published on March 2, 2017 - 4:24 PM
Written by The Business Journal Staff

(AP) — A California billionaire has donated $5 million for flood relief efforts in San Jose.


Kieu Hoang is a one-time refugee from Vietnam who built a fortune in medical products.

He presented a check to city officials Wednesday. The money will go toward a relief fund that counts the American Red Cross, Catholic Charities, and the Salvation Army among its recipients.

City officials ordered more than 14,000 residents to evacuate part of the city last week as water flooded homes and temporarily shut down a portion of a major freeway.

Assistant City Manager David Sykes said earlier this week that an initial estimate put the damage costs at $73 million in the city alone.


e-Newsletter Signup

Our weekly poll

Are you willing to travel for business again?

Loading ... Loading ...

Central Valley Biz Blogs

Popup
shares

3/5

Article views

remaining

Sign up icon

To continue website access to

TheBusinessJournal.com

please create a FREE account OR login here.

1/5

Article views

remaining

SKIP THE POP-UPS
For only $59 for one 1-year you will receive the Print edition along with EVERYTHING The Business Journal has to offer digitally, PLUS you will have unlimited 24- hour a day access to view articles at

TheBusinessJournal.com

Use Promo Code

*New Subscribers Only

Digital and Print

XX Days Remaining

until you can view 5 more free articles

Sign up icon

Want access? Subscribe now & save $20 OFF.

Use Promo Code

WEBSUB20

* NEW SUBSCRIBERS ONLY