Blogs of the LA Area Chamber

As a convener of thought leaders in the Los Angeles community and in celebration of Pride Month, we are pleased to welcome the Chamber's partner and friend, Mark Morales, Chair of the California State Insurance Commissioner's Insurance Diversity Task Force, as the guest author of this week’s Business Perspective.

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At the L.A. Area Chamber, we have a deep legacy of building up Los Angeles, addressing challenges, bringing about solutions, and ensuring opportunities for all. That legacy is about collaborating with both government and the community for the mutual benefit of creating systems which work equitably.

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The pandemic created immense uncertainty in labor markets, and now, retaining employees is a real challenge, especially for small businesses. In an effort to help our local and small businesses, the Employee Retention Tax Credit (ERTC) was established by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This provides a credit to small and medium businesses (including tax-exempt charities) for qualified salaries and health benefit expenses incurred during the pandemic.

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With the primary election around the corner, it is critical we are prepared to cast our vote and make our voices heard. Every election is important, but this year, Election 2022, Los Angeles residents will see significant changes in elected leadership across all levels of government.

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