L.A. Business This Week

 

     
Thursday | March 31, 2011
     
 

IN THIS ISSUE

This Week At The Chamber
Read the latest happenings

Member News
Read good news from Chamber members

Issues of Interest
Read about what's going on in your community

  COMING UP AT
THE CHAMBER
 
     
 

WED | April 6
Member Orientation
more info |
register

THU | April 7
Government & Civic Issues Council
L.A. City Budget Reform
more info |
register

FRI | April 8
Joint Health Care and Education & Workforce Development Councils
Increasing the Health Care Diversity Workforce Pipeline
more info |
register

View all upcoming events on our Web Calendar.

 
     
 


OVERHEARD

 

"Under the new Census data and redistricting coming up, we know that the Inland Empire region will gain more political power, but are our leaders ready?"

Cassie MacDuff, columnist for the Press-Enterprise, at the Leadership Southern California 2011 seminar in the Inland Empire, March 25.


  Media Highlights  

 

 

Villaraigosa and Boxer are joined by GOP and business leaders in call for more federal transportation money
Los Angeles Times, March 30
Read more

While screaming about taxes, consider a few other issues
Los Angeles Times, March 28
Read more


 
   
 


AMERICA FAST FORWARD KICKS OFF CALL FOR NATIONAL TRANSPORTATION INVESTMENTS
"America Fast Foward," known locally as the 30/10 Initiative, kicked off Wednesday on Capitol Hill. "We can create jobs, reduce pollution and ease traffic congestion across the nation. This is the kind of initiative that I believe the House and Senate can work together on," said Sen. Barbara Boxer. Chamber President & CEO Gary Toebben joined legislators and business leaders including from left to right: Mayor Scott Smith of Mesa, Arizona; Tom Donohue, president and CEO of the U.S. Chamber of Commerce; Mayor Antonio Villaraigosa; Richard Trumka, president and CEO of the AFL-CIO; and Sen. Boxer, chair of the Senate Transportation Committee. Rep. John Mica, chair of the House Transportation Committee, attended the news conference but is not pictured. (Photo courtesy of U.S. Chamber of Commerce) View the press conference


Chamber-supported project receives approval from L.A. City Council
On Tuesday the Chamber testified at the final hearing on the Wilshire Grand project, which was heard and approved by the L.A. City Council. This project will be the first new skyscraper built downtown in 20 years. This project brings more than a billion dollars in investment into our local economy and creates thousands of construction jobs and permanent employment for current hotel workers. The City Council unanimously approved plans to replace the Wilshire Grand hotel with a 45-story luxury hotel with residences and a 65-story office tower. The Chamber strongly supported the Thomas Properties Group, Inc. and Korean Air project, which is designed by AC Martin Partners. Contact Beverly Kenworthy, 213.580.7531.

Southern California Leadership Network hosts discussions on California reform
The Southern California Leadership Network, in partnership with California Forward and Hispanas Organized for Political Equality, recently hosted a series of dialogues aimed at engaging a wider group of stakeholders in California reform. Nearly 100 attendees total came together in Los Angeles, San Bernardino, Van Nuys and Long Beach to discuss options for California government reform, including giving local governments more control. California Forward will take suggestions from attendees with the intention of crafting ballot initiatives or legislation around ideas brought forth. Visit California Forward to get involved and include more suggestions. Above, Chamber Board Member Robert Hertzberg, Mayer Brown LLP speaks with attendees in Van Nuys. Contact Kamilah Martin, 213.580.7549.

Chamber small businesses meet with experts on regulatory reform
With more than 3.5 million small businesses in California, it's important for small business groups to form an alliance and speak with one voice, said Marty Keller, director of the Office of Small Business Advocate, California Governor's Office of Planning and Research, at the Chamber's Small Business Council, sponsored by Wells Fargo, Thursday. "Fear drives you to be creative. A great small business will look at this as an opportunity," Keller said. John Kabateck, California Executive Director, National Federation of Independent Business; and Chamber Board Member Karen Hathaway, Los Angeles Athletic Club, also spoke about regulatory reform for small businesses. "We need folks in Sacramento to look at the plethora of regulations and streamline so that small businesses can do what we do best," Hathaway, above, said. Contact Pat Clark, 213.580.7595.

good news
 

Bank of America hires more than 100 new small business bankers
As part of its plan to hire more than 1,000 new small business bankers across the nation, Bank of America recently announced that it has already hired 110 small business bankers in the Greater Los Angeles area. An additional 70 small business bankers will be hired through the remainder of the year across Southern California. Los Angeles was among the first three markets to begin hiring, along with Dallas and the Baltimore-Washington, D.C. area. Read more.

Chivas USA launches month-long environmental awareness campaign
Club Deportivo Chivas USA and MLS W.O.R.K.S., Major League Soccer's community outreach initiative, will launch a unique recycling contest at three local schools as part of the club's month-long "Greener Goals" campaign. The contest will challenge students, teachers and parents to fill 20 bins with recyclables from April 4-15, and will be judged on the amount of material collected within that time period. Read more.

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  ISSUES of interest  
 
 

U.S. Economic Forecast
Beacon Economics forecasts the U.S. economy to accelerate in 2011 and expects growth rates in the 3-4 percent range. Growth will likely continue into 2012, but there are significant mid-term worries as the
economic expansion is being driven by fiscal and monetary policies—policies that will need to be reversed eventually. Read the latest quarterly economic forecast for the United States and California.



 
 

 

 



 
   
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The Los Angeles Area Chamber of Commerce is the voice of business in L.A. County. Founded in 1888, the Chamber promotes a prosperous economy and quality of life in the Los Angeles region. For more information, visit www.lachamber.com