The city of Los Angeles, California, is putting its Neighborhood Stabilization Program (NSP) funds to work with the launch of a new initiative to create jobs rehabilitating foreclosed properties in communities impacted by the housing crisis. The new “Bridges to Business Success” program is a public-private initiative providing small minority business owners with procurement training and contract opportunities to create and retain jobs. Los Angeles has been awarded $ 143 million in NSP funds.
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