By Gabriella Landeros
In order to make Los Angeles flourish and stronger as a city, there has to be more opportunities for creating businesses, jobs, and attracting capital so both communities and investors can work together. The economic turmoil Los Angeles is facing is tough, but with companies such as the Valley Economic Development Center (VEDC), the largest nonprofit small business lender in California, things are improving little by little.
Underserved communities, especially, need the most investment and private capital. Lenders such as the VEDC are doing a great job, and we need more to join the effort in working with communities most hit by economic troubles, such as South LA, Pico-Union, and Pacoima. We need a foundation that will generate long-term growth and job creation. By bringing communities and investors together, investments in cities that have been untouched by many will receive the opportunity they deserve.
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