Four California cities and Phoenix were among the top 10 metropolitan areas in the U.S. to see significant job growth in 2013 compared to 2012.
Riverside ranked #1 (up 4%) in the final non-agricultural job growth report issued recently by the W.P. Carey School of Business at Arizona State University. San Francisco ranked #2 (up 3.9%), followed by Phoenix at #7 (up 2.7%) and Los Angeles and San Diego ties at #8 (up 2.6%).
SBA financing to small businesses continues to be a positive factor in job creation. In FY-2013, CDC Small Business Finance funded 470 SBA-504 loans, providing $914 million in capital to small businesses to help them purchase commercial/industrial buildings. These businesses expect to create 5,800 new jobs over the next two year.
CDC also funded $5 million in Community Advantage loans in FY-2013, which provided business capital between $20,000 and $250,000.