Los Angeles Regional Export Council (LARExC)
Creating Jobs Through Exports
"We in Los Angeles are not waiting for Washington to create jobs. We launched the Los Angeles Regional Export Council to help make it easier for local businesses to find the export assistance they need to grow their businesses and create new jobs." -Mayor Antonio Villaraigosa |
About LARExC
Mayor Villaraigosa has launched LARExC - the Los Angeles Regional Export Council, a public-private partnership between government, business, and educational institutions that is working to coordinate and streamline export services in the Los Angeles region. LARExC is a model for regional export plans around the country, and is leading the way to economic recovery through exports of goods and services.
LARExC is in the process of working with regional leaders in international trade to streamline the region's export support services and help LA businesses reach international markets. Studies show that 95 percent of the world's consumers live outside the US, and that 85 percent of economic growth willl happen outside of the US in the next five years. Helping LA businesses reach these growing markets is critical, as every $1 billion in exports creates 5,500 new jobs.
LARExC is a collaboration of regional export service organizations, including seven key partners:
LARExC is funded by contributions from City, State, and Federal sources, as well as from the private sector. JP Morgan Chase recently became the first private sector investor to commit funding to LARExC.
The Los Angeles Regional Export Plan
In partnership with the Brookings Institution, Mayor Villaraigosa initiated the creation of the Los Angeles Regional Export Plan. This plan identifies Los Angeles's key export strengths and opportunities, and sets the foundation for LARExC's initiatives and programs.
Read the Los Angeles Regional Export Plan (PDF).
Current LARExC Programs
- MBA Export Champions: As a key program overseen by LARExC, the "MBA Export Champions" program connects local MBA students from the UCLA Anderson School of Management and USC Marshall School of Business with LA businesses to help export-ready firms in LA develop sound business plans and reach foreign markets. For more information and to apply, click here.
- Americas Business Forum: An annual US conference focused on business and exporting opportunities in the Americas. For more information, click here.
- Export 101: Trade Connect, presented by the Port of Los Angeles and Los Angeles World Airports, is an introductory workshop on the basics involved in exporting, including costs, risks and steps. Taking export training further, CITD offers export readiness assessment and a seven step export enabler program. For more information on CITD services, click here.
- Asia/Pacific Business Outlook: The premier business conference focused on trade and investment in Asian markets, held annually in Los Angeles. For more information, click here.
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