The Business Perspective

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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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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Success in entrepreneurship is at the cornerstone of the Chamber’s work, which is why we advocate for a level playing field in access to capital and new business opportunities for our local, small, and diverse businesses.

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President Joe Biden recounted his first 100 days in office and introduced an $1.8 trillion spending plan entitled, “The American Families Plan,” during an address to a joint session of Congress this week.

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With the passage of the American Rescue Plan (ARP), the Los Angeles region stands to benefit by way of billions of dollars infused into our economy.

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During the last year, as we faced the challenges of the pandemic, we’ve learned much about our communities, our economies, and the inequities in our institutions.

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