The News

New laws of interest for California businesses in 2015

The following bills were among the 900 measures signed into law by Governor Brown of interest to the business community:

AB 877
For taxable years beginning on or after January 1, 2014, AB 877 disallows a deduction for the amount of any fine or penalty paid or incurred by an owner of all or part of a professional sports franchise where that fine or penalty is assessed or imposed by the professional sports league that includes that franchise.

Visalia approves ‘campus-style’ biz research park

The Visalia Planning Commission approved a development last week that will round out its business research park zone west of the city.
First brought before the city by Visalia developer 4Creeks Inc. last November, the Square at Plaza Drive aims to attract a variety of technology and office-oriented businesses at the southwest corner of Plaza Drive and Crowley Avenue.

Fresno retailer partners to offer Harley-Davidsons on lease

Valley residents interested in riding Harley-Davidsons will soon have more financing options available to them thanks to a partnership with Clawson Motorsports in Fresno and Chrome Capital. Founded in 2011, the national leasing company works with dealerships across the country to help make Harley-Davidsons more affordable for consumers.
Harley-Davidson Financial Services already offers help to customers who are looking to buy new motorcycles, but it does not offer leasing on new or used bikes.

Nonbank mortgage lenders seek more of the market

Nonbank mortgage lenders are regaining popularity on a level not seen since the financial crisis of 2008, once more infusing the industry with a variety of financial options and resources.
According to Inside Mortgage Finance, an industry data and research newsletter, nonbank mortgage lenders accounted for 27 percent of the market in the third quarter of 2014. While that growth has slowed somewhat in recent months, the numbers show that this is the largest segment of the market nonbanks have held since 2008.

Scharton eyes ‘scrappy’ Fresno style with new venture

A new marketing firm focused on local food brands and producers will soon take root in downtown Fresno. 

Croptown Creative Team is the latest business venture by Craig Scharton, owner of Peeve’s Public House, and marketing partner H Steele. The two said they hope to grow Croptown out of their connections with local artisanal food manufacturers in the Fresno County area while also helping to establish a strong “Fresno style.”

Mid Valley Disposal on the move

New composting program, acquisition prime hauler for growth

While not yet in full swing, Mid Valley Disposal’s new composting operation is turning the Central Valley on to the possibilities of organic material recycling.

Driven by new regulations on the disposal of green waste in the state’s landfills, the Kerman-based waste hauler and recycler completed work earlier this year on the first row of a 68,000 square-foot composting field at its 10-acre material recovery facility west of Fresno.

Fresno SBA office hits another lending record

The U.S. Small Business Administration's Fresno office announced another lending record for fiscal year 2014 — $310 million in approved 7(a) loans to 631 borrowers.

The loans allowed small businesses in the 15-county region covered by the Fresno district office to create or retain 8,831 jobs.

Deli Delicious adding Valley locations

Local sandwich chain Daeli Delicious is going through a growth spurt as six new locations are opening in the Central Valley this fall and several more are expected in the first quarter of 2015.
Deli Delicious locations opened in the Save Mart shopping center at Clinton and Brawley avenues in west Fresno several weeks ago as well as downtown at 970 N. Street. The downtown restaurant hosted a grand opening celebration earlier this week, giving out sandwich vouchers and other prizes to mark the occasion.

Foundation plans new $10M ice skating arena in Fresno

The Fresno Monsters hockey team may soon have a new venue to play games when a planned 1,800-seat arena is built at the Gateway Ice Center.
But hockey is just one program proponents hope to expand when the 44,000 square-foot multi-purpose facility comes to fruition at Marks and Clinton avenues.

Corporate wellness programs gain speed

As more Americans gain insurance coverage through work, employers are increasingly turning to wellness-based incentives and other health care programs to help keep their staff healthy.
According to a 2014 study by Fidelity and National Business Group on Health, corporate employers are expected to spend an average of $594 per employee on wellness programs this year. That’s up 15 percent from the average of $521 per employee in 2013 and nearly double the amount reported in 2009.