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In the News
"U.S. economy grew 3% in final quarter of 2011" read >>
"New Alaska Airlines terminal dedicated at LAX" read >>
"Conference in L.A. reflects city's rise as ad industry hub" read >>
"Tourism spending in U.S. surged 8.1% last year to $1.2 trillion" read >>
"Nationwide push to boost exports is launching in Los Angeles" read >>
"U.S. home resales have best winter in 5 years" read >>
"Retail sales rise 1.1% in February; biggest gain since September" read >>
"Construction jobs increase in California, 34 other states"
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"House passes small-business bill with broad bipartisan support" read >>
Photos
*Chinese Vice President Xi Jinping, US Vice President Joe Biden, and Los Angeles Mayor Antonio Villaraigosa visit the International Studies Learning Center (ISLC) in South Gate, CA.
*Mayor Villaraigosa speaks at the US - China Economic and Trade Forum. This historic forum, hosted by the Chinese Ministry of Commerce, emphasized the positive trade relationship between US and China and highlighted future trade opportunities.
*All trucks must meet the 2007 Federal Clean Truck Emissions Standards otherwise they will be banned from the Port
*The New TBIT is the “crown jewel” among nearly 25 projects in Phase 1 of the overall LAX capital improvement program to modernize both international and domestic terminals, as well as the airfield.
*Artist rendering of the New Tom Bradley International Terminal (New TBIT) after completion.
*Mayor Villaraigosa, joined by Lucky Brand C.E.O David Demattei and Lucky Brand Executive V.P. Patrick Wade, on the second floor overlooking the indoor boulevard inspired by 1940's architecture.
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Welcome!
Welcome to the Los Angeles Works Newsletter. Each month, we will announce new resources and developments through this newsletter. The Mayor’s Office of Economic and Business Policy (OEBP) publishes the Los Angeles Works Newsletter to advance its mission of retaining, growing and attracting quality jobs and businesses to Los Angeles.
We welcome your feedback on how we can improve the newsletter and our support of Angelenos and LA’s business community. If you would prefer not to receive this newsletter, you can unsubscribe here.
Find Support for Your Business in LA
New BusinessSource Centers Help LA Businesses Start and Grow
Mayor Villaraigosa, joined by joined Councilmember Jose Huizar and other local business leaders and organizations, commemorated the grand opening of the Boyle Heights BusinessSource Center. The Boyle Heights Center is one of six business support centers across the city that provide services to help small businesses start, grow and remain competitive within the City of Los Angeles.
The LA BusinessSource Center network is part of the Mayor's Office of Small Business' effort to expand support for key job creators in LA. The City is home to 325,000 small businesses, making Los Angeles the largest small business community in the country.
"Small businesses are the backbone of our local economy," said Mayor Villaraigosa at the East Los Angeles BusinessSource Center. "We are reopening the BusinessSource Centers to give entrepreneurs the tools they need to create jobs and grow their businesses."
The Centers facilitate business growth and competitiveness within the City through direct training and other services for LA businesses and residents. These services include educational workshops, business and marketing technical assistance, and assistance with access to capital. The Office of Economic and Business Policy played a significant role in implementing a refined program structure at the BusinessSource Centers which will enhance outcomes at each center.
“These Los Angeles BusinessSource Center provide the kind of real-world expertise, training and support that businesses need in these challenging economic times,” said Councilmember José Huizar.
Along with the Boyle Heights center, five additional BusinessSource Centers are open to serve LA’s small businesses in Central/West Los Angeles, the North and South Valley, the Harbor region, and South LA. With the opening of these centers, businesses have greater access to the tools they need to flourish, create jobs, and contribute to the ongoing recovery of the Los Angeles economy.
To find a BusinessSource Center near you, visit LABusinessSource.org
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Business Spotlight: Mayor Welcomes Chinese Vice President Xi to LA to Strengthen Economic, Cultural Ties
On February 16th, Mayor Villaraigosa welcomed Xi Jinping, the Vice President of the People’s Republic of China, and his delegation of over 450 representatives from China to the City of Los Angeles. This was the first visit of a high-level Chinese dignitary to Los Angeles in 13 years. Xi has been China's Vice President since 2008, and is expected to replace Hu Jintao as the President of China. He has also served as Vice-Chairman of the Central Military Commission, President of the Central Party School, and is ranked number six on the Politburo Standing Committee.
Vice President Xi's visit is especially important due to China's impact on Los Angeles and our local economy. China has been LA's top trading partner since 2002, and accounts for 40% of all international trade passing through the Los Angeles Customs District. Our docks, rails, and roads handle over $120 billion of the goods that flow between China and the United States. Furthermore, China contributes significantly to our tourism industry. Each day, six flights full of tourists and business travelers arrive at LAX from China.
Signifying the importance of our trading relationship with China, Mayor Villaraigosa welcomed Vice President Xi to Los Angeles by taking him on a quick tour of China Shipping’s terminal at the Port of Los Angeles. The Mayor showcased the expansion of China Shipping’s terminal from 72 acres to 142 acres, which includes an additional 2,500 feet of wharf space to accommodate a maximum of 1.5 million 20-foot containers. Given the international attention to the Port's environmental achievements, the Mayor also highlighted the fact that China Shipping was the first terminal in the world to use shore side power, also known as Alternative Maritime Power (AMP). When China Shipping completes the terminal expansion, the operations will support 8,400 additional direct and indirect jobs.
To build on the strong economic relationship with China, the Chinese Ministry of Commerce, in partnership with the Mayor's Office of Economic and Business Policy, hosted a US-China Economic and Trade Cooperation Forum. At this forum, the Mayor and Deputy Mayor Matt Karatz addressed hundreds of business and political leaders in attendance and highlighted tourism and international trade opportunities between China and Los Angeles while addressing the strong cultural and business ties that already exist between LA and China
Subsequently, a signing ceremony was held where 30 agreements were signed between Chinese and American companies. Several of those companies included DreamWorks, Pfizer, Ford, Honeywell and Great Point Energy. Mayor Villaraigosa also hosted a luncheon in honor of Vice President Xi which that attended by U.S. Vice President Joe Biden, California Governor Jerry Brown, Secretary of Commerce John Bryson, and Ambassador to the People's Republic of China, Gary Locke.
At the signing ceremony, Deputy Mayor Matt Karatz signed a memorandum of understanding with the City of Chongqing, China’s most populous city. The MOU will facilitate the opening of a Los Angeles tourism office in Chongqing. The Deputy Mayor also signed an MOU with ZTE, a Chinese multinational telecommunications equipment and systems company. This MOU will facilitate ZTE's expansion in California, giving them a stronger presence in North America.
The City of Los Angeles and China have a rich tradition and a bright future for advancing mutual interests. The threads of a shared history and culture also tie China and the City of Los Angeles together. Approximately 360,000 Chinese live in LA County– more than any other county in the US. USC has the highest number of Chinese students of any university in the US, followed by UCLA. A Los Angeles County Economic Development Corporation (LAEDC) report estimates that in total, more than 3,000 Chinese students are currently attending college in Los Angeles. When they graduate and go on to to pursue their careers, these young professionals will become important new links between the two regions. Today, Los Angeles’s Chinese-American community is a sparkling strand in the colorful weave of cultural and civic life in this city. As the soon-to-be President of China, Vice President Xi’s vision is united with Mayor Villaraigosa’s--as both leaders look to further strengthen the diplomatic relationship between China and Los Angeles.
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LA Business Headlines
Clean Truck Program Helps Port Grow Clean, Green, and Prosperous
2012 marked a bright green milestone for the City’s Clean Truck program, instituted in 2006 under Mayor Villaraigosa’s leadership: as of January 1 every drayage tru ck entering the Port of Los Angeles is required to meet EPA 2007 or better clean diesel standards. This gives the Port of LA the distinction of having the highest clean air and safety standards of any major port in the world.
"The Port of Los Angeles, along with our industry partners, has made the business of moving cargo cleaner," said Port Executive Director Geraldine Knatz, Ph.D., "The results speak for themselves, and we couldn't be more proud of reaching this milestone."
The Clean Truck program has far exceeded the program’s original goal of cutting truck emissions in half. Since 2006, Sulfur oxide emissions from trucks have been cut by 92%, diesel particulate matter by 89% and nitrogen oxides by 77%. In addition to putting cleaner diesel fuel trucks on the road faster, the program has also brought about the operation of 900 trucks whose engines run on alternative fuels like natural gas.
“The Clean Truck Program has greened our port for the long haul and ensured Angelenos will breathe cleaner air for generations to come,” Mayor Villaraigosa said. “We have proven that we can increase economic and environmental sustainability at the same time. With $1.5 billion worth of investments in capital improvement projects over the next five years, we plan to keep the Port’s status as the nation’s premier trade gateway.”
More than 43,000 direct jobs are connected to marine terminal operations at the Port, and the Clean Truck Program has allowed the Port to continue to grow while ensuring that environmental impacts on adjacent communities are reduced and mitigated. The Port is advancing its greening efforts through further programs, including a pilot program to test a commercially feasible zero-emission truck.
Ernst and Young Launches 2012 Entrepreneur of the Year Program
Mayor Antonio Villaraigosa attended the launch of the 2012 Ernst & Young Entrepreneur of the Year (EOY) Program, held on the occasion of the program’s 26th anniversary of serving Los Angeles. The reception brought together approximately 100 business leaders from throughout Greater Los Angeles to honor past recipients of the program’s awards, which celebrate entrepreneurs who show vision, leadership, achievement and social responsibility. Over the past three years, Greater Los Angeles semi-finalists of the EOY program awards have generated more than $17 Billion in revenue and accounted for 64,000 jobs. Ernst and Young is a huge asset to the local economy, employing over 1,200 workers in the City of Los Angeles.
New Bradley International Terminal Will Be a Gateway for Increased Tourism and Jobs
Mayor Villaraigosa took a sneak peek tour of construction at the new Tom Bradley International Terminal at Los Angeles International Airport (LAX). The improvement and expansion of the Bradley terminal is part of a $4.1 billion modernization program at the world’s fifth-busiest airport, which will create nearly 40,000 jobs for Angelenos. The new terminal will help LAX become an even more significant driver of the Los Angeles economy, and will provide ultramodern amenities including state-of-the-art concessions, information systems, passenger facilities, and art installations.
“We need a modern airport that can continue to attract airlines and passengers, as well as accommodate the next generation of airplanes,” stated Mayor Villaraigosa. “The work you see underway will help strengthen Los Angeles’s position as the gateway to the Pacific Rim.”
By early 2013, an iconic “Great Hall” section of the Tom Bradley International Terminal is scheduled to open and will welcome tourists and business travelers to Los Angeles. When the new terminal is fully operational there will be nine new boarding gates capable of accommodating the next-generation of super jumbo planes, such as the Airbus A380.
Lucky Brand Opens Brand New Headquarters in Downtown Los Angeles
On February 22nd, Mayor Villaraigosa joined Councilmember Jose Huizar and the CEOs of Fifth and Pacific Companies and Lucky Brand for the grand opening of the new Lucky Brand Headquarters in the downtown Arts District. To facilitate the company’s move from the City of Vernon to the City of Los Angeles, Mayor Villaraigosa directed his staff in the Office of Economic and Business Policy to work closely with C.E.G. Construction, the developer of the building, and Lucky Brand to troubleshoot issues in the permitting process. The Mayor’s business team contacted C.E.G. and Lucky Brand on an ongoing basis to help resolve any development related issues during the construction phase for this brand-new facility.
"I am thrilled to welcome Lucky Brand to the Creative Capital of the World," said Mayor Villaraigosa. “We are serious about attracting employers to Los Angeles and cutting the red tape that too often kept them away in the past. That is what today is all about, creating a healthier environment for job creation in LA.”
Lucky Brand’s relocation will bring approximately 250 new jobs to the City of Los Angeles. By troubleshooting issues and resolving difficulties, the City was able to help Lucky Brand open their new headquarters more quickly and start generating economic impact and creating jobs in Los Angeles. Lucky Brand's decision to relocate jobs to the City of Los Angeles follows similar moves by Google, Coda and Belkin.
The fashion industry is a key driver of Los Angeles’s creative economy, accounting for 13 billion in annual revenue for wholesale manufacturing; 7 billion in direct and indirect wages and 110,000 direct jobs at 10,000 companies.
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