Major Business Activity Shrinks

Summary


Major business expansions declined 13 percent in Southern California last year as the economy sank deeper into recession, according to a report released Wednesday.

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.

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Extract


Major Business Activity Shrinks

The nonprofit agency characterizes a "major" expansion as a new or expanded lease of at l...

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