The Business Perspective

As our country celebrates its 238th birthday this Friday, we look back in appreciation of the brave men and women who shaped our country and sacrificed to preserve the ideals of our democracy, one of which is the ability for Americans to vote in secret ballot.

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Last week, Supervisor Don Knabe announced L.A. County’s $24 million commitment to LA Youth Jobs “Earn & Learn” summer youth employment. This investment will enable 12,000 young adults ages 14-21 to develop work readiness skills and gain exposure to careers while earning wages. Each youth will earn about $1,100 and also receive special training in financial literacy.

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The teamwork, hard work and humility of the players, coaches, management and ownership of the Los Angeles Kings makes me extraordinarily proud of our 2014 Stanley Cup Champions. I've watched sporting events all my life, but I can't remember a championship team at the professional level that so completely embodies the values that I grew up with as a farm kid in Nebraska.  

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Throughout our nation's history, small businesses — with fewer than 500 employees as defined by the federal government — have been the engine of our economy. Today, America's 28 million small businesses represent the creativity and innovation that drives our economic growth.

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Next Saturday, June 7 will mark the one-year anniversary of Southern California Edison’s (SCE) decision to permanently shut down the San Onofre Nuclear Generating Station (SONGS). 

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I’ve made more than 100 trips to Washington D.C. during my 39 years serving chambers of commerce in four states, but last Wednesday’s trip to D.C. was the most rewarding. Its purpose was the signing by Metro and federal transportation officials of a $1.25 billion Capital Investment Grant and an $856 million Transportation Infrastructure Finance & Innovation Act (TIFIA) loan for phase one of the Purple Line Extension to West Los Angeles County.  

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The next big breakthrough in medicine, the Internet, manufacturing, green energy and construction will all have one thing in common: they will all be discovered or designed by a person educated in STEM (Science, Technology, Engineering & Math). America's ability to compete globally will depend on innovations related to STEM and the economic opportunities for the young people in our classrooms today will depend on their education in subjects related to STEM.

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The Chamber is an advocate for business growth and jobs for the residents of Los Angeles County. An important part of this advocacy is voting for candidates who share our commitment to creating an environment that will help businesses grow.

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Water will be a high priority during the Chamber's ACCESS Sacramento trip next week.  The reliable greenery we take for granted in California may be coming to an end without swift action.  

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Toyota is moving 3,000 high-paying jobs from California to Texas over the next three years. Thousands of L.A. County families will be directly impacted by this job loss and many other support businesses and their employees will also feel the pain. The ripple effect will go on and on, including hundreds of charities and nonprofit organizations that Toyota Motor Sales, U.S.A. has generously supported.

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