Small businesses can seek angels and other investors at Los Angeles event

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Los Angeles will host a two-day event aimed at connecting companies in distressed urban areas with venture capitalists and other potential investors. To participate in the program, called Inner City Capital Connections, companies must have 51% of their operations in an area deemed distressed by the federal government. They must be for-profit operations with revenues of more than $2 million during 2009.

The program is sponsored by the Initiative for a Competitive Inner City, Bank of America and others. It will take place at the Westin Bonaventure on Nov. 15 and 16. Entrepreneur and former basketball star Magic Johnson will be among the speakers. The event will include workshops and a day of so-called speed pitching, in which business owners present their plans to potential investors.

To apply, visit ICIC.org. The deadline for applications is Thursday.

-- Sharon Bernstein