Economic Development: Pension Reform
Pension reform has been a key component of the LABC’s local and statewide economic development advocacy efforts. We were early supporters of the California Pension Reform Bill and LABC President Mary Leslie joined Governor Jerry Brown and CA State leaders Speaker John A. Pérez, President Pro Tem Darrell Steinberg, and Assemblyman Cameron Smyth for the signing of the California Pension Reform Bill on September 12, 2012.
The historic legislation implements overdue reforms that will save taxpayers billions of dollars while ensuring that our public retirement system is sustainable for future generations.
Among its many achievements, the new law allows Los Angeles and other municipalities to begin the process of pension reform at the local level – a critical step our cities need to regain financial balance and adequately invest in public services.
Economic Development: CleanTech
The LABC Institute will continue advancing the Los Angeles Business Council’s pioneering work supporting the clean-tech industry in Los Angeles, which includes such fields as renewable energy, green transportation, and energy-efficient lighting. The LABC was a critical early supporter of CleanTech Los Angeles, a collaboration with political, business and research leaders spearheaded personally by Los Angeles Mayor Antonio Villaraigosa, to enhance the L.A. region’s positioning as a global center for the development and deployment of sustainable technologies. In fact, CleanTech Los Angeles’s website was formally launched at the LABC’s Sustainability Summit in 2008.
The LABC plays a critical ongoing role with CleanTech Los Angeles as a founding board member. The LABC Institute will continue to address this issue, and incorporate clean-tech issue items in future events.
LA is experiencing a historic level of investment – not just from the Olympics but from commitments like Metro’s Measure M, the 2022 Super Bowl, the 2026 World Cup etc. At the same time, public agencies have set strong targets for business inclusion. The delta between the 25-30% goals set aside for minority and women owned business and the numbers currently participating are vast. There are few tools available to facilitate this level of small business participation.
Final Report to formally document the output of the Feasibility Study into the design, development and management of a program to open the supply chains of major sporting and infrastructure events to local, small and underserved businesses in the Greater LA Region. It describes the relevant challenges and sets out the characteristics of the optimal solution.
The utility sector has for decades experienced labor market stability due to its strong internal labor markets that assured career mobility by paying strong middle-class earnings. As a consequence, it has had little need to revamp its hiring practices, especially for entry level workers who formed the pool of those promoted internally to more advanced, skilled and often management positions. However, the stability of this employment model is presently being challenged by demographic and technological changes in the industry.
The LABC conducted an analysis of the growing challenges facing utility employers in the Los Angeles region. It did so by conducting interviews with representatives of a variety of stakeholders in the utility sector in the Los Angeles region, including among others, employers, secondary schools, and community colleges, and by examining best practices in workforce development. Based on evidence gathered from this research, this report provides a further analysis of current workforce challenges facing the utility industry and, importantly, proposes solutions based on best practices in the workforce development field as well as on an assessment of the workforce training landscape in the Los Angeles region.