LOS ANGELES — The Los Angeles Area Chamber of Commerce applauds the Los Angeles City Council for their vote to create a new Office of Economic Analysis (OEA) as a part of their budget deliberations.
Proposed by the Chamber to the City Council in 2009, the new OEA will provide non-partisan, objective analysis to evaluate the likely impact of new city legislation on private sector job creation, business climate and the overall city economy. The Chamber commends Council President Eric Garcetti, L.A. City Controller Wendy Greuel and Deputy Mayor Jay Carson for their leadership in creating the OEA, which be similar in function to the Congressional Budget Office.
“This creation of this new Office of Economic Analysis is a very important move for the City because it will provide the critical jobs information currently lacking from city policymaking,” said L.A. Area Chamber President & CEO Gary Toebben.
The Los Angeles Area Chamber of Commerce represents the interests of business in L.A. County. Founded in 1888, the Chamber promotes a prosperous economy and quality of life in the Los Angeles region. For more information, visit www.lachamber.com.