Busines expansion drops
Major business expansions declined 13 percent in Southern California last year as the economy sank deeper into recession, according a report released today.Gregory J. Wilcox in the Daily News.
The region encompassing Los Angeles, Ventura, Orange, San Bernardino and Riverside counties saw 176 major expansions, compared with 203 the prior year, said the Los Angeles County Economic Development Corp.
The nonprofit agency characterizes a "major" expansion as a new or expanded lease of at least $1 million in value or for 20,000 square feet or more of space.
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Los Angeles Daily News City Hall reporter Rick Orlov writes about politics on the local, state and national stage.
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