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
Small Business Spotlight
The LABCi studied the feasibility of implementing a regional clearinghouse to leverage major sporting and entertainment such as the Super Bowl, World Cup, Grammys and College Football Playoffs in Los Angeles to help small businesses connect to public and private procurement opportunities. 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, Los Angeles Gay & Lesbian Chamber of Commerce, AIA | LA Political Outreach Committee, JPMorgan Chase Foundation and Local Initiatives Support Corporation (LISC), Office of County Supervisor Mark Ridley-Thomas and the LA County Department of Consumer and Business Affairs .
News from the labc
L.A. CITY COUNCIL VOTES TO EXPAND ACCESS TO OPPORTUNITY FOR MINORITY AND SMALL BUSINESSES VIA NEW ONLINE PLATFORM
The Los Angeles City Council voted today to fund the replacement of the city’s antiquated procurement interface with a new, modern system that will expand opportunities for L.A.’s small, diverse, and disadvantaged businesses with public agencies and major...
A Los Angeles City Council committee today approved a series of recommendations that pave the way for the creation of a free, transparent, and open supply chain inclusion program. The City’s recommendations are based off the Los Angeles Business Council Institute’s...
It can be hard to capitalize on a good opportunity, for even the most experienced in the business. Los Angeles has a lot going on—we are an economic hub and a leader in some of the fastest growing industries in the world-- but even with all of this activity, often...