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California cities, Phoenix Rank Among Top 10 in Job Growth

April 17, 2014 | Small Business Loans

job growth header, Carey School of BusinessFour 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.

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