In Orange County, fashion trumps the economy. After an 8 million dollar house gets forclosed in Newport Beach, seems looking good is more important than a roof over your head.
High-End Denim Store opens in South Coast Plaza
“Last year, sales of women’s denim priced below $25 fell 11 percent to $3 billion and those priced from $25 to $50 fell 2 percent to $2.9 billion. And sales of women’s jeans priced from $50 to $75 were flat. However, sales of women’s jeans priced at more than $75 jumped 26 percent to $803.2 million last year, according to The NPD Group.”
Pasadena’s Kidspace opens up Physics Forest for scientists of all ages, but focused toward elementary students.
Kidspace Museum’s new $4.4-million Robert & Mary Galvin Physics Forest, with 13 outdoor interactive exhibits on a half-acre of the Arroyo Seco campus, opened Thursday. “The hands-on exhibit is the first of its kind in the country, and perhaps the world,” said Kidspace CEO Michael Shanklin.
Each exhibit, specially designed for Kidspace by Florida-based “Hands On Interactive,” demonstrates a fundamental physics principle.
New attractions benefit local shops in the Pasadena area improving an economic slowdown.
Goodrich Corp. opened its new, 105,000-square-foot facility in Brea. Orange County will see an increase in employment with this opening.
The Brea facility will design, develop and produce aerospace-related technology such as rescue hoists, digital data systems and in-flight entertainment products. The site employs about 260 workers in engineering, manufacturing and administrative positions.
“Our business is growing, and consolidating our two nearby sites into the Brea location allows us to better leverage our talented work force and other resources to grow our business for years to come,” Mark Skarohlid, vice president and general manager for the business segment, says in a company press release.
Brea & Orange County out of work employees welcome Goodrich.
Six-figure incomes are more common in California than anywhere else in America. On top of the standings are two California cities, Palo Alto and Newport Beach; with nine others placing in the national top 20.
The latest statistics from the U.S. Census Bureau show that 56.9 percent of Palo Alto’s households had incomes greater than $100,000 as of 2010, the latest year for which official figures are available. Newport Beach is the runner-up at 53.8 percent.
With the economy still shaky, Jobless rates in Burbank see a small increase. Burbank businesses are still feeling the crunch and not hiring new employees. Jobless rates put a strain on local business with less money trickling down from Burbank employs to Mom and Pop stores.
Burbank saw a slight increase in their unemployment rates in May, even as the jobless rate dropped overall for California.
Burbank saw their unemployment numbers edge up by 0.1%, coming in at 9.7%. Meanwhile, the California unemployment rate dropped to 10.8% last month from 10.9% in April, according to the U.S. Bureau of Labor Statistics.
Support for the Los Angeles Kings helps local retailers selling logoed merchandise. In addition to local restaurants and bars, the Los Angeles Kings brings in well needed money to small businesses in this bleak economy.
“Like most die-hard Kings fans, Art Hulscher already has a team jersey. But he didn’t have a hat, so the other night he went down to L.A. Live across from Staples Center, where he snapped one up for $34. The Kings’ three wins during the Stanley Cup Final have been great for civic pride, and maybe even better for merchandise sales.”
With Baseball in full swing, Dodgers fans will follow suit and support local business in the Los Angeles area as King’s fans have this Stanley Cup.
In its 11th year, the Los Angeles Business Hall of Fame Awards will honor the top companies in Los Angeles based on research and listings in the Los Angeles Business Journal annual Book of Lists. Awards will be presented to the CEOs of the #1 ranked companies in Los Angeles and the 2012 Business Person of the Year, Dominic Ng, Chairman and CEO of East West Bank, will be inducted into the Business Hall of Fame. This event is a networking and awards luncheon for business owners in the Los Angeles Metro area. The Luncheon is presented by the Los Angeles Business Journal and is schedule for the following:
Thursday, March 29, 2012
Millennium Biltmore Hotel
506 S. Grand Ave.
Los Angeles, CA 90071
11:00am to 1:30pm
Los Angeles Business After Hours Mixers
The Los Angeles Chamber’s Business After Hours Mixers create an opportunity for members and non-members to mingle and build business relationships in an informal, relaxed business setting. The mixers are held in partnership with other local business organizations and attract large crowds from many industries. Tabletop displays are available at all mixers, which are held six times per year.
Los Angeles Chamber Referrals
The Chamber receives hundreds of product and service inquiries and makes more than 40,000 direct and indirect referrals to our members each year.
Connect For Lunch
Chamber members can “Connect For Lunch” to make personal connections with three other members in an intimate lunch setting. Swap referrals and learn about each other’s Los Angeles businesses at these Chamber-organized lunch meetings. For the first eight weeks of the program, members have four opportunities to try Connect 4 Lunch for free, paying only for meals.
Los Angeles Business Matchmaking & Trade Missions
The Los Angeles Chamber arranges one-on-one meetings between foreign business delegates and local U.S. companies and supports trade missions that match Southern California businesses with potential partners overseas.
Power Hour Series
The Power Hour event series provides an environment for Los Angeles members to connect with influential business leaders while receiving expertise that can help with their business development needs. Presenters from industry-leading member Los Angeles companies share personal business successes and strategies several times per year. The presentations may also include information about the organization’s best business practices, from customer service to marketing to technology.
Referral Network Breakfast
The Referral Network meets twice monthly and is a Los Angeles business development program that helps members build business relationships in order to increase sales and revenue. All attendees are given the opportunity to promote their business to the group and the group, in turn, becomes an additional sales force referring group Los Angeles businesses.
Small Business Los Angeles Owners Roundtable
The Chamber’s Small Business Owners Roundtable meets six times a year and connects small business owners to help them build relationships, discuss issues, share challenges and solutions to further develop their Los Angeles businesses.