Blogs of the LA Area Chamber

California Governor Gavin Newsom signed SB 129 on Monday. The legislation reflects the majority of the state budget agreement, a $100 billion investment which capstones the California Comeback Plan.

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Eliminating barriers and maximizing access to opportunity is at the core of our work at the Chamber in support of our region’s small business community. In Los Angeles County alone, 93% of businesses have fewer than 20 employees in a community with the highest concentration of women and minority owned businesses in the country.

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Among the lessons learned during the COVID-19 pandemic, one which remains abundantly clear is that we must be better prepared for natural disasters in all their forms.

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The pandemic has been devastating for the small business community in the Los Angeles region. Businesses led by women and people of color have been disproportionately impacted – serving as yet another reminder: it’s the most vulnerable who are often the hardest hit in any economic disruption.

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With COVID-19 restrictions lifted throughout California this week, the state is poised to begin a bold recovery. June 15, 2021 will be remembered as the start of our economic recovery, and while change won’t occur overnight, the lifting of restrictions marks the first real sign of hope since the pandemic began.

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We are excited to congratulate the impressive list of business, community, academic, and civic leaders on the L.A. Business Journal’s LA500.

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In April, it officially became safe for Los Angeles Unified School District to reopen its schools. The Chamber is working to ensure that every organization, business, and community opens as safely as possible, with special emphasis on ensuring the health and safety for children, staff, and faculty within our schools.

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The COVID-19 pandemic unveiled the reality of longstanding inequities and disparities in our society. It became clear early in the pandemic that under-resourced communities of color were seeing higher rates of infections, hospitalizations and deaths from the disease. These same communities also experienced increased risk because they were less able to comply with public health recommendations due to circumstances that existed prior to the pandemic, such as living in crowded conditions, serving as essential workers, and relying on public transportation.

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In the pre-COVID-19 world, we have celebrated the gains women have made in the workplace; but, today, women find ourselves facing a real dire situation.

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Two years ago, I wrote about the new corporate purpose, a statement the Business Roundtable put forward to redefine the purpose of a corporation. It was a recognition that serving customers, employees, suppliers, and communities, as well as shareholders, is a better definition of the role of a major corporation than previous iterations.

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