Over the past several years, the LABC has played a large role in the strategic dialogue between government and business leaders in order to construct approaches which will strengthen the commercial, tourism, and governmental relationship with citites abroad.
Los Angeles has established itself as a global partner and with more foreign investment and a greater global presence seen in the horizon, we continue to see the opportunitites to collaborate, learn best practices and faciltiaite meaningful relationships and exchanges while promoting the diverse business community in Los Angeles.
past trade Delegations
Auckland new zealand, May 2016
Front row: LA Mayor Eric Garcetti, Auckland Mayor Len Brown, Guangzhou Vice Mayor Wang Dong Back Row: Nadine Watt, Watt Companies, LABC Chair, Brad Cox, Trammell Crow Company, LABC Institute Chair, Mary Leslie, LABC President, Ludo Campbell-Reid, Design Champion and Manager of the Environmental Strategy & Policy Department, Auckland Council and Deng Xingdong, President, Guangzhou Urban Planning & Design Survey Reasearch Institute (GZPI)
In follow-up to the 2014 signing of a Tripartite Economic Alliance between the sister cities of Los Angeles, Auckland and Guangzhou, Mayor Eric Garcetti today joined with Auckland Mayor Len Brown and Guangzhou Vice Mayor Wang Dong in signing a business-to-business agreement to further develop and share expertise in urban design innovations, architecture and technology-based efforts to support sustainability.
The LABC signed the Memorandum of Understanding (MOU) establishing the Urban Design Alliance between the three cities, on behalf of the Los Angeles business community. The MOU was also signed by leaders of the Auckland Council and the Guangzhou Urban Planning Design Survey Research Institute.
Beyond sharing design principles, sustainability measures and technological solutions to urban issues, the three cities will also identify business partnerships, public/private projects, and bidding processes designed to increase market access for local businesses.
The MOU also calls on each city to “showcase and highlight each other’s projects” at a special event in each respective city. In 2017, the LABC will feature the best urban design projects from Auckland and Guangzhou at its annual Architectural Awards luncheon.
Guangzhou and Auckland are two of Los Angeles’ most well-established and economically important sister cities. The three cities aim to set a new standard for how modern cities can engage and collaborate in the 21st Century, and are working together to enhance trade and economic relations.
The inaugural Tripartite Economic Summit was held in Los Angeles in June 2015, with the theme of ‘Innovation – through Commercialization and Connectivity’. The MOU agreement signed at the 2016 Summit in Auckland solidifies the alliance between the business communities of all three cities.
The 2016 Tripartite Summit provides a platform for business groups and investors from the three cities to engage with local and international entrepreneurs, take advantage of potential business-to-business leads and commercial opportunities, and hear from leading keynote speakers and panelists with sector expertise in areas including entertainment, trade, design, and innovation, among others.
LABC Institute Chair, Brad Cox, Senior Managing Director, Trammell Crow Company presented at the summit about the evolution of downtown Los Angeles. See Brad’s presentation here. LABC Chair, Nadine Watt, President, Watt Companies, presented on the benefits of embracing sustainable practices as a building owner. See Nadine’s presentation here. Andrew Jameson, Managing Partner, Forward Entertaiment Group spoke on a panel about the entertainment industry. See Andrew’s presentation here.
In addition to the Los Angeles Business Council, the business delegation includes representatives from Berman Strategic Advisors, Parsons, 3Blackdot, Trammell Crow Company /CBRE, LA Business Council Institute, American Airlines, Los Angeles, Silicon Valley Bank, Iris TV, Sister Cities, Ownzones Media Network, Holland Partner Group, Causeplay, Forward Entertainment Group, David Nahai Consulting Services, LLC, NBC Universal, Shamrock Capital Partners, Mucker Capital, Larta Institute, and Watt Companies.
MEXICO CITY, MEXICO APRIL 2016
Rich Cherry, Deputy Director, Broad Foundation, Kevin Rice, Diller Scofidio + Renfro, Joaquin de Monet, Managing Principal, Palisades Capital Realty Advisors and Barbara Romero, Deputy Mayor for City Services, Los Angeles accepting the Los Angeles and Mexico City Sustainable Real Estate Award in Mexico City
The Association of Real Estate Developers (ADI) has honored The Broad Museum with its “Los Angeles and Mexico City Sustainable Real Estate Award” for excellence in architectural design, sustainability and civic value.
The establishment of the award is an outgrowth of a developing business and cultural partnership between Los Angeles and Mexico City.
The ADI award symbolizes years of outstanding sustainability building practices and expertise shared between the two cities, and reflects the emerging partnership between Los Angeles and Mexico City. In 2013, the LABC hosted 12 delegates from Mexico to meet with various utility and private solar entities to learn U.S. best practices, incentive programs and technologies in solar power.
In 2014, the LABC partnered with Mayor Eric Garcetti to host Mexico City’s Secretary of Economic Development Salomón Chertorivski Woldenberg for a three-day business development mission designed to strengthen ties between the two economies. Later that year, Mexico City Mayor Miguel Angel Mancera and Mayor Garcetti signed a Memorandum of Understanding to establish the international cities’ economic alliance.
“The LABC is so proud of The Broad for winning this prestigious award,” said LABC Chair Nadine Watt. “And we couldn’t be happier to join with Mayor Garcetti in developing a stronger partnership between our two cities. We have a lot to share, especially in relation to sustainability, architecture and their role in strengthening the fabric of our respective communities. The Broad truly epitomizes all of those qualities.”
China, November 2014
The Los Angeles Business Council and our affiliate, LABC Institute, are honored to lead Mayor Garcetti’s official business delegation in Shanghai and Beijing as part of his first trade mission to Asia.
Last year, the Boards of our two organizations prioritized international trade with Mexico and China as a critical part of our overall economic development platform. Both countries offer growing opportunities for Los Angeles companies to generate jobs and revenue by exporting expertise and products abroad.
In Mexico, LABC members see opportunities in the fields of sustainable energy, infrastructure investment and real estate. Similar opportunities exist in China, where we see the potential to share our local expertise in sustainable design, architecture and renewable energy. Our members also see opportunities for international investment and cooperation in real estate, clean technology, urban planning and transit infrastructure.
Among the events LABC coordinated was the Mayor’s visit to Shanghai Tower in Pudong. The Tower was designed by LABC member and LA-based architecture firm Gensler, in partnership with Chinese architect Jun Xia. In Shanghai, LABC is hosted a business-to-business reception, and participated in a media roundtable on real estate investment opportunities.
In Beijing, the delegation visited Peking University to share information and technologies that address climate change. LABC arranged the signing of a Memorandum of Understanding on clean technology research and development with the American Chamber of Commerce. The delegation also met in Beijing with the Council for the Promotion of International Trade and the Chinese Enterprise Council.
LABC Chair Jacob Lipa, Vice-Chair Nadine Watt and President Mary Leslie lead LABC’s delegation. Leslie was a featured participant in a media roundtable in Shanghai, where she discussed investment opportunities between Los Angeles and China.
“This trade mission provides an opportunity to build partnerships between China and LA-based businesses in areas that are important to LABC members,” said Lipa, who is president of Psomas, a nationally recognized engineering firm based in Los Angeles. “We are particularly focused on identifying shared strategies to achieve ambitious environmental goals. Our two countries are leaders in renewable and clean technologies, and learn much from each other.”
"LABC and the LABC Institute are driving policy development in several areas, including real estate development, housing, renewable energy and workforce development in creative industries including clean technologies, design and fashion," Watt said. "We look forward to participating in the Mayor’s trade mission and sharing Los Angeles’ unique attributes on a global stage.”
“In an increasingly global economy, and as America’s leading trade gateway to Asia, Los Angeles has an abundance of talent, expertise and products to offer,” Leslie said. “We look forward to telling the LA story and strengthening the cultural and business ties between our city and China."
Los Angeles’ economic, educational and cultural links with China are strengthening by the day. Chinese investment in Los Angeles County has doubled in recent years, with China becoming one of Los Angeles County’s top investors. Tourism has nearly quadrupled over the past four years alone, from 158,000 Chinese tourists in 2009 to 570,000 in 2013, making China the top overseas source for Los Angeles tourism. In addition, Los Angeles is America’s top international trade gateway to China and China.s top gateway to the U.S., handling nearly 45% of trade between the two countries. China is also Los Angeles’ top trading partner, accounting for $164.4 billion in trade in 2013. Los Angeles County is host to the largest number of Chinese students of any county in the nation, with the number of Chinese students in local universities increasing from roughly 3,000 in 2009 to roughly 10,000 in 2013.
Los Angeles’ economic, educational and cultural links with China are strengthening by the day. Among the highlights:
Chinese investment in Los Angeles County has doubled in recent years, with China becoming one of Los Angeles County.s top investors.
Tourism has nearly quadrupled over the past four years alone, from 158,000 Chinese tourists in 2009 to 570,000 in 2013, making China the top overseas source for Los Angeles tourism.
Los Angeles is America.s top international trade gateway to China and China.s top gateway to the U.S., handling nearly 45% of trade between the two countries. China is also Los Angeles’ top trading partner, accounting for $164.4 billion in trade in 2013.
Los Angeles County is host to the largest number of Chinese students of any county in the nation, with the number of students in local universities increasing from roughly 3,000 in 2009 to roughly 10,000 in 2013.