Blogs of the LA Area Chamber

In my final Business Perspective of 2016, I want to say thank you to the 1,650 member companies and organizations who support the mission and work of the Los Angeles Area Chamber of Commerce. When the Chamber was founded in 1888, 54 business owners signaled their commitment and determination to make L.A. an economic powerhouse and a great place to live and visit. Only 50,000 people lived in L.A. at that time.

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In almost every county across California, regardless of its political leaning, at least one in 10 people has health coverage because of Obamacare.

And in some counties, almost one-fifth of the population is eligible for insurance under the Affordable Care Act, either through the expansion of Medi-Cal or Covered California, the state-run health insurance marketplace that offers subsidized private coverage.

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California and Los Angeles are in the midst of a housing supply and affordability crisis that is threatening our economy and our quality of life. We are only building one new housing unit for every eight new residents. Last month, an analysis of data from the U.S. Census Bureau showed that millennials are leaving L.A. at one of the highest rates in the country. Over the last 10 years, the number of County residents between the ages of 18 and 35 decreased by 7.4 percent. The home of Hollywood, Silicon Beach, world-class universities and a revitalized downtown is losing some young wage earners because they can no longer afford to buy or rent a home in our city.

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It has now been more than a year since the Aliso Canyon gas leak temporarily shuttered one of this region’s most critical pieces of energy infrastructure. The impact on adjacent communities was significant, but after much work, the leak was stopped and new, stringent safety measures have been implemented. Yet, the facility still sits idle. It’s time to change that.

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