The Business Perspective

As a convener of thought leaders in the Los Angeles community, we are pleased to welcome John Baackes, CEO of L.A. Care Health Plan, as the guest author of this week’s Business Perspective.

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We are saddened by the passing of Senator Dianne Feinstein. She was a fierce advocate for all Californians and a trailblazer within our state and the Washington, D.C. political establishment. She will be remembered as a person with exceptional integrity and grit, who fearlessness took on tough issues.

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We are celebrating Hispanic Heritage Month, recognizing the unique and diverse cultures, traditions, and contributions of the Latino community in the U.S. and the Los Angeles region. At the Chamber, we are highlighting our members and the important contributions they are making to the region.

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For 135 years, the Los Angeles Area Chamber of Commerce’s work has been rooted in a deep commitment for a thriving Los Angeles region, where economic prosperity can be achieved by all. This week, the Los Angeles City Council recognized the Chamber for its service to Los Angeles over this period of time.

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With historic federal investments in the nation’s infrastructure, California and regions like Los Angeles stand to benefit from the billions to improve roadways and bridges, freight systems, public transportation, and to address climate change. With such bold investment, we must work collaboratively to make this investment transformational. The public and private sectors need to collaborate to bring their best thinking and innovations to our railways, airports, and other systems that move people and goods, among others.

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California hosts the 2023 APEC CEO Summit in SanFrancisco this November. This is an opportunity for regional businesses to explore global opportunities to grow their businesses.

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The Chamber’s study, “California’s Competitiveness: A Regional Approach,” highlighted that to understand California’s competitiveness, we must take a regional approach and perspective to economic development. California excels in hosting high-productivity industry clusters such as Entertainment in Los Angeles, Information Technology in the Silicon Valley, Logistics in the Inland Empire, or Biomed in San Diego.

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There is no doubt that the Los Angeles economy, and the nation’s, is powered by small businesses. Ensuring the small business ecosystem is strong and policies work to help support the creation, development, and growth of small businesses is critical for any city’s economic development plans.

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The Los Angeles Area Chamber of Commerce announced the formation of the Alliance for Economic Fairness, a multiple-sector coalition, to protect and support hospitality jobs and small businesses in the region and by opposing the City of Los Angeles' proposal to raise the minimum wage for hospitality workers to an unprecedented $30 per hour.

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