Blog / The Business Perspective

The Promise of the Olympic and Paralympic Games for Los Angeles

As the world watches Paris host this year’s Olympic and Paralympic Games, Los Angeles is buzzing with anticipation for the 2028 Games, the FIFA World Cup in 2026, and the Super Bowl in 2027. These global sporting events will not only showcase athletic excellence but also highlight our city's innovation and resilience, promising long-term benefits and lasting economic impact.

Mayor Bass’s recent visits to Paris have provided incredible insights, best practices, and strategies for Los Angeles to deliver an exceptional Olympic experience. The Chamber will play a crucial role as a strategic partner, a convenor in public-private sector collaboration, and a leader beyond the Games to help build a thriving region.

Strategic Investments in Infrastructure
Significant infrastructure investments, including transportation and public facilities, are underway. Expanded transit systems and upgraded facilities will enhance the city’s efficiency, creating a world class environment to attract premier events. The Chamber will continue to champion these investments.

Job Creation
The preparation and execution of these global sporting events will create jobs across various sectors, including construction, hospitality, and retail. The demand for a prepared workforce will surge, providing employment opportunities for thousands of Angelenos.

Transformational Economic Growth
The visibility and prestige of hosting the Olympic Games will attract new business investments, creating a ripple effect of growth and prosperity, which extends beyond the Games. With over $150 billion expected to flow through L.A.'s regional procurement economy over the next decade, our region is poised for unprecedented economic growth. The Chamber is working with a broad coalition to ensure that small businesses also have the opportunity to participate in contracting opportunities through initiatives like "Get in the Game." We are committed to working with local businesses to ensure they are well-prepared to seize these opportunities.

Community Engagement
The Olympics will offer a unique opportunity to unite our diverse communities. By fostering a spirit of inclusivity and participation, we can strengthen community ties and instill a sense of pride and belonging among residents.

No doubt that communities throughout Los Angeles will benefit from these global events. The Chamber stands ready to provide the support needed to ensure a bright future for Los Angeles.

 

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