Local bank wants to help high-tech entrepreneurs

The parent company of Riverside-based Security Bank of California has entered into an agreement that will provide venture capital to people who are interested in starting high-tech projects.

James A. Robinson, chairman and chief executive of Security California Bancorp, called the partnership with Grayhawk Capital an attempt to create jobs and support economic development in the Inland Empire, according to a published report.

Grayhawk, which will operate the program, plans to focus on new and growing technology companies in the southwest United States that can show potential for growth, according to the report.