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Life after CRA: Learn about the new model for economic development in the City of L.A.

Date: January 15, 2013Time: 12:00 pm - 1:30 pm
Location:  Show map L.A. Area Chamber
350 S. Bixel St.
Los Angeles, CA 90017
Contact: Shannon CooperPhone: 213.580.7565Email: scooper@lachamber.com

Special Briefing: L.A. CAO Miguel Santana, Jan. 15

 
On Tuesday, Jan. 15 at noon at the Chamber, City of Los Angeles Chief Administrative Officer Miguel Santana will present a new economic development plan being considered by Mayor Antonio Villaraigosa and the City Council.

We invite you and your associates to attend this meeting and provide your input on this plan. View the entire report.

The report recommends a new public-private structure for delivering economic development services in Los Angeles. According to the authors, this new structure would deliver a comprehensive suite of economic development functions that include strategic planning for growth, real estate-related services, and business and industry-related services. It would advance important projects, including the type once stewarded by the Community Redevelopment Agency of Los Angeles (CRA/LA), and would have the authority, resources and tools to implement a broad citywide economic development strategy.

The model would include a new Economic Development Department (EDD) to consolidate certain economic development functions from existing City entities, and a new, nimble and independent Citywide Economic Development Nonprofit (CEDN) partner operating under a contract with the new EDD. Both of these organizations would work in collaboration with other related City departments and the City's proprietary agencies, and would be accountable to the Mayor, with appropriate oversight by the City Council.

The authors envision that the proposed EDD and CEDN would enable the City to advance strategic real estate and infrastructure developments; maximize the City's economic development assets, such as underutilized real estate; foster a business-friendly environment; and implement strategic policies and programs informed by long-term analytic thinking, including the revitalization of underserved neighborhoods citywide. Ultimately, this new model would institutionalize a new focus on citywide economic development activities that also incorporates and supports Council District priorities. Once operational, this proposed structure would provide the organizational platform required for the City to create new jobs, attract new business and industries, remain competitive on the global stage in the 21st Century and increase General Fund revenues.

The recommendations presented in this report are based on the HR&A project team's analysis of interviews with 80 key stakeholders involved in economic development throughout Los Angeles, General Managers of City departments, business leaders, nonprofits, developers and community-based organizations; an online survey sent to an additional 130 local stakeholders; detailed analysis of department and agency budget documents, supplemented by additional interviews with department and agency management; review of ongoing work by local universities and non-profits; and detailed case studies of eight U.S. cities with high-performing economic development organizational structures.

Please plan to join us for this important meeting. Register today.

Sincerely,
 
Gary Toebben | President & CEO  
LOS ANGELES AREA CHAMBER OF COMMERCE
350 S. Bixel St. | Los Angeles, CA 90017
Ph: 213.580.7525 | Fax: 213.580.7510
gtoebben@lachamber.com | www.lachamber.com
 

Special Guest:   



Miguel Santana
Chief Administrative Officer
City of Los Angeles
Tuesday, Jan. 15
Noon - 1:30 p.m.

L.A. Area Chamber
350 S. Bixel St.
Los Angeles, CA 90017 
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For more information, contact Ruben Gonzalez, 213.580.7568.