County recently. The Patriots Connection has awarded 135 grants of more than $1.2 million since 2009 to nonprofits serving the local military community.
Industry Projects Significant Shortage of Financial Planners
As more financial planners enter their 60s, wealth management firms and universities are looking for ways to bring younger people into the profession.