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Successes in Business Attraction, Retention & Expansion
The LAEDC’s Business Assistance Program assisted in retaining 112 jobs in LA County for an engineering/manufacturing company that produces components serving the commercial airplane industry. The benefits of the Long Beach Enterprise Zone carried significant weight in management’s decision to stay in our region. Company’s headquarters will remain in Torrance, California. Find the LAEDC Business Assistance Program Regional Manager in your area here. |
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Featured Event
LAEDC Mid-Year Economic Forecast
The Future of Energy in the Southland
Innovation plays an important role in enhancing the economic com-petitiveness of the Southern California region. Join us at the LAEDC Mid-Year Economic Forecast and hear from people and organizations that continue to stretch the boundaries and have proven to be leaders in innovation.
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Confronting Your Company’s Most Pressing Staffing Challenges
Join us on June 25, 2013 from 12:00PM – 1:00PM to learn via webinar how your business can overcome some of its most daunting and immediate staffing challenges (such as turnover of your employees, attracting the right talent, and dealing with cyclical hiring) through the LAEDC’s new Better Business Webinar Series. Our guest speaker will be Carol Schenk, Regional Director for Southern California & Hawaii at Manpower.
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LAEDC Urges the Protection and Rational Reform of Enterprise Zones
California’s 30-year old, proven economic development program… don’t eliminate it, improve it
To respond to the Governor’s proposal to eliminate the state’s Enterprise Zone (EZ) program and to replace the program with three alternative economic development tools, the LAEDC drafted and issued a letter with support from over 70 organizations, local governments, and businesses throughout the state, urging the Governor to avoid eliminating the program through the truncated budget negotiation process and engage in a more thoughtful and deliberative process to ensure the most successful outcome toward growing, attracting and retaining jobs in California. We are also looking to add additional support to the letter as well, please contact David Flaks at [email protected] if you have any questions or would like to get involved.
Update: The Legislature passed the budget on June 14, 2013 without EZ elimination and the replacement programs included. However, lawmakers are still working on the issue and could pass legislation regarding EZs separate from the main budget bill since the Governor’s plan is intended to be revenue-neutral and bills can be taken up outside of the budget process. It is important to note that any replacement of the EZs would require a two-thirds vote of the Legislature as it is tantamount to a tax increase on some taxpayers. At the end of the day, we need to remain vigilant by not only supporting the program’s continuation but by proposing our own EZ program improvements to make the program more transparent, accountable, effective and less costly, because a bill eliminating the program and/or creating these three additional alternatives could pass at any time before the close of the legislative session in mid-September.
Go here to download the letter and find out more about the LAEDC’s longstanding work on protecting the Enterprise Zone program.
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LAEDC Economic and Policy Analysis Group Release Workforce Development Study
“INDUSTRY AND LABOR MARKET INTELLIGENCE FOR LOS ANGELES COUNTY”
In order to develop an informed strategy for the focus and delivery of their services, the Los Angeles County Workforce Investment Board commissioned the LAEDC’s Economic and Policy Analysis Group (EPAG) to gather labor market and industry intelligence in support of their strategic planning efforts and those of other regional WIBs.
This study provides demographic information, regional labor market supply and demand intelligence, and occupational analysis, which covers the current occupational makeup of the region and occupational projections for the next five years.
Download the full report here.
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Pico Rivera Takes Steps to Become More Film Friendly
Adding to the growing list of cities signing onto the LAEDC Film Friendliness Initiative
“We wanted to join the region in creating a more film friendly atmosphere.” – Benjamin Martinez, Director of Community Development, City of Pico Rivera
The City of Pico Rivera joins several cities throughout the region in aligning itself with the California Film Commission’s recently revised Model Film Ordinance (MFO) and Best Practices–together, the Film Friendliness Initiative–which stemmed from discussions in the LAEDC State & Local Policy Working Group with the Film Commission, FilmL.A., Inc., several local cities, and a variety of studios and business leaders. To-date, the cities of Arcadia, Carson, Duarte, Pico Rivera, Simi Valley, and Torrance have all taken efforts to change their policies and procedures to become more film friendly–recognizing the importance of filming to our regional economy and its direct and indirect positive fiscal impacts to their city’s tax bases. The Southern California Association of Governments (SCAG) also encouraged all 191 member cities to adopt some version of the MFO and Best Practices.
To download a copy of the MFO and Best Practices or to find out more about the Film Friendliness Initiative, go here.
If you are a city that would like to get involved and become more film friendly, please contact David Flaks at [email protected].
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 LAEDC Hosts 2nd Annual LA County Regional Forum
On June 6, 2013, the LAEDC hosted the California Economic Summit’s 2nd Annual Regional Forum–an effort that brought together leaders in land use, infrastructure, capital, innovation, regulations, and workforce development to discuss LA County’s challenges and to identify regional priorities in each of these areas that state leaders can adopt to achieve a stronger economy, healthier environment and shared prosperity for the residents and communities of Los Angeles County. These priorities will be combined with the priorities of Californians in other economic regions–all of which held similar regional forums–and offered to state leaders at the Second California Economic Summit, which will be held in Los Angeles on November 7-8, 2013.
If you didn’t make the event, the Regional Forum Briefing Book is made available here. Check back frequently as news and updates will be made available on a regular basis.
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