Daily Business Report-Jan. 17, 2019
The top 10 states most affected by the government shutdown, in terms of SBA loans, are, in descending order: California, Texas, New York, Florida, Ohio, Illinois, Michigan, Georgia, Pennsylvania, Minnesota.
California tops in the nation of states
hurt most by government shutdown
Texas, New York and Florida rank 2nd, 3rd and 4th
Small businesses and startups in California will be hurt the most by the longest government shutdown in U.S. history, with over 700,000 jobs at risk, according to a new ValuePenguin.com study. The government shutdown, currently in its 26th day, has put a hold on all Small Business Administration (SBA) activities, including the processing of SBA 7(a) loans, a key source of funding for thousands of small businesses and startups in California.
• SBA approved 59,907 SBA 7(a) loans for Californian small businesses and startups since 2010, amounting to $29.46 billion in funding and the creation of 712,538 jobs — the highest in the country.
• Nationally, the Small Business Administration has issued over $177 billion in funding, by approving 472,000 7(a) loans since 2010. These loans have led to the creation of over five million jobs across the country.
With zero SBA loans being processed at the moment, the backlog of companies waiting for SBA funding is growing — and could take months to clear in the aftermath of the shutdown — hurting small businesses for far longer than anticipated.
The top 10 states most affected by the government shutdown, in terms of SBA loans, are, in descending order: California, Texas, New York, Florida, Ohio, Illinois, Michigan, Georgia, Pennsylvania, Minnesota.
To view the report, click here
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Chelsea Clinton, author of “She Persisted,”
comes to University of San Diego Feb. 7
Chelsea Clinton, the daughter of former President Bill Clinton and Hillary Clinton, will make an appearance Feb. 7 at the University of San Diego as part of Warwick’s and the College of Arts and Sciences’ spring visits by book authors series. Clinton will be at USD to promote 2018’s “She Persisted Around the World: 13 Women Who Changed History,” at USD’s Shiley Theatre. The program begins at 5:30 p.m. on Feb. 7. Doors open at 4:45 p.m.
Clinton, who previously released 2017’s No. 1 New York Times best-selling picture book, “She Persisted: 13 American Women Who Changed the World,” will do a reading from the 2018 book, a question-and-answer session and an in-person book signing.
The new book recognizes and celebrates 13 inspiring women around the world who’ve spoken out, risen up and fought for what’s right, even when they’ve been told to be quiet. The women featured in the book are: Marie Curie; Sor Juana Ines de la Cruz; Viola Desmond; Sissi Lima do Amor; Leymah Gbowee; Caroline Herschel; Wangari Maathai; Aisha Rateb; J.K. Rowling, Kate Sheppard, Yuan Yuan Tan, Mary Verghese and Malala Yousafzai.
Tickets are on sale now. Click here
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Kyocera to purchase major assets
of Renovis Surgical Technologies
Renovis Surgical Technologies Inc., an orthopedic and spinal medical device manufacturer and developer, announced that it has finalized an agreement to sell major assets related to its artificial joint, trauma and spinal product businesses to Kyocera International Inc., based in San Diego. The assets will be transferred into a new California-based company, wholly owned by Kyocera International, to be named Kyocera Medical Technologies Inc., in March 2019.
Renovis, founded in 2009, is a market leader in 3D-printed implants, and has developed a broad portfolio of innovative products for the U.S. market, serving the needs of orthopedic, neurological, and trauma surgeons.
Renovis has developed an advanced bearing surface technology for joint replacement products. Kyocera’s global strength and expansive research and development capabilities will accelerate the growth of these valuable technologies, according to a company statement.
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Encinitas Marketplace sells for $43 million
Colliers International San Diego Region and Jones Lang LaSalle announce the sale of the Encinitas Marketplace, a 124,411-square-foot neighborhood retail center at 110-194 N El Camino Real, Encinitas, for $43 million.
In addition to Kohl’s, the property’s tenants include The Vitamin Shoppe, Five Guys, Firehouse Subs, Chik-Fil-A, O’Reilly Auto Parts, Phenix Salon Suites, My Sister’s Closet, Sylvan Learning Center, The Joint Chiropractic, Allstate and Pacific Dental, among others.
Colliers International and JLL represented the buyer, Encinitas Marketplace LLC. REZA Investment Group represented the undisclosed seller.
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Walden Family Services COO
elected to FFTA board of directors
Walden Family Services, a Southern California-based nonprofit foster care, adoption and transition-age housing agency, announces that Chief Operating Officer Sue Evans has been elected to the national Family Focused Treatment Association (FFTA) Board of Directors for a three-year term.
The FFTA works to develop, promote and support treatment foster care and is the only national, nonprofit association representing treatment foster care programs across North America. FFTA and its member agencies focus on intensive family preservation, family reunification, adoption and other permanent, stable family living arrangements for children and youth.
FFTA member agencies provide treatment foster care services to more than 50,000 children and youth each year. As a member of the board of directors, Evans will help to strengthen these agencies that support families caring for vulnerable children.
Evans has over 30 years of experience in social work and foster care. She joined Walden as a social worker in 2000 and has held various positions including interim CEO before becoming COO in 2010. Under her leadership, Walden expanded its foster care program to care for teens with developmental disabilities and started a program for children and teens with special health care needs.
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Sea slug study illuminates how mitochondria move within cells
Your cells have an amazing ability—they can build their own energy factories, called mitochondria. Once built, mitochondria must move where needed in the cell. Defects in mitochondrial transport are a suspected cause of diseases including Alzheimer’s, ALS, Huntington’s and Parkinson’s.
Scientists at Scripps Research have discovered how neurons manage this important process by studying cells from Aplysia californica, a type of sea slug used in neuroscience research.
The paper, published this week as the cover story in the journal Cell Reports, may help open the door to new therapies to improve mitochondrial transport, says neuroscientist Sathyanarayanan Puthanveettil, an associate professor at Scripps Research and senior author of the new study.
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Personnel Announcements
Edwin Boniske promoted to partner at Higgs Fletcher & Mack
Higgs Fletcher & Mack has promoted attorney Edwin Boniske to partner within its employment and business litigation groups. Repeatedly named a “rising star” by a Super Lawyers since 2015, Boniske consults clients in employment matters and represents employers in lawsuits and administrative proceedings involving wage and hour disputes, and claims for wrongful termination, discrimination, harassment, and retaliation.
Boniske received his J.D. from the University of San Diego School of Law.
He was a member of the San Diego Law Review, awarded his section’s Best Brief Award, and received the CALI Award for Excellence in Tax. He studied political science at UC Berkeley for undergrad.
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Slide UX hires new principal consultant
Slide UX, a user experience research and design consultancy, announced Tia Krupa will join as a principal consultant. With over 15 years in the industry, Krupa brings a diverse set of skills and experiences to the table. She developed her leadership and design skills by working with global and local brands, including Disney, Salesforce, Seventh Generation, Sunset Magazine, and Visit California.
Krupa practiced her craft in agencies, in-house teams, and as an independent freelancer. In her most recent role at Inuit, Krupa created end-to-end customer experiences for TurboTax, Mint, and Turbo brands.
Krupa is the third San Diego-based employee among Slide UX’s ranks. She was introduced to Slide UX by Cat Battson, senior producer, who says, “In addition to being wonderfully creative, (Tia’s) easy-going temperament and quirky personality offers the right blend of humor, cleverness, sass, and talent that are a perfect fit here.”
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Leary Jones and David Ripley join BNBuilders
Due to its steady growth, BNBuilders has welcomed two new team members: Leary Jones as corporate safety director and David Ripley as Southern California operations manager. Combined, the two leaders bring more than 65 years of experience to the BNBuilders team.
Leary Jones brings over 35 years of executive management experience in the construction, industrial, military, and aviation industries. He will serve all BNBuilders offices from Seattle to Southern California. Jones will develop, implement, and manage BNBuilders’ safety protocols. A retired US Air Force Reservist, Jones served as a safety manager for numerous Air Force bases throughout the world. He has also worked for Balfour Beatty Construction and Turner Construction Company, among others.
David Ripley is in charge of setting up the firm’s projects for success, including bringing operational consistency within the Southern California region and across the firm’s various markets. With three decades of experience, he will also mentor the younger operations staff and superintendents. Prior to joining the BNBuilders’ team, he worked in a variety of operations-based roles with two large national general contractors, a pharmaceutical company, and a third-party project manager.
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AIR DEFENSE
