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Economic

USC has $8 billion impact on state, report says

SOUTH LOS ANGELES — The University of Southern California generates about $8 billion in economic output and produces more than 42,000 jobs, according to a recent economic and social analysis. The study was conducted by research and consulting firm Beacon Economics on fiscal year 2015-16, and examined the influence of the university in three geographic…

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Need cash to finance your small business? See below.

SAN FRANCISCO — Getting a small-business loan is difficult, but it can be even tougher if you’re a minority business owner. But despite hurdles such as less wealth, fewer assets and less appealing credit, minority-owned businesses continue to grow at a faster pace in the U.S. than other businesses. The number of minority businesses increased from…

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Black patronage plan drawing mixed reviews

LOS ANGELES — A push to have more black shoppers patronize black-owned businesses rather than brave the crowds at major shopping centers and big-box retail stores on Black Friday appears to have had mixed results last week. Though nationwide store sales dropped off more than $1 billion from 2014 Black Friday, in Los Angeles, small,…

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