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Governor Newsom and Secretary Buttigieg Announce $5 Billion in Loans to Fix California’s Congested Ports
As members of Congress continue negotiations on the bipartisan infrastructure bill, Governor Newsom and Department of Transportation Secretary Pete Buttigieg announced a $5 billion loan program this week to help modernize California’s seaports. Calling it an “innovative partnership with California,” Secretary Buttigieg described this announcement as a means to help California modernize its infrastructure, “confront climate change, speed the movement of goods, and grow our economy.” Governor Newsom’s announcement can be found here.
In an Executive Order last week, the Governor also ordered state agencies to develop long-term proposals that would support the movement of goods and support operations at the Ports of Long Beach and Los Angeles. The ongoing congestion at the ports not only affects the Los Angeles region, it affects California and the U.S. economy with 40% of all American cargo entering through those ports.
A joint hearing of the State Assembly and Senate select committee on ports and goods movement is scheduled for Wednesday, November 3, at 9:30 a.m. to discuss the issue. The hearing can be heard live here.
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The Chamber Convenes Panel on Historic Infrastructure Bill
The next session of the Transportation and Goods Movement Council will be held on November 2, 2021 from 10:00 - 11:30 a.m. and will focus on the infrastructure bill being deliberated in Congress, with Congressman Alan Lowenthal (D-CA), senior representatives from Senate and Congressional offices, METRO, and the Port of Los Angeles discussing the pending legislation in Congress. Register here.
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Join Us for Women in Leadership
Join the Chamber next week on November 4 for the Women in Leadership Series: The Female Voice in the Public Sector as we hear from the women leading in public service and government. Our featured speaker will be Metro CEO Stephanie Wiggins followed by a panel with Kelly Gonez, Board President of LAUSD, and Capri Maddox, Executive Director of the City of Los Angeles Civil & Human Rights and Equity Department. RSVP here.
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California State University of Northridge Small Business Consulting
The David Nazarian College of Business and Economics has been providing small business consulting for over 40 years. They've served more than 300 small businesses with great success, often resulting in significant increases in revenue and job growth for the region.
Each semester, top undergraduate and graduate students at the Nazarian College form teams comprised of three to five students to serve businesses looking to address specific challenges or impediments to their success. Students typically take on businesses that bring in an annual revenue of at least $100,000, although students and faculty reserve the right to take on clients who have a lower revenue threshold. If your small business is interested in this opportunity, apply now.
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Transportation & Goods Movement Council
Nov. 02
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Women in Leadership
Nov. 04
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Small Business Strong: The Power of Capital
Nov. 10
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Business After Hours: Veteran's
Virtual Mixer
Nov. 10
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Small Business Grants & Resources
Mayor Garcetti Announces Comeback Checks
The $25 million City of Los Angeles "Comeback Checks" program is launching October 26, 2021. Funding will be distributed over several rounds, with the application period for Round 1 ending Tuesday November 2, 2021.
The program is providing $5,000 grants to 5,000 small businesses and restaurants impacted by COVID-19 including other vulnerable industries needing assistance in their economic recovery efforts. Find more information on how you can apply here.
SBA Offers Disaster Assistance to California Small Businesses
The Small Business Administration has issued a disaster declaration due to the pipeline oil spill that occurred on October 2, 2021. The disaster declaration makes Economic Injury Disaster Loans of up to $2 million available in Los Angeles, Orange, Riverside, San Bernardino, and San Diego counties. Find more information about EIDL eligibility related to this declaration here.
Member News
Mayor Garcetti and Optimum Seismic Highlight Earthquake Retrofits
Mayor Garcetti appeared with Optimum Seismic, Inc. Co-Founder Ali Sahabi this week to speak about the importance of earthquake preparedness and highlight progress towards increased seismic resilience in Los Angeles. Read about the plans for safer buildings in our region here.
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Chamber News
Member Anniversary
- Los Angeles Urban League - 1 Year
Chamber Perspectives - What Lies Ahead for Global Business?
The COVID-19 pandemic disrupted global trade and caused significant changes to the business landscape. As vaccination programs progress and travel restrictions are relaxed, the hope for increased economic global activity is strong. Join the Global Initiatives Council to hear from AmCham and U.S. Chamber executives for a look at trends, opportunities, and business priorities across different regions of the world, including Asia, Europe, and the Americas. Register.
Be Part of One of the Largest Celebrations of Global Trade in the Nation!
The Chamber is excited to share preliminary plans for an in-person World Trade Week Southern California Kickoff Conference next year. The event is scheduled for May 5, 2022 at the JW Marriott at LA Live. As the initiative founder, the Chamber kicks off the start of each year’s World Trade Week celebration by bringing together c-suite speakers, business leaders, trade organizations, and members of the diplomatic corps for the WTW Kickoff Conference. The event has grown to become the largest celebration of global trade in the nation, attracting nearly 900 participants from all over the globe. If your company is active in global markets, don't miss this opportunity to sponsor and gain visibility in front of the Southern California trade industry! Learn more.
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