Helping Create a More Inclusive Economy
Embracing a broader vision of economic development to drive progress and maintain L.A.’s competitive edge.
In Los Angeles…
L.A.’s thriving economy is one of the strongest in the world
Nearly all companies in L.A. County are small businesses with fewer than 50 employees
More than half of all firms in L.A. County are minority-owned businesses
Los Angeles is a dynamic hub of international trade and innovation, with a booming economy to show for it.
Our city is known as the creative capital of the world, with trailblazing companies and a deep talent pool in entertainment, music, fashion, gaming, advertising and beyond. We also have more people employed in high-tech jobs, including aerospace, than any other metro region in the U.S. L.A. is also the largest major manufacturing center in the U.S., home to the world’s busiest port and airport, a major financial and banking center, and a top global tourist destination.
The LABC has a proven track record of advancing bold economic policy that leads to more jobs, higher incomes, broadly-shared prosperity, and better quality of life for all. We are focused on public policies that cut red tape to more quickly build the housing and modern transportation system that we need to continue attracting top-tier businesses and investment in our city. And we remain committed to promoting programs and policies to support a vibrant, equitable and sustainable economy.
Our Achievements
The City Council Ad Hoc Committee on Job Creation approved LABC’s request to send the “Compete4LA” final report to the Chief Legislative Analyst’s office for study of its findings
January 2019
August 2018
Released “Compete4LA” outlining procurement challenges faced by small businesses
Read the Report
Released “Utility Sector Workforce Development in the Los Angeles Region”
Read the Report
January 2017
June 2015
California minimum wage is increased to $15/hr by 2020 with LABC’s active support
The California Pension Reform Bill is signed into law after years of advocacy by LABC
September 2012
Small Business Spotlight
The LABCi studied the feasibility of implementing a regional clearinghouse in Los Angeles to help small businesses connect to big opportunities during major events such as the Super Bowl, World Cup, Grammys and MLB All Star Game. The concept is based on an innovative system built for the London 2012 Olympic and Paralympic games—a platform that was incredibly successful in helping distribute the positive economic impact of the games to local small and disadvantaged businesses.
The LABCi study is currently undergoing review by the Chief Legislative Analyst’s Office.
Thank you to our supporters and contributors:
UCLA Price Center Board of Advisors, Gay & Lesbian Chamber of Commerce, AIA | LA Political Outreach Committee, JPMorgan Chase Foundation and Local Initiatives Support Corporation (LISC).
News from the labc
Building to Net-Zero
While California and Los Angeles already have the most progressive environmental goals and targets in the country, the California energy agencies the California Energy Commission (CEC) and Public Utilities Commission (PUC) have articulated goals for the state that new residential construction be zero net energy by 2020, and new commercial construction by 2030.
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L.A. Seeks Online Portal for Small Businesses to Compete for Large Contracts
A Los Angeles City Council committee moved forward with a proposal to create a free online database that would link local businesses to major contracts, including ones related to the 2028 Olympics and other major events.
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L.A. Business Council: West Coast’s GDP Up Even As Clean Energy Efforts Ramp
According to the LABC and the UCLA study, the figures undercuts the argument that the U.S. must roll back its climate change policies in order for businesses to remain competitive and to thrive.
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2019 Mayoral Housing Transportation and Jobs Summit
Friday, November 22 | 8:00 am - 2:30 pm | UCLA Luskin Conference Center
Join us for a discussion about the mounting affordable housing and congestion crisis and their effect on businesses and employment in the L.A. region.