Small-business optimism just hit an 11-year low. ‘Will depressed small business owners depress the economy?’
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California's $20 fast-food minimum wage is a boon to the working class. But how will small businesses fare?
Justin Foronda is the type of creative, motivated, second-generation entrepreneur who should be able to thrive in Los Angeles. Born and raised in Historic Filipinotown, Foronda opened HiFi Kitchen in 2019 and kept the doors open during the pandemic's economic disruptions through pure hustle. Last year the 37-year-old staged a Filipino holiday market across the street from HiFi to draw crowds to the neighborhood. He started a board game night at the store to bring in customers. Next weekend he's...