CIT Gives $100,000 to Latino Chamber of Commerce for Small Business Programs

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CIT, parent of OneWest Bank of Irvine, announced Monday that it’s providing $100,000 to the Los Angeles Latino Chamber of Commerce for technical assistance to small businesses.

The grant will support the further development of the technical assistance services offered by the chamber’s foundation, which includes one-on-one consulting and workshops on improving technological efficiency, accessing capital and gaining contracting opportunities. The money will also help buy tablets for the chamber’s business technology center.

“OneWest’s investments in the LALCC are essential to our efforts to help Latino small businesses throughout the Los Angeles region thrive and prosper,” said Gilbert Vasquez, the chamber’s board chair.

“This grant helps the LALCC deliver technical assistance services that will allow local small businesses to grow and become more efficient while sustaining and creating jobs in the Los Angeles area, said John Erickson, president of CIT consumer banking and of CIT’s California operations.

Last year CIT made a similar grant to the chamber.

Public policy and energy reporter Howard Fine can be reached at [email protected]. Follow him on Twitter @howardafine.

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Howard Fine
Howard Fine is a 23-year veteran of the Los Angeles Business Journal. He covers stories pertaining to healthcare, biomedicine, energy, engineering, construction, and infrastructure. He has won several awards, including Best Body of Work for a single reporter from the Alliance of Area Business Publishers and Distinguished Journalist of the Year from the Society of Professional Journalists.

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