Business: Made in California

Southern California bustled past a milestone in the U.S. textile industry last week.

¶ The Bank of America closed deals for three new factories—a rayon mill, a hosiery mill and a suit manufacturing plant.

¶ An eastern corporation was rumored to be negotiating for land to build a California manufacturing plant.

¶ More than 3,000 apparel buyers from all over the U.S. and Hawaii splashed through a Los Angeles rainstorm, scrambling to place orders for spring and summer sportswear from the 1,000 small factories already operating.

All of this, except the almost blasphemous weather, was good and exciting news to the local citizenry. Eight years...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!