The Business Perspective

As Southern California endures an unprecedented winter, the need for businesses and communities to prepare for a potential natural disaster has never been more pressing. With power outages lasting for days and increasing severe weather events, the region must be ready to face challenges. Amid all the unpredictability, earthquakes remain a constant threat, making it crucial to take steps to ensure safety and readiness. Earthquake preparedness and seismic retrofitting are essential for proactive emergency responsiveness.

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We celebrated 135 years of business leadership with a memorable evening under the lights at SoFi Stadium with many special guests, including 2023 Board Chair A.G. Spanos, Los Angeles Mayor Karen Bass, Inglewood Mayor James Butts and more.

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Each year, we take a moment to recognize and celebrate the contributions of the business community throughout the Los Angeles region. Businesses create jobs that support families and foster innovation to meet the future. As the Los Angeles Area Chamber of Commerce celebrates its 135th year, the Chamber is excited to recognize business leaders who work to uplift their communities and strive to create A Thriving Region For All at our annual Inaugural.

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The political landscape in Los Angeles changed following the November election. Voters provided a new mandate for the next generation of public policy leaders in the Los Angeles region, Sacramento and Washington D.C. Several newly elected officials were sworn in just before the end of the year and throughout the month of January.

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California’s budget process started this week with Gov. Gavin Newsom’s proposal for the 2023-24 fiscal year. The budget defines spending allocations and proposed investments, reflecting the Governor’s priorities amid much economic uncertainty. The Legislative Analyst Office noted that revenue projections would be lower than in previous years.

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We are excited to welcome the new year with the promise of new beginnings, filled with hope and optimism. This year, we celebrate 135 years of leadership in the Los Angeles region and commemorate our first full year as a U.S. Chamber of Commerce accredited organization. We look to build upon this honor and continue to show that business is a force for good.

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As 2022 comes to a close, we celebrate the holiday season with our community of members, partners, and friends. The holidays are a time to celebrate, be merry, spend time with loved ones, and most importantly, show gratitude. We wish to reflect on our year, the highs and lows, and share in an optimism for a better tomorrow.

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Dear Chamber members, partners and community,

I am excited to greet you as we wrap up the year and look forward to 2023. We’ve been on a journey to build upon the legacy of serving the Los Angeles region in a bold, transformative, inclusive, and responsible manner. We are enthused with the support of our members, partners, and community that inspire us to go the extra mile. We end the year on a high note having just received a Five-Star accreditation from the U.S. Chamber of Commerce.

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Los Angeles small businesses have faced incredible adversity and seemingly insurmountable challenges over the past few years. From the ongoing COVID-19 pandemic to global economic uncertainty, we are mindful of the headwinds ahead. While we cannot prevent economic or natural disasters from happening, we can ensure our businesses — especially small businesses — are prepared to withstand them.

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To build a more equitable economy, we must work from the ground up. That's why we embrace the small businesses in our communities. They are the heart and soul of neighborhoods, and with economic uncertainties, they need our support now more than ever. This year, while small businesses continue to retool and pivot from the effects of the pandemic, they must now face inflation, labor shortages, and supply chain challenges. We can make a difference by discovering and supporting our local small businesses this holiday season and shopping with intent and purpose.

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