On August 6, 2025, Steadfast LA, a nonprofit organization, announced the launch of a Small Business Initiative aimed at helping businesses in wildfire-impacted Southern California communities. This initiative is supported by a $1 million donation from Banc of California’s Wildfire Relief & Recovery Fund. The program will provide direct grants of up to $50,000 to retailers, restaurants, and other independent businesses in areas like Altadena, Malibu, and the Pacific Palisades.
The grants are intended to assist businesses in reopening their doors or supporting their ongoing operations following the devastating Eaton and Palisades Fires in January 2025. Banc of California's contribution builds upon its earlier commitment to wildfire relief efforts and its dedication to supporting local economies.
Jared Wolff, Chairman and CEO of Banc of California, emphasized the importance of small businesses as the foundation of the local economy. The initiative aims to provide financial support and encourage consumer patronage through a social media content series, highlighting the resilience of these businesses.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.